United Parks Q2 revenue misses estimates on lower international visitation

United Parks & Resorts

04/08/2026 11:55

Overview
US theme parks operator's Q2 revenue declined 1.4% yr/yr, missing analyst expectations
Q2 adjusted EBITDA fell 5.2% and slightly missed analyst estimates
Company repurchased 3.3 mln shares for $125 mln in Q2

Outlook
Company sees strength in forward indicators for Discovery Cove and group business
Early forward booking ticket sales for Halloween events are ahead of last year
Result Drivers
EASTER HOLIDAY SHIFT - Co said Q2 results were impacted by an earlier Easter, which reduced holiday days in the quarter compared to prior year
INTERNATIONAL VISITATION - Co cited continued decline in international visitation as a factor in lower attendance
IN-PARK SPENDING - Record in-park per capita spending driven by pricing initiatives and higher penetration, per co

Company press release: ID:nPn9ZLBb1a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$483.30 mln
$492.12 mln (12 Analysts)
Q2 EPS
 
$1.34
 
Q2 Net Income
 
$63.30 mln
 
Q2 Adjusted EBITDA
Slight Miss*
$195.50 mln
$195.63 mln (11 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 "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 9 "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 $48.50, about 6.6% above its August 3 closing price of $45.51
The stock recently traded at 12 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.)