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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, Inc. (NYSE: SEAS) will disclose its second quarter financial results on August 4, 2022, before the market opens. A conference call is scheduled for 9 a.m. Eastern Time on the same day and can be accessed via the Company's website. For those unable to attend live, a replay will be available starting at 12 p.m. Eastern Time on August 4 and can be accessed until August 11, 2022. SeaWorld is known for its focus on animal welfare and operates multiple renowned theme parks across the U.S.
SeaWorld San Diego successfully rehabilitated and returned six rescued seals, including five threatened Guadalupe fur seals, on June 30, 2022. As one of only two U.S. facilities authorized to rehabilitate Guadalupe fur seals under the Endangered Species Act, SeaWorld has rescued 36 of these seals in the past five years. The organization's efforts, in collaboration with NOAA and PMMC, contribute significantly to the conservation of these species, which were once hunted to near extinction. There are currently an estimated 31,000 Guadalupe fur seals in existence.
SeaWorld Parks & Entertainment announces the reopening of its parks with no reservation requirements and full capacity. Exciting new attractions include Ice Breaker in Orlando, Tidal Surge in San Antonio, and Emperor in San Diego. Ice Breaker features a record 100-degree drop, while Tidal Surge is the tallest scream swing globally. SeaWorld Orlando is named the #1 theme park, showcasing its top-notch roller coasters. Guests can enjoy summer events like Electric Ocean and complimentary beer for those aged 21+. Annual Pass holders benefit with exclusive perks and savings.
SeaWorld Entertainment, Inc. (NYSE: SEAS) has appointed Michelle "Chelle" F. Adams as Chief Financial Officer (CFO) and Treasurer. Adams brings extensive finance experience from The Cosmopolitan of Las Vegas, where she led financial operations and was pivotal in its recent sale. She replaces Elizabeth Castro Gulacsy, who will assist during the transition. CEO Marc Swanson expressed enthusiasm for Adams joining the leadership team, highlighting her strong background in the leisure and hospitality industries. Adams aims to enhance business strategy execution and stakeholder value.
SeaWorld San Diego is actively providing critical care to 30 California brown pelicans amid a mysterious illness impacting juvenile seabirds since May 12. The crisis has seen hundreds of sick and injured pelicans requiring rescue. SeaWorld, the only seabird rescue facility from Tijuana to Camp Pendleton, has rescued over 1,000 brown pelicans since 2010. The cause of the illness is still unknown, with signs indicating starvation despite no apparent food shortages. SeaWorld collaborates with local wildlife organizations and the California Department of Fish and Wildlife for ongoing investigations.
SeaWorld Entertainment, Inc. (NYSE: SEAS) announced the retirement of CFO Elizabeth Castro Gulacsy, effective December 31, 2022. After nine years with the Company, she will assist during the transition period and help find her successor. CEO Marc Swanson praised her leadership, especially during COVID-19. Seaworld is reported to be in a strong financial position with positive momentum for future growth.
SeaWorld Entertainment, Inc. (NYSE: SEAS) announced a new $250.0 million share repurchase program, aiming to enhance shareholder value through strategic stock buybacks. The program allows for repurchases via open market and privately-negotiated transactions, adhering to federal securities laws. There is no set time frame for the repurchases, which will be determined by market conditions and available liquidity. This initiative reflects SeaWorld's commitment to optimizing capital allocation and boosting investor confidence.
SeaWorld Entertainment reported strong Q1 2022 financial results with attendance reaching 3.4 million, a 53.7% increase year-over-year. Total revenues hit a record $270.7 million, marking a 57.5% rise. The net loss narrowed to $9.0 million, the smallest for a first quarter, and adjusted EBITDA surged to $65.9 million, reflecting a 161.8% increase. The company also repurchased approximately 1.5 million shares for about $109.9 million. Enhanced operational performance indicates continued recovery, although international and group attendance remains below pre-pandemic levels.
SeaWorld has achieved a significant milestone, rescuing over 40,000 injured, sick, and orphaned animals since 1965. As one of the largest marine animal rescue organizations globally, it emphasizes the importance of rescue and rehabilitation in species preservation. SeaWorld's dedicated teams operate 24/7 across its parks in Orlando, San Antonio, and San Diego. The organization provides long-term care for animals deemed non-returnable. Funding for these efforts comes from ticket sales and in-park purchases, reinforcing the vital community support behind these initiatives.
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