United Parks & Resorts Inc. ( (PRKS) ) has released its Q4 earnings. Here is a breakdown of the information United Parks & Resorts Inc. presented to its investors.
United Parks & Resorts Inc., a prominent player in the theme park and entertainment industry, operates a diverse range of award-winning parks across the United States and Abu Dhabi, known for its thrilling rides, family-friendly experiences, and significant contributions to animal welfare. The company recently reported its financial results for the fourth quarter and fiscal year 2024, highlighting a slight decline in attendance and revenue, attributed largely to adverse weather conditions, including several hurricanes. Despite these challenges, United Parks & Resorts achieved record in-park per capita spending and continued to demonstrate strong pricing power and consumer spending resilience. Key financial metrics revealed a decrease in net income and adjusted EBITDA, while strategic initiatives such as refinancing term loans and share repurchases underscored the company’s commitment to enhancing shareholder value. Looking ahead, United Parks & Resorts is optimistic about its growth prospects, with plans for new attractions and events in 2025 expected to drive attendance and revenue growth, assuming no further weather disruptions.