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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.

News

Busch Gardens Parks Honor Military Appreciation Month with Free Park Admission to Active-Duty U.S. Military, Veterans and Their Families Through Annual Waves of Honor Program

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Busch Gardens Parks celebrates Military Appreciation Month by offering free park admission to active-duty U.S. military, veterans, and their families through the Waves of Honor program. The program has provided over 10 million guests with complimentary access to the parks over the past 20 years, showcasing the company's commitment to honoring military members and their families.
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SeaWorld Parks Honor Military Appreciation Month with Free Park Admission to Active-Duty U.S. Military, Veterans and Their Families Through Annual Waves of Honor Program

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SeaWorld Parks celebrates Military Appreciation Month by offering free one-day admission to U.S. military veterans and their families through the Waves of Honor program. Active-duty military and their guests enjoy year-round complimentary access. Over 10 million military members and their families have benefited from this initiative in the past 20 years.
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UNITED PARKS & RESORTS INC. ANNOUNCES FIRST QUARTER EARNINGS RELEASE DATE AND CONFERENCE CALL INFORMATION

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United Parks & Resorts Inc. announced the first quarter earnings release date and conference call information. The financial results will be released before the market opens on May 8, 2024, with a live internet broadcast conference call at 9 a.m. Eastern Time on the same day. The event can be accessed through the company's website. A replay will be available online and telephonically for a time after the call.
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Critically Endangered Bornean Orangutan Born at Busch Gardens Tampa Bay, Birth Marks Milestone in Orangutan Conservation Efforts

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Busch Gardens Tampa Bay celebrates the birth of a critically endangered female Bornean Orangutan, marking a significant milestone in Orangutan conservation efforts. The newborn, delivered via cesarean section, weighs three pounds and four ounces and is under 24-hour care at the park's Orangutan house. The park's participation in the AZA Species Survival Plan ensures the welfare and future prosperity of the species.
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SeaWorld Invites Guests to Celebrate National Dolphin Day with Dolphin Presentations and Experiences

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SeaWorld celebrates National Dolphin Day with special up-close encounters and interactions for guests, offering discounts to Silver, Gold, and Platinum Pass Members. Guests can enjoy educational sessions, training sessions, feeding experiences, and more, with opportunities to meet the animal care team and participate in enrichment activities.
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United Parks & Resorts Kicks Off Nationwide Recruitment Week for 5,000 Positions Coast to Coast Across All Parks

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United Parks & Resorts is hosting a national hiring event to fill over 5,000 positions across its seven award-winning park brands, offering a range of seasonal, part-time, and full-time roles. The company emphasizes a positive work environment with exciting perks for its ambassadors. CEO Marc Swanson highlights upcoming attractions and opportunities for passionate individuals to join the team.
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United Parks & Resorts Inc. Announces a $500 Million Share Repurchase Authorization and Stockholder Approval of Amended Stockholders Agreement with Hill Path Capital LP

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United Parks & Resorts Inc. (NYSE: PRKS) announced the approval of a $500.0 million share repurchase program by its stockholders. The company also amended its stockholders agreement with Hill Path Capital LP. The approval received over 97% support from stockholders, indicating strong alignment on capital allocation priorities.
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LuxUrban Hotels Appoints Kimberly K. Schaefer, Former CEO of Great Wolf Resorts, to Board of Directors

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LuxUrban Hotels Inc. appoints Kimberly K. Schaefer, a veteran in real estate and hospitality, to its Board of Directors. The company utilizes an asset-light business model in partnership with Wyndham Hotels & Resorts to lease entire hotels on a long-term basis. LuxUrban aims to secure the long-term operating rights for hotels through Master Lease Agreements, benefiting from dislocations in commercial real estate markets.
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SeaWorld Unveils 60th Anniversary Celebration Plans for 2024

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SeaWorld kicks off its 60th-anniversary celebrations with new rides, attractions, and special events throughout the year. The festivities include a launch party, themed merchandise, historical exhibits, and more.
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United Parks & Resorts Inc. Reports Fourth Quarter and Fiscal 2023 Results

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United Parks & Resorts Inc. (NYSE: PRKS) reported its financial results for Q4 and FY 2023. Despite record attendance, there were decreases in total revenue, net income, and adjusted EBITDA. However, per capita spending in parks increased. The company also announced a share buyback authorization and aided animals in need.
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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 $51.75 as of January 29, 2025.

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

The market cap of United Parks & Resorts (prks) is approximately 2.8B.

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.
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United Parks & Resorts Inc.

NYSE:PRKS

PRKS Rankings

#1723 Ranked by Market Cap
N/A Ranked by Dividends

PRKS Stock Data

2.85B
26.72M
2%
130.03%
11.24%
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