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United Parks & Resorts Inc. (NYSE: SEAS), formerly known as SeaWorld Entertainment Inc., is a leading theme park and entertainment company with a rich legacy spanning over 60 years. The company operates a diversified portfolio of 13 destination and regional theme parks across the United States and Abu Dhabi, including well-known brands such as SeaWorld, Busch Gardens, Discovery Cove, Sesame Place, Water Country USA, Adventure Island, and Aquatica.
Founded in 1959, United Parks & Resorts has been at the forefront of creating innovative entertainment experiences that blend imagination with nature. The company’s parks offer guests a variety of up-close animal encounters, thrilling rides, and spectacular shows, attracting millions of visitors each year.
United Parks & Resorts is globally recognized for its commitment to animal welfare, training, and conservation. The company operates one of the world's foremost zoological organizations and has rescued over 40,000 animals in need. Its efforts in animal rescue, rehabilitation, and conservation extend beyond its parks, demonstrating a deep commitment to protecting the natural world.
In addition to its theme parks, United Parks & Resorts has expanded its reach into media and entertainment platforms, connecting people to nature through television, digital media, and licensed consumer products. The company's strategic growth initiatives include plans for hotels, international expansion, and enhanced digital engagement.
Despite challenges such as adverse weather and the impact of the global COVID-19 pandemic, United Parks & Resorts continues to show resilience and strong financial performance. The company is focused on cost management, strategic pricing, and enhancing the guest experience to drive revenue and profitability.
Recent achievements include the successful rehabilitation and release of manatees, the hatching of an endangered Emperor penguin chick, and the introduction of new attractions and events. The company also announced a name change from SeaWorld Entertainment Inc. to United Parks & Resorts Inc. in February 2024, reflecting its diverse array of park brands.
For the latest financial results, strategic updates, and news, shareholders and prospective investors can visit United Parks & Resorts Investors.
SeaWorld Entertainment reported robust financial results for Q3 2021, with attendance growing by 5.7 million year-over-year to 7.2 million, though still down 11.0% from Q3 2019. Total revenue reached $521.2 million, a $415.1 million increase from 2020 and a 10.0% rise compared to 2019. Net income was $102.1 million, marking a significant recovery from last year. Record Adjusted EBITDA of $265.3 million reflected a $276.5 million improvement from 2020. The company also repurchased 1.53 million shares at a cost of $82.7 million and maintained strong liquidity of $918.1 million as of September 30, 2021.
SeaWorld Parks & Entertainment (NYSE: SEAS) announces its commitment to Manatee Awareness Month, highlighting nearly 1,300 manatee rescues since 1976. As the largest manatee rescue operation in the U.S., SeaWorld operates one of only five critical care facilities for these endangered mammals. In 2021, manatee deaths reached a record 1,000, prompting urgent conservation efforts. SeaWorld's innovative veterinary care, public education programs, and community support play crucial roles in manatee preservation. The company continues to partner with various organizations to address the current crisis facing manatees.
SeaWorld Entertainment, Inc. (NYSE: SEAS) will announce its third-quarter financial results on November 9, 2021, before the market opens. A conference call is scheduled for the same day at 9 a.m. Eastern Time, available live via the company's website. A replay of the call will be accessible from 12 p.m. Eastern Time on the same day. SeaWorld is known for its leadership in animal welfare and operates multiple theme parks, emphasizing memorable experiences and animal conservation.
Uplift, a leading Buy Now, Pay Later (BNPL) solution, has partnered with SeaWorld Parks & Entertainment to offer flexible payment options for hotel and ticket packages at SeaWorld Orlando, San Antonio, and San Diego. Customers can now pay for packages starting at $300 with easy monthly installments, for example, $133.76 upfront and 11 additional payments of $133.76. This initiative aims to enhance guest access to SeaWorld's attractions while managing their travel budgets.
Busch Gardens Williamsburg announced the opening of its new coaster, Pantheon, in March 2022. This coaster features two inversions, four launches, and a top speed of 73 mph. The park is also launching new membership plans that include unlimited visits and various benefits such as free guest tickets and no blockout dates. Membership starts at $11.75 per month. Members will enjoy exclusive preview events, discounts, and access to year-round events. Busch Gardens is part of SeaWorld Entertainment (NYSE: SEAS).
SeaWorld Entertainment, Inc. (NYSE: SEAS) has successfully closed a private offering of $725 million in senior notes due 2029, alongside $1.2 billion in new term loans and $385 million in revolving commitments. The proceeds will be utilized to redeem $450 million of outstanding senior secured notes due 2025 and refinance existing loans. The offering was aimed at institutional buyers under Regulation S, with no registration under the Securities Act. This strategic move is part of SeaWorld's efforts to enhance its financial position and strengthen its capital structure.
SeaWorld San Diego will unveil the Emperor dive coaster in March 2022, marking it as California's tallest, fastest, and longest dive coaster. The ride features a thrilling 143-foot vertical drop and reaches speeds exceeding 60 mph. With a capacity for 18 riders, it offers unique seating configurations. The opening, delayed due to the pandemic, is anticipated to enhance visitor experience during Spring Break. Guests can also enjoy penguin exhibits featuring various species. A 2022 Fun Card is available, granting access to the park and more for $99.99.
SeaWorld San Antonio has announced the launch of Tidal Surge, the world's tallest and fastest screaming swing, set to open in Spring 2022. This thrilling attraction will reach a height of 135 feet and swing at speeds of 68 mph, providing riders with breathtaking airtime moments. Tidal Surge will enhance the park's ride offerings, which currently include four roller coasters and family-friendly attractions. Additionally, guests can purchase a 2022 Season Pass for $81.99, offering unlimited admission to SeaWorld and Aquatica, including access to special events.
SeaWorld Orlando has announced the upcoming opening of its new coaster, Ice Breaker, scheduled for February 2022. This ride, featuring four launches and a 93-foot-tall spike, promises to deliver a thrilling experience for visitors of all ages. Park President, Kyle Miller, acknowledged the delays in opening due to recent challenges and expressed gratitude to fans for their patience. Ice Breaker will be a significant addition to the park's attraction portfolio, joining popular rides like Manta and Kraken.
Busch Gardens Tampa Bay announced that Iron Gwazi, the tallest and fastest hybrid coaster in North America, will open in March 2022, just in time for Spring Break. The coaster features a 206-foot peak, a 91-degree drop, and speeds of 76 mph over 4,075 feet of track. Despite delays due to challenges over the last two years, the park aims to meet the expectations of coaster enthusiasts. The attraction will join other popular rides and comes with promotional offers for 2022 Fun Cards and Annual Passes for visitors.
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