United Parks Q3 Revenue Falls Short Due To Hurricane Impact, But Future Demand And Sales Show Resilience

United Parks & Resorts Inc. (NYSE:PRKS) reported third-quarter 2024 revenue of $545.901 million, a slight decline of 0.4% year-over-year, missing the consensus estimate of $550.473 million.

Third quarter EPS was $2.08 (+8.3% year over year), below the analyst consensus of $2.22.

Attendance reached 7 million guests. That’s down by about 100,000 or 1.4% compared to Q3 2023. The attendance decline was mainly due to Hurricanes Debby and Helene, during peak periods.

Total revenue per capita rose 1.0% to $77.66 from Q3 2023. Admission per capita increased 0.5% to $42.24, while in-park spending per capita grew 1.6% to a record $35.42.

“The combined impact of the calendar shift and the meaningfully worse weather was approximately 320,000 guests, adjusting for these ...