#United States #Orlando #financial results #theme parks #United Parks

United Parks & Resorts Inc. Reports Financial Results for Q3 2025

On November 6, 2025, United Parks & Resorts Inc. (NYSE: PRKS), a prominent player in the theme park and entertainment industry, announced its financial outcomes for the third quarter and the first nine months of fiscal 2025. This report laid bare critical insights regarding the company’s attendance figures, revenue stream, and net income, all of which reflect industry trends and challenges faced during this period.

Key Highlights from Q3 2025

1. Attendance and Guest Trends: The total attendance for the company reached 6.8 million guests during the quarter, marking a decline of approximately 240,000 visitors or 3.4% compared to the same quarter in 2024.
2. Revenue Overview: The company reported total revenue of $511.9 million, which denotes a drop of $34.1 million or 6.2% year over year.
3. Net Income Decline: The net income stood at $89.3 million, indicating a notable decrease of $30.4 million or 25.4% from the previous year’s corresponding period.
4. Adjusted EBITDA: Adjusted EBITDA was reported at $216.3 million, decreasing by $42.1 million, or 16.3% from the third quarter of 2024.

The decrease in revenue per visitor was also concerning, as it declined by 2.9% to $75.39 compared to Q3 2024. The admission revenue per visitor saw a sharper drop of 6.3%, settling at $39.57, while in-park spending increased slightly by 1.1%, reaching $35.82.

Overview of the First Nine Months of 2025

The first nine months echoed similar sentiments, with a total attendance of 16.4 million guests, down by 252,000 guests or 1.5% from 2024. Overall revenue stood at $1.289 billion, a decrease of $51.9 million or 3.9% year-over-year, while the net income fell to $153.3 million, representing a decline of 23.2% compared to the same nine-month segment in 2024.

Factors Contributing to Financial Trends

According to Marc Swanson, CEO of United Parks & Resorts, several factors hindered performance in Q3. Unfavorable calendar shifts impacted attendance, particularly concerning the Fourth of July timing, compounded by adverse weather during peak holiday weekends. A noticeable decline in international visitors further affected the attendance figures, reversing trends observed earlier in the year.

Despite these setbacks, Swanson expressed optimism about ongoing developments, particularly in visitor spending and upcoming events. The company's effective management is evident as in-park purchases have shown consistent growth in 20 of the last 22 quarters.

Share Repurchases and Animal Rescue Efforts

In a show of confidence towards its financial health, United Parks & Resorts commenced share repurchase operations, having bought back over 635,000 shares worth approximately $32.2 million since Q3. Moreover, the company highlights its commitment to conservation, revealing that it assisted 192 animals in need during Q3, totaling over 42,000 animals aided throughout its operational history.

As the company gears up for the holiday season with anticipated improvements, they are set to launch Christmas events across multiple parks, promising an enhanced experience with new offerings. The CEO underscored their aim to improve attendance rates, enhance per capita spending, and achieve greater operational efficiencies moving into 2026.

In conclusion, amidst challenges in the operational landscape, United Parks & Resorts Inc. maintains a focus on growth and resilience, aiming to enhance stakeholder value through strategic initiatives while continuing to provide exceptional visitor experiences across its parks.