Shares of United Parks & Resorts Inc. (PRKS) soared 5.66% in Wednesday's pre-market trading, outperforming the broader market. The theme park operator reported solid financial results for fiscal 2024 and provided an optimistic outlook for 2025, driving investor enthusiasm.
For the full year 2024, United Parks generated revenue of $1.73 billion, nearly flat compared to 2023, despite challenges from unfavorable weather conditions. Net income declined 2.9% to $227.5 million. However, the company highlighted continued growth in key metrics like in-park per capita spending, which hit a record $36.46, up 2% year-over-year.
Looking ahead, United Parks expressed confidence in its ability to drive significant operational and financial improvements in 2025. The company has an impressive lineup of new rides, attractions, and events planned across its parks, aiming to boost attendance and per capita spending further. Management expects meaningful growth in revenue and adjusted EBITDA for 2025, assuming normal weather conditions.
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