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United Parks & Resorts Inc. First Quarter 2025 Results Report

United Parks & Resorts Inc., a prominent player in the theme park and entertainment industry, recently disclosed its financial outcomes for the first quarter of 2025, showing both challenges and long-term opportunities.

Attendance and Revenue Overview

In Q1 2025, the company hosted approximately 3.4 million guests, marking a slight decline of about 1.7% compared to the same period in 2024. This drop in attendance can largely be attributed to the timing of Easter and Spring Break, which shifted into the second quarter this year, thus affecting guest numbers and spending patterns.

Total revenue for the quarter reached $286.9 million, down from $297.4 million in Q1 2024. This 3.5% reduction was further influenced by a decrease in admission revenue per visitor, which dropped 4.2% to $46.04. However, notably, in-park spending per guest rose by 1.1% to a record $38.58, demonstrating a commitment from guests to enjoy the park experience despite external factors.

Financial Performance

United Parks reported a net loss of $16.1 million for Q1 2025, which is $4.9 million more compared to the prior year. Adjusted EBITDA also saw a decrease of 14.8%, coming in at $67.4 million. These figures reflect not only the challenges posed by the earlier mentioned seasonal shifts but also increased operational costs that exceeded prior year expenses by over $5 million.

The CEO of United Parks, Marc Swanson, expressed optimism despite a difficult quarter.