United Parks Q1 revenue falls 3% due to unfavorable weather in San Diego, Florida

United Parks & Resorts

11/05/2026 12:01

Overview

US theme park operator's Q1 revenue declined 3% yr/yr, slightly missing analyst expectations

Q1 adjusted EBITDA fell 14% yr/yr, missing analyst estimates

Company repurchased 2.6 mln shares in Q1, plus 1.8 mln shares after quarter-end

Outlook

Company says advanced bookings revenue for Discovery Cove and group business outpacing 2025 levels

United Parks expects new rides, attractions and marketing to drive attendance and guest spending

Company remains committed to delivering growth in revenue and Adjusted EBITDA in 2026

Result Drivers

WEATHER AND INTERNATIONAL VISITATION - Co said unfavorable weather in San Diego, Florida, and Texas and a decline in international attendance reduced Q1 attendance and revenue

IN-PARK SPENDING - In-park per capita spending rose 5.3% to a record $40.62, driven by increased demand for in-park offerings

ADMISSION PRICING AND MIX - Admission per capita decreased 0.5% due to lower realized pricing on certain admission products and changes in the admissions product mix

Company press release: ID:nPn6FlKCDa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
$278.30 mln
$279.95 mln (10 Analysts)
Q1 EPS
-$0.69
Q1 Net Income
-$34.10 mln
Q1 Adjusted EBITDA
Miss
$58 mln
$62.27 mln (10 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the leisure & recreation peer group is "buy"

Wall Street's median 12-month price target for United Parks & Resorts Inc is $45.00, about 14.7% above its May 8 closing price of $39.22

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)