Q1 2026 United Parks & Resorts Inc Earnings Call Transcript
Key Points
- United Parks & Resorts Inc (PRKS) reported strong in-park execution, with in-park per capita spending increasing by 5.3% to a record $40.62.
- Paid pass sales increased by approximately 10% during the quarter and 12% through April 30, 2026, indicating strong demand.
- Advanced bookings revenue for Discovery Cove and group business are outpacing 2025 levels, with Discovery Cove bookings up by a double-digit percentage.
- The company repurchased approximately 2.6 million shares for nearly $93 million, demonstrating strong cash flow generation and commitment to returning excess cash to shareholders.
- United Parks & Resorts Inc (PRKS) is implementing various technology initiatives, including AI-powered camera technology and autonomous cleaning robots, to improve revenue, reduce costs, and enhance guest experience.
- First-quarter results fell short of expectations due to unfavorable weather and a decline in international attendance, impacting approximately 220,000 guests.
- Total revenue decreased by $8.7 million compared to the first-quarter of 2025, primarily due to a decrease in attendance.
- Operating expenses increased by $10 million, driven by non-cash self-insurance adjustments and non-recurring consulting costs.
- The company reported a net loss of $34.1 million for the first-quarter, compared to a net loss of $16.1 million in the first-quarter of 2025.
- Adjusted EBITDA decreased by $9.5 million compared to the first-quarter of 2025, due to lower revenue and increased expenses.
Thank you for standing by. My name is Tina, and I will be your conference operator today. At this time, I would like to welcome everyone to the United Parks first-quarter 2026 earnings conference call. (Operator Instructions)
It is now my pleasure to turn the call over to Matthew Stroud, Investor Relations. Please go ahead.
Thank you, and good morning, everyone. Welcome to United Parks & Resorts first-quarter earnings conference call. Today's call is being webcast and recorded. A press release was issued this morning and is available on our Investor Relations website at www.unitedparksinvestors.com. Replay information for this call can be found in the press release and will be available on our website following the call.
Joining me this morning are Marc Swanson, Chief Executive Officer; and Jim Forrester, Interim Chief Financial Officer and Treasurer. This morning, we will review
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
