USA: SeaWorld Entertainment Reports FY 2019 Results

For its past fiscal year 2019, SeaWorld Entertainment reports continued growth in terms of park attendance and revenues with 22.6 million guests at their related theme and water parks and a turnover of 1.4 billion US Dollar (approx. 1.26 billion Euro), corresponding to respective growth rates of 0.2 percent and 1.9 percent compared to 2018 (cf. EAP News f. 5 Mar 2019). Net income jumped by 44.7 million US Dollar (40.3 million Euro) or 99.8 percent to a record 89.5 million US Dollar (80.8 million Euro), the Adjusted EBITDA increased by 13.9 percent to 456.9 million US Dollar (412.2 million Euro) compared to 2018.

„We are pleased to report a strong finish to the year with record-setting performance in the fourth quarter and fiscal year. […] Our strategic focus on new rides, attractions and events in every park every year, improved marketing, communications and pricing strategies and a relentless focus on cost efficiency initiatives has resulted in significant increases in attendance, revenue, and Adjusted EBITDA over the last two years. […] With respect to 2020, we could not be more excited about our ride, attraction and event line up – it will be our strongest line up ever. We will be introducing one-of-a-kind, record-breaking roller coasters across our five major theme parks and thrilling, record-breaking new slides across our water parks this year […],” comments Serge Rivera, CEO of SeaWorld Entertainment since November 2019 (cf. EAP News f. 11 Nov 2019).

Read how European theme and amusement parks have closed the 2019 season in our Park Report in our current magazine issue no. 2/2020. (eap)