United Parks & Resorts Inc. (NYSE:PRKS) reported a disappointing Q1 2025, missing both top- and bottom-line estimates and weighing on its premarket performance.
Q1 2025 Financial Highlights
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Net Loss: $16.1 million (–$0.29/share) vs. –$11.2 million (–$0.17/share) LY; consensus expected –$0.21/share.
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Revenue: $286.9 million, down 3.5% YoY vs. $295.8 million expected.
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Attendance: 3.39 million guests, –1.7% YoY, hurt by Easter and Spring Break shifting into Q2.
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Per Capita Spend: +1.1%, a record high and the 19th increase in 20 quarters.
Despite the calendar headwind, CEO Marc Swanson highlighted “strong bookings trends” and new attractions poised to drive full-year growth.
Why the Shortfall?
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Holiday Timing Shift: Easter and Spring Break moved largely into April, pulling a material chunk of attendance (and admission revenue) into Q2.
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Lower Admission Yield: Core ticket revenue dipped, only partially offset by higher ancillary spending (F&B, merchandise, etc.).
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Fixed Cost Leverage: Theme parks’ high operating leverage magnifies revenue misses into deeper losses.
Keeping Track of Filings & Guidance
Stakeholders should review United Parks’ detailed Q1 results and management commentary in its 10-Q filing. You can access the official report and future updates via the SEC Filings API, which provides immediate access to all of PRKS’s regulatory disclosures:
View United Parks’ latest SEC filings
What’s Next
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Q2 Performance: Spring Break and Easter revenue now front-loaded into Q2—expect stronger sequential growth.
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New Attractions: Monitor early attendance and spend uplift from park additions later this year.
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Full-Year Outlook: Management still projects record revenue and adjusted EBITDA for 2025; validate these targets against upcoming quarterly earnings calls.
By pairing the SEC Filings API’s real-time access with quarterly earnings commentary, investors can stay aligned with United Parks’ recovery trajectory and management’s evolving guidance.
