Despite strong forward bookings and share repurchases, the fundamental decline in attendance and admission pricing suggests ongoing challenges. Traders should monitor whether the company's 2026 initiatives can reverse the downward trend in core revenue metrics.
Price Chart
Executive Summary
United Parks & Resorts reported declining financial performance for Q4 and full-year 2025, with revenue down 2.8% and 3.6% respectively, and net income down 46% and 26%. Despite record in-park spending and strong forward bookings, the company acknowledged results did not meet expectations due to international tourism trends, weather, and cost management issues.
Key Financial Metrics
Key Facts
- Q4 2025 revenue decreased 2.8% YoY to $373.5 million
- Full-year 2025 revenue decreased 3.6% YoY to $1.7 billion
- Q4 net income dropped 46% YoY to $15.1 million
- Full-year net income decreased 26% YoY to $168.4 million
- Admission per capita declined 4.3% for the year
- Company repurchased 6.7 million shares (12% of shares outstanding) through February 24, 2026
- 2026 group bookings pacing up over 50% and Discovery Cove advanced bookings up high single digits
Financial Impact
Revenue declined $62.7 million year-over-year with net income down $59.1 million
Risk Factors
- Continued decline in international visitation
- Ongoing challenges with cost management
- Dependence on tourism trends and weather conditions
- Failure to improve admission pricing despite new attractions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-073334 |
| Document: prks-20260226.htm | 0001193125-26-073334 |
| Document: 0001193125-26-073334-index-headers.html | 0001193125-26-073334 |
| Document: 0001193125-26-073334-index.html | 0001193125-26-073334 |
| Document: 0001193125-26-073334.txt | 0001193125-26-073334 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 22, 2026 4w ago | 8-K | $32.81 $32.40 | ▼ −1.25% | ▼ −0.57% | $30.68 (−6.49%) |
Aug 26, 2026 8w ago | Court Ruling | $42.49 $40.61 | ▼ −4.42% | ▼ −4.69% | $30.68 (−27.79%) |
Aug 4, 2026 11w ago | 8-K | $46.17 $44.14 | ▲ +4.40% | ▲ +4.30% | $30.68 (+33.55%) |
May 11, 2026 24w ago | 8-K | $36.53 $36.16 | ▲ +1.01% | ▲ +0.93% | $30.68 (+16.01%) |
Apr 30, 2026 25w ago | DEFA14A | $35.27 $39.22 | ▲ +11.20% | ▲ +8.85% | $30.68 (−13.01%) |
Feb 26, 2026 34w ago | 8-K | $36.00 $35.17 | ▲ +2.31% | ▲ +1.18% | $30.68 (+14.78%) |
US Market Status
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