United Parks & Resorts has reported its financial results for the fourth quarter and fiscal year 2024.
The theme park and entertainment company reported decreased attendances, total revenue and net income during the fourth quarter of 2024 compared to the fourth quarter of 2023.
Total revenue per capita increased as well as in-park per capita spending; the former by 0.4 per cent and the latter by 3.5 per cent. Throughout the entire fiscal 2024, attendance dropped to 21.5 million, a slight reduction of 0.3 per cent compared to the previous fiscal 2023.
Total revenue and net income also saw slight decreases compared to the same period with a drop of 0.1 per cent and 2.9 per cent respectively.
“We are pleased to report another quarter and fiscal year of strong financial results,” said Marc Swanson, CEO of United Parks & Resorts, Inc.
"In the fourth quarter, we delivered near-record attendance, record in park per capita and near record total revenue per capita despite particularly poor weather impacting the quarter.
“For the full year, we delivered near-record revenue, record in park per capita and record total revenue per capita despite unfavourable weather during the year.
"We have now grown in park per capita for 18 of the last 19 quarters and total revenue per capita for seven straight years. Our revenue strategies are working and continue to demonstrate our pricing power and the strength of consumer spending in our parks.”
