SeaWorld attendance still lags pre-COVID times. So why did it just report record revenues? [Los Angeles Times (CA)]
SeaWorld Entertainment, Inc. (SEAS)
Last seaworld entertainment, inc. earnings: 2/26 06:30 am
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Source: Los Angeles Times
during the second quarter even as attendance at its parks remains behind pre-COVID levels. Total revenue grew to nearly $505 million — an increase of $65 million, or 14.8%, from the second quarter of 2021. Although it's not surprising to see growth over the previous year, when many of the parks were still in the early stages of reopening, this year's quarterly revenue also exceeded the second quarter of 2019 by $98.8 million, or 24.3%, the company said. The increased revenue was driven largely by higher admission pricing, as well as more robust spending inside the parks on such things as food and merchandise. Per-capita admission and in-park spending reached record levels during the second quarter, which ended June 30, well ahead of 2019, the company said. The admission and concession spending on a per-capita basis were up by a healthy 24.8% and 32.8%, respectively. Because many of SeaWorld's parks were still in the throes of capacity limitations a year earlier due to pandemic
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SEAS
Earnings
- 11/8/23 - In-Line
SEAS
Sec Filings
- 2/13/24 - Form SC
- 2/13/24 - Form 8-K
- 2/13/24 - Form SC
- SEAS's page on the SEC website