United Parks Q4 revenue slightly misses on decline in international visitors

United Parks & Resorts

26/02/2026 11:38

Overview

Theme park operator's Q4 revenue slightly missed analyst expectations

Adjusted EBITDA for Q4 missed analyst expectations

Company repurchased 3.9 mln shares in Q4, totaling $144.7 mln

Outlook

United Parks & Resorts expects Discovery Cove booking revenue to rise by high single digits

Company anticipates group booking revenue to increase over 50% in 2026

United Parks & Resorts sees sponsorship business as a $30 mln-plus revenue opportunity

Result Drivers

INTERNATIONAL VISITATION - Decline in international visitors contributed to lower attendance and revenue, per CEO Marc Swanson

IN-PARK SPENDING - Record in-park per capita spending indicates positive guest response to offerings

BAD DEBT EXPENSE - One-time non-cash write-off of bad debt expense affected net income and adjusted EBITDA

Company press release: ID:nPn772Z1ya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Miss*
$373.50 mln
$376.46 mln (11 Analysts)
Q4 EPS
$0.28
Q4 Net Income
$15.10 mln
Q4 Adjusted EBITDA
Miss
$115.20 mln
$128.15 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 "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "hold" and 1 "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 $42.50, about 25.9% above its February 25 closing price of $33.77

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 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.)