USA: SeaWorld Entertainment Reports Excellent Results for Q3 2021
Investors are encouraged by the financial results now reported for SeaWorld Entertainment Group’s third quarter and for the first nine months of the current fiscal year 2021. This third quarter saw a total attendance of 7.2 million guests at the group’s associated parks: 5.7 million more visitors than during the same period of 2020 (influenced by sharp pandemic-related restrictions) and only 0.9 million fewer visitors compared to 2019.
SeaWorld’s revenues, meanwhile, actually increased: Per capita revenue increased 23.7 percent to USD 72.13 (EUR 62.41) in Q3 2021 compared to 2019, and total revenue for the third quarter of the current fiscal year is USD 521.2 million (EUR 450.95 million), USD 415.1 million more than in 2020 and a 10 percent increase in revenue compared to the Q3 results for 2019.
Overall, SeaWorld Entertainment recorded total revenues of USD 1.1 billion (approx. EUR 980 million) for the past nine months of the current fiscal year, with a total of 15.2 million guests welcomed to its associated parks to date.
“I am pleased to report another quarter of strong financial results while continuing to operate in a highly challenging and Covid-19 impacted environment. In the third quarter, we generated among our highest revenue and net income ever reported and another quarter of Adjusted EBITDA. Our pricing and product strategies, along with the strong consumer demand environment, continued to drive higher realized pricing and strong guest spending in the quarter. […],” comments Marc Swanson, CEO of SeaWorld Entertainment. He continues: “Last week we concluded another successful Halloween season at our parks featuring our award-winning Halloween events, which contributed to meaningfully positive attendance and revenue growth in October compared to October 2019. Later this week we will begin our popular Christmas events at our SeaWorld, Busch Gardens and Sesame parks. [...] Looking ahead to 2022, we have announced what we believe is our most significant and exciting line-up of new rides, attractions, events and upgrades, including something new and meaningful in every one of our parks […].” (eap)
