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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 San Diego is set to launch a new ride, Arctic Rescue, in Spring 2023, making it the longest and fastest straddle coaster on the West Coast. This family-friendly ride features three exhilarating launches, reaching up to 40 mph, and requires a minimum height of 48 inches. Designed to raise awareness about climate change impacts on Arctic wildlife, the ride is inspired by SeaWorld's Rescue Team efforts. Annual Pass Members will get exclusive early access before the official opening. Arctic Rescue will be a key addition to SeaWorld's ride portfolio, complementing its Wild Arctic exhibit.
SeaWorld Orlando announced that a neonatal dolphin rescued on July 20th from Clearwater Beach will remain under its care after NOAA deemed him non-releasable due to survival skill deficiencies. The dolphin, who has been receiving intensive care for nearly nine weeks, is in critical but stable condition and has gained over 10 pounds. The public is invited to participate in an online poll to name the dolphin, which will close on September 26th, at 5 PM EST. SeaWorld's expertise in animal care played a vital role in the decision for long-term rehabilitation.
Busch Gardens Tampa Bay's Howl-O-Scream returns on select nights until Oct. 31, 2022. This year's event features five haunted houses, nine scare zones, and four shows, along with nighttime rides on attractions such as Iron Gwazi, the fastest hybrid coaster. New haunted houses include Stranglewood Estate and The Residence: Home for the Holidays, while new scare zones are Ravens Mill and Beyond the Veil. Tickets include options like Front Line Fear passes starting at $69. Guests can save up to 55% on admission tickets through a limited-time offer.
SeaWorld announced its partnership with U.S. wildlife authorities and conservation groups to assist ten endangered Kemp's Ridley sea turtles deemed non-releasable into the wild. Transported from the Cayman Turtle Centre to SeaWorld Orlando in April 2022, the turtles have been under a routine 90-day quarantine, receiving expert care. Following this period, they will be relocated to zoos and aquariums across the U.S. to serve as Animal Ambassadors for conservation education. This initiative underlines SeaWorld's commitment to wildlife conservation and animal welfare.
SeaWorld and OCEARCH have renewed their multi-year partnership, focusing on the conservation of marine life through research, rescue, education, and policy efforts. The organizations aim to gather critical scientific data on keystone marine species, particularly sharks. SeaWorld has rescued over 40,000 animals, contributing valuable knowledge to marine conservation. The collaboration enhances understanding of shark reproduction, utilizing open-sourced data for advocacy. Their joint research efforts continue to educate future generations on ocean health and species conservation.
SeaWorld Entertainment, Inc. (NYSE: SEAS) reported strong financial results for Q2 and H1 2022, highlighting a record revenue of $504.8 million in Q2, marking a 14.8% increase from Q2 2021. Attendance rose by 7.8% year-over-year to 6.3 million. For H1, total revenue reached $775.5 million, a 26.8% jump. The company announced a new $250 million share repurchase program after repurchasing approximately 7.1 million shares for about $390.1 million earlier this year. Despite strong results, net income decreased by 8.7% in Q2 compared to last year, emphasizing the need for improved cost management.
SeaWorld and DHL Express announced a successful partnership to transport a rehabilitated manatee from Texas to Florida after eight months of care at SeaWorld San Antonio. Rescued in December 2021, the manatee underwent treatment for cold stress and other ailments. The transport utilized a custom container designed by DHL, ensuring the animal's safety and comfort during the flight. This event highlights the ongoing collaboration to protect manatees amid a significant decline in their population due to an Unusual Mortality Event. SeaWorld has rehabilitated over 1,300 manatees since 1976.
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