United Parks Loss Widens as Geopolitics Weigh on Visitor Numbers
Trained orcas jump out of the water during a show at the SeaWorld amusement park in Orlando, Florida.
Photographer: Zack Wittman/BloombergShares of United Parks and Resorts Inc. fell after it reported a bigger-than-expected quarterly loss on Monday as attendance slipped due to fewer international visitors and unfavorable weather at its SeaWorld, Busch Gardens and Sesame Place theme parks.
The Orlando, Florida-based company posted a loss of $0.69 per share for the first quarter, wider than the $0.30 loss analysts expected and more than double the $0.29 per share loss a year ago. Revenue dropped for a seventh consecutive quarter to $278.3 million, missing the consensus estimate of $280.5 million.