Earnings Releases·Nov 5, 2026, 6:33 AM ET

United Parks & Resorts Inc. — Third Quarter and First Nine Months 2026 Earnings Summary

Q3 2026 total revenue decreased 1.1% to $506.5 million and net income fell 10.5% to $80.0 million, while diluted EPS rose 8.1% to $1.74; for the first nine months, revenue declined 1.6% to $1,268.1 million and net income dropped 28.8% to $109.2 million, though operating cash flow increased 9.4% to $330.0 million.
Attendance declined 4.7% in Q3 and 4.1% for the first nine months due to weather, calendar impacts, reduced international visitation, and a strategic reduction in promotional admissions, though management estimates underlying attendance would have grown absent these headwinds.
Management projects significantly higher attendance, revenue, Adjusted EBITDA, and free cash flow for 2027 and beyond, citing double-digit growth in forward bookings for Discovery Cove and group business, an 8% increase in pass sales during Q3, and a 15% rise in the 2027-specific pass base.
The company plans to launch new attractions in 2027, including "SEAQuest: Legends of the Deep" at SeaWorld Orlando and "Return to Corkscrew Hill" at Busch Gardens Williamsburg, while capital expenditures for the first nine months rose 24.3% to $207.9 million.