Half Year Results Show Positive Development for SeaWorld Group
Following the upwards trend of this year’s first quarter results (c.f. EAP news from May 9th, 2018), SeaWorld Entertainment recently presented its figures for Q2 2018, showing continued growth.
Compared to the second quarter 2017, total revenues increased by 18.2 million US Dollar (15.7 million Euro) or 4.9 percent up to 391.9 million US Dollar (339.3 million Euro). About 300,000 more visitors came to the group’s related parks, a plus of 4.8 percent, reaching a total of 6,4 million guests in Q2 2018. With 22.7 million US Dollar (19.7 million Euro), the company achieved a positive net income – in Q2 2017 it registered a net loss of 175.9 million US Dollar (152.3 million Euro).
These figures result in increased total revenues by 49 million US Dollar (42.4 million Euros) up to 609.1 million US Dollar (527.3 million Euro) in the first half of fiscal year 2018. The attendance rose by eight percent or 700,000 visitors up to 9.6 million visitors. The group’s net loss was 40.1 million US Dollar (34.7 million Euro), in the first half of 2017 it amounted to 237 million US Dollar (34.7 million Euro). The Adjusted EBITDA shows a plus of 43.6 million US Dollar or 59.1 percent compared to the same time period in 2017.
