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United Parks & Resorts Inc. - PRKS STOCK NEWS

Welcome to our dedicated page for United Parks & Resorts news (Ticker: prks), a resource for investors and traders seeking the latest updates and insights on United Parks & Resorts stock.

United Parks & Resorts Inc. (NYSE: PRKS) is a leading theme park and entertainment company in the United States leisure industry. The company operates under prominent brands such as SeaWorld, Busch Gardens, Aquatica, Discovery Cove, and Sesame Place. Offering exhilarating rides, thrilling roller coasters, and engaging wildlife presentations, United Parks & Resorts' parks promise fun and educational experiences for all ages.

In 2023, the company achieved record attendance and in-park spending despite weather challenges. For the full year, it saw near-record results and continued its trend of revenue growth, particularly in admissions per capita. This success is credited to effective revenue strategies and strong consumer spending within their parks. The company also expanded internationally by opening a SeaWorld park in Abu Dhabi, which has surpassed expectations.

United Parks & Resorts is deeply committed to animal welfare and has aided over 41,000 animals in need through its dedicated rescue teams. These efforts align with its mission to protect animals and their ecosystems by partnering with various governmental agencies.

Financially, the company reported significant growth in the fourth quarter of 2023, including record revenues and Adjusted EBITDA. Despite a slight decrease in admission per capita, in-park per capita spending improved due to price initiatives. The firm also announced a $500 million share buyback program, reflecting strong confidence in future performance.

In 2024, United Parks & Resorts has ambitious plans for new rides, attractions, and events across all parks, including celebrating SeaWorld's 60th anniversary with special events and new experiences. The company expects these investments to drive meaningful growth in attendance and revenue.

Recent news highlights include a successful national hiring event to fill over 5,000 positions, the announcement of the Mayhem sale for discounted Howl-O-Scream tickets, and the launch of SeaWorld's 60th anniversary celebrations. Additionally, the company continues its commitment to animal rescue and conservation, with plans for new and improved park venues and offerings.

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United Parks & Resorts Inc. (NYSE: PRKS) has announced the release date for its second quarter financial results. The company will disclose the results before the market opens on Wednesday, August 7, 2024. Following the release, a conference call is scheduled for 9 a.m. Eastern Time on the same day, which will be broadcast live over the internet.

Investors can access both the financial results and the conference call through the company's website at www.UnitedParksInvestors.com. For those unable to participate in the live webcast, a replay will be available from approximately 12 p.m. Eastern Time on August 7, 2024, under the 'Events & Presentations' tab of the website. Additionally, a telephonic replay will be accessible from August 7 to August 14, 2024.

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Busch Gardens Tampa Bay has announced the grand opening of Phoenix Rising, North America's tallest and longest inverted family coaster. Pass Members will have exclusive early access from July 17-20, 2024, with the ride opening to the public on July 21. This new attraction, the park's tenth roller coaster, features on-board audio and lighting, reaches speeds of 44 mph, and has a height requirement of just 42 inches.

The coaster, inspired by the legend of the phoenix, offers a family-friendly adventure soaring above the Serengeti Plain and through Pantopia. Busch Gardens is offering a -time Summer Sale with up to 50% off on Tickets, Fun Cards, and Annual Passes, providing the best value for experiencing Phoenix Rising and other park attractions.

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SeaWorld San Antonio announced the birth of a baby beluga whale and a Pacific white-sided dolphin, both born within two days at the park's Beluga Whale and Dolphin Stadium.

The park also recently welcomed a California sea lion, a harbor seal, and a critically endangered radiated tortoise. Experienced mothers Piquet, a 36-year-old Pacific white-sided dolphin, and Luna, a 23-year-old beluga whale, successfully gave birth to calves.

These births offer valuable research opportunities through SeaWorld's ongoing partnership with St. Mary's University, allowing for detailed observation and study of calf development and social interactions.

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SeaWorld Orlando has launched its new family coaster, Penguin Trek, in the Antarctica Realm. The ride opened on July 7, 2024, and features air-conditioned queue lines, snowmobile-styled cars, and speeds up to 43 mph on a 3,020-foot track through indoor and outdoor environments. The experience ends with visitors exploring a penguin habitat, underscoring SeaWorld's conservation efforts.

The Antarctica Realm includes other attractions like the South Pole Sips bar and the revamped Expedition Café. Club Wyndham has also partnered with SeaWorld to offer an Antarctica-inspired suite at their Bonnet Creek resort, with part of the proceeds supporting the SeaWorld Conservation Fund.

Visitors can enjoy discounts on Annual Passes and Fun Cards through July 14, 2024, offering benefits like free parking and guest tickets.

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SeaWorld has announced the return of its Ultimate Shark Experience ticket to celebrate its 60th anniversary. Available from July 7-14, this ticket allows guests to enjoy various shark-themed activities across its Orlando, San Antonio, and San Diego parks. Highlights include behind-the-scenes tours, feeding and touching sharks, front-of-the-line access to shark-inspired rides, dining with underwater views, and exclusive shark-themed souvenirs. A portion of the ticket proceeds will support the SeaWorld Conservation Fund's shark protection projects. SeaWorld emphasizes its commitment to shark conservation through partnerships and initiatives like the Association of Zoos and Aquariums SAFE Program.

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SeaWorld Orlando is excited to announce the grand opening of its new family launch coaster, Penguin Trek, on July 7, 2024. This innovative ride is located in the new Antarctica Realm, offering a 3,020-foot track with speeds up to 43 mph and unique snowmobile-styled cars. Visitors can enjoy air-conditioned queues and a thrilling exploration ending in a penguin habitat.

Annual Pass Members get early access starting July 2. The new Antarctica Realm features dining options like South Pole Sips and the reopened Expedition Café. Penguin Trek joins SeaWorld's acclaimed coaster lineup, including Mako and Ice Breaker. Special promotions include up to 55% off tickets and passes during the 4th of July Sale.

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In a multi-national effort, marine mammal experts from Oceanografic Valencia, Georgia Aquarium, and SeaWorld collaborated with Ukraine's NEMO Dolphinarium to rescue two beluga whales, Plombir and Miranda, from the war-torn city of Kharkiv. The high-risk operation, taking place on June 17-18, involved a 12-hour drive to Odesa and a flight from Moldova to Valencia. The belugas arrived in delicate health and are now under intensive care at Oceanografic, the largest aquarium in Europe. This rescue highlights the dedication and expertise of accredited aquariums in animal welfare.

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Coca-Cola and SeaWorld are celebrating SeaWorld's 60th anniversary with 'Celebration Sundays,' starting June 16, 2024. These monthly events feature free beverage sampling for all guests and exclusive, -edition merchandise giveaways for pass members. Each month's giveaway will introduce a new collectible item, with June's being a 20-ounce Bottle Holder. SeaWorld is also receiving a $1 million contribution from Coca-Cola to support marine animal and ecosystem conservation. The events highlight the long-standing partnership between Coca-Cola and SeaWorld, which began in 2012. Annual passholders can enjoy added benefits such as access to a VIP lounge and special events. Guests can find special ticket offers on SeaWorld's local webpages.

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SeaWorld is celebrating World Oceans Day on June 8, 2024, by offering free reusable utensil sets to the first 1,000 guests at its parks in Orlando, San Antonio, and San Diego. These utensils are part of SeaWorld's ongoing effort to combat single-use plastic pollution. In 2023, SeaWorld introduced biodegradable cutlery across all its parks. The park has a long-standing commitment to marine conservation, with a portion of its proceeds going towards animal rescue and conservation efforts year-round. Over its 60-year history, SeaWorld has published over 450 scientific articles and provided more than $20 million in grants through its Conservation Fund.

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Busch Gardens is bringing back free beer this summer for guests aged 21 and over. At Busch Gardens Tampa, visitors can receive one free 7 oz. beer per visit, while pass holders can get two free beers per visit. Similarly, at Busch Gardens Williamsburg, members and annual pass holders can enjoy one free 7 oz. beer per visit, and all other guests can purchase two beers for $0.50 each. This offer aims to enhance the summer experience alongside new rides and shows. Highlights include the new Loch Ness Monster at Williamsburg and Phoenix Rising at Tampa, as well as multiple summer events like Summer Nights and Red, White & Brews.

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FAQ

What is the current stock price of United Parks & Resorts (prks)?

The current stock price of United Parks & Resorts (prks) is $54.08 as of December 20, 2024.

What is the market cap of United Parks & Resorts (prks)?

The market cap of United Parks & Resorts (prks) is approximately 2.9B.

What does United Parks & Resorts Inc. do?

United Parks & Resorts Inc. operates theme parks and entertainment facilities across the United States, including SeaWorld, Busch Gardens, Aquatica, Discovery Cove, and Sesame Place.

How does United Parks & Resorts generate revenue?

The majority of revenue comes from selling admission tickets to its theme parks, with additional income from in-park spending on food, merchandise, and other services.

What are some recent achievements of United Parks & Resorts?

In 2023, the company achieved record attendance and in-park spending, opened its first international park in Abu Dhabi, and maintained a trend of revenue growth despite weather challenges.

What are the company’s plans for 2024?

United Parks & Resorts plans to introduce new rides, attractions, and events across its parks, including celebrating SeaWorld's 60th anniversary with special events and experiences.

How does United Parks & Resorts contribute to animal welfare?

The company has a dedicated rescue team that has aided over 41,000 animals in need, working with state, local, and federal agencies to protect animals and their ecosystems.

What are the financial highlights of United Parks & Resorts?

In 2023, the company reported record revenues and Adjusted EBITDA, with a slight decrease in admission per capita but improved in-park spending due to pricing initiatives.

What is the company’s stance on share repurchases?

The Board of Directors authorized a $500 million share buyback program, reflecting strong confidence in the company's future performance and operational strategy.

Where are United Parks & Resorts' parks located?

The company's parks are located in various states across the U.S., including California, Texas, Florida, Pennsylvania, and Virginia, as well as internationally in Abu Dhabi.

How does United Parks & Resorts handle adverse weather impacts?

Despite adverse weather impacts, United Parks & Resorts continues to drive growth in total revenue per capita through effective revenue strategies and consumer spending strength.

What new attractions are coming to United Parks & Resorts' parks in 2024?

The company plans to debut a variety of new rides and attractions across its parks, including the world's first launched flume coaster and new immersive realms and aquariums.

United Parks & Resorts Inc.

NYSE:PRKS

PRKS Rankings

PRKS Stock Data

2.95B
26.72M
2.01%
129.44%
11.37%
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