United Parks & Resorts Inc. - SEAS STOCK NEWS

SeaWorld marks the fifth anniversary of the successful rescue and rehabilitation of Tyonek, the first Cook Inlet beluga calf. Rescued in 2017, Tyonek was deemed non-releasable by NOAA due to health issues and has been cared for at SeaWorld since March 2018. This partnership has contributed to over 20 scientific studies that enhance understanding of beluga behavior and health. Cook Inlet belugas remain endangered, with fewer than 300 individuals left. SeaWorld continues its commitment to marine conservation through research and public engagement events like Belugas Count!, scheduled for September 23, 2023.

SeaWorld Entertainment reported its fourth quarter and fiscal year 2022 financial results, showing total revenue of $390.5 million, a 5.3% increase from Q4 2021, with a record net income of $49 million. Despite a decrease in attendance of 16,000 guests year-over-year, attendance grew by 5.1% compared to 2019. For fiscal 2022, the company welcomed 21.9 million guests, generating a record total revenue of $1.73 billion, marking a 15.1% increase from 2021. Adjusted EBITDA also reached records of $153.7 million for Q4 and $728.2 million for the year. The company repurchased 12.4 million shares, approximately 16% of total shares outstanding, at a total cost of $693.6 million.

Busch Gardens Tampa Bay has officially opened its newest attraction, the Serengeti Flyer, which is touted as the world's tallest and fastest ride of its kind. The ride reaches speeds of 68 mph and a peak height of 135 feet, featuring multiple negative-G moments and adjustable intensity levels for varied guest experiences. The attraction can accommodate 40 guests per ride, offering stunning views of the park's 65-acre Serengeti Plain. Additionally, the park is promoting a limited-time buy-one-get-one Fun Card offer, enhancing visitor access to Busch Gardens and Adventure Island.

SeaWorld has launched its first marine research and rescue center outside the U.S., located on Yas Island, Abu Dhabi. Named Yas SeaWorld Research and Rescue (YSWRR), this center is the first of its kind in the MENA region and aims to enhance marine-life conservation efforts. The facility is equipped with cutting-edge resources, including a veterinary hospital, rehabilitation pools, and an onsite laboratory. SeaWorld expands its nearly 60-year legacy of animal care with this center, adding to a network of locations in Orlando, San Antonio, and San Diego. The center is expected to conduct integrated research and educational programs, contributing significantly to marine conservation.

SeaWorld Entertainment, Inc. (NYSE: SEAS) will disclose its fourth quarter and fiscal 2022 financial results on February 28, 2023, before market opening. The results will be discussed in a conference call at 9 a.m. Eastern Time on the same day, accessible via the company’s website. A replay will be available post-event. SeaWorld is known for its extensive zoological collection and commitment to animal welfare, having rescued over 40,000 animals. It operates multiple theme parks like SeaWorld and Busch Gardens, offering diverse attractions targeting a broad audience.

SeaWorld Entertainment (NYSE: SEAS) announced significant leadership changes on January 27, 2023, promoting eight leaders to enhance organizational performance and growth. The company has created a new Chief Transformation Officer role, filled by the current CFO, Chelle Adams. Two leaders have been appointed as Co-Chief Parks Operations Officers for Florida and non-Florida parks. Additionally, three new Park Presidents have been named for parks in Orlando and San Antonio. These changes aim to optimize operations and elevate guest experiences as SeaWorld continues to recover post-pandemic and drive revenue growth through new attractions and improved park offerings.

SeaWorld Entertainment, Inc. (NYSE: SEAS) reported strong financial results for Q3 and the first nine months of 2022. Attendance reached 7.3 million in Q3, up 1.5% YoY, but down 9.7% from 2019. Revenue hit a record $565.2 million, an 8.4% increase YoY, while net income rose to $134.6 million, up 31.8% YoY. For the first nine months, attendance was 17 million, up 11.5% YoY, with total revenue of $1.34 billion, an 18.3% increase YoY. The company repurchased 12.3 million shares, reflecting strong liquidity and share value enhancement.

SeaWorld announced the introduction of three groundbreaking rides across its parks in Spring 2023. Highlights include Pipeline: The Surf Coaster at SeaWorld Orlando, the world's first surf coaster, Arctic Rescue at SeaWorld San Diego, the longest and fastest straddle coaster on the West Coast, and Catapult Falls at SeaWorld San Antonio, the world's first launched flume coaster. Annual Pass Members will enjoy exclusive ride times. This initiative aims to enhance guest experiences while promoting marine life conservation.

SeaWorld Entertainment, Inc. (NYSE: SEAS) will release its third quarter financial results on November 9, 2022, before the market opens. A live conference call is scheduled for the same day at 9 a.m. Eastern Time and will be accessible online. For those unable to attend, a replay will be available starting at 12 p.m. Eastern Time on the same day. The company, a leader in animal welfare and theme park entertainment, operates a diverse portfolio of parks, showcasing a significant zoological collection and memorable guest experiences.