PRKS

EX-99.1

2 prks-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

United Parks & Resorts Inc. Reports First Quarter 2026 Results

ORLANDO, FL, May 11, 2026 - United Parks & Resorts Inc. (NYSE: PRKS), a leading theme park and entertainment company, today reported its financial results for the first quarter of 2026.

First Quarter 2026 Highlights

• Attendance was 3.2 million guests, a decrease of approximately 171,000 guests from the first quarter of 2025.

• Total revenue was $278.3 million, a decrease of $8.7 million from the first quarter of 2025.

• Net loss was $34.1 million, a decrease of $17.9 million from the first quarter of 2025.

• Adjusted EBITDA[1] was $58.0 million, a decrease of $9.5 million from the first quarter of 2025.

• Total revenue per capita[2] increased 2.1% to $86.43 from the first quarter of 2025. Admission per capita[2] decreased 0.5% to $45.81 while in-park per capita spending[2] increased 5.3% to a record $40.62 from the first quarter of 2025.

Other Highlights

• In the first quarter, the Company repurchased approximately 2.6 million shares for an aggregate total of approximately $92.7 million. Subsequent to the end of the quarter through May 8, 2026, the Company has repurchased an additional approximately 1.8 million shares for an aggregate total of approximately $64.8 million.

• During the first quarter of 2026, the Company came to the aid of 211 animals in need in the wild. The total number of animals the Company has helped over its history is more than 43,000.

"First quarter results fell short of our expectations primarily due to unfavorable weather (including unfavorable weather in San Diego and Florida in January and February, and again in Florida and Texas during their peak Spring Break periods) and a decline in international attendance. Attendance in the first quarter was negatively impacted by approximately 140,000 guests due to weather and approximately 80,000 guests due to declines in international visitation. Adjusting for these impacts, attendance would have increased more than 1% for the quarter," said Marc Swanson, Chief Executive Officer of United Parks & Resorts Inc.

"We delivered another quarter of strong in park execution, growing our in-park per capita and producing another quarter of record results. We also saw strong pass sales performance during the quarter with paid pass sales up approximately 10% during the quarter and up approximately 12% through April 30, 2026. Looking ahead, our advanced bookings revenue for Discovery Cove and our group business both currently outpacing 2025 levels with Discovery Cove up a double-digit percentage."

"We continue to strongly believe our stock is materially undervalued and, as such, continued to repurchase shares in the first quarter buying approximately 2.6 million shares for nearly $93 million. This action emphasizes the strong cash flow generation of this company, our long-standing commitment to returning excess cash to our shareholders and our belief that our shares are materially undervalued."

"As a reminder, for 2026, we have a truly great lineup of new rides, shows and attractions, an updated events calendar, an expanded concert lineup, and new and upgraded food and retail locations. All of this is supported by a revamped and enhanced marketing plan and strategy. We are confident these planned investments will drive attendance and guest spending across our parks."

"Despite the headwinds in the first quarter, we are encouraged by our forward indicators and remain committed to delivering strong financial performance and growth in revenue and Adjusted EBITDA in 2026. I want to thank our ambassadors, whose preparation and hard work are vital as we soon enter the busy summer period," concluded Swanson.

For 2026, the Company has something new and exciting across its parks. The Company's new rides and attractions include the following:

• SeaWorld San Antonio opened Barracuda Strike, Texas' First Inverted Family Coaster in March. This one-of-a-kind attraction invites guests of all ages to dive into the deep and experience the ocean's most agile predator like never before. With every twist, drop, and tight turn, Barracuda Strike will deliver a rush of excitement that's bold enough for thrill-seekers, yet built for the whole family.

[1] This earnings release includes Adjusted EBITDA, Covenant Adjusted EBITDA and Free Cash Flow which are financial measures that are not calculated in accordance with Generally Accepted Accounting Principles in the U.S. (“GAAP”). See “Statement Regarding Non-GAAP Financial Measures and Key Performance Metrics” section and the financial statement tables for the definitions of Adjusted EBITDA, Covenant Adjusted EBITDA and Free Cash Flow and the reconciliation of these measures for historical periods to their respective most comparable financial measures calculated in accordance with GAAP.

[2] This earnings release includes key performance metrics such as total revenue per capita, admiss

8-K

0001564902false00015649022026-02-262026-02-26

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 26, 2026

United Parks & Resorts Inc. (Exact name of Registrant as Specified in Its Charter)

Delaware

001-35883

27-1220297

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

6240 Sea Harbor Drive Orlando, Florida

32821

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (407) 226-5011

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.01 per share

PRKS

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition. On February 26, 2026, United Parks & Resorts Inc. (the “Company”) issued a press release announcing the results of the Company’s operations for the quarter and fiscal year ended December 31, 2025. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in this Item 2.02. The information in this Current Report on Form 8-K and Exhibit 99.1 is being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 7.01 Regulation FD Disclosure On February 26, 2026, the Company posted new written investor presentation materials on its investor relations website at https://www.unitedparksinvestors.com/events-and-presentations/default.aspx. The Company intends to use such materials from time to time in meetings with the investment community and for general marketing purposes. The information set forth under this Item 7.01 of this Current Report on Form 8-K shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 9.01 Financial Statements and Exhibits. (d) Exhibits

Exhibit No.

Description

99.1

Press release of United Parks & Resorts Inc., dated February 26, 2026, announcing results for the quarter and fiscal year ended December 31, 2025.

104

Cover page interactive data filed (embedded within the Inline XBRL document).

Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

UNTIED PARKS & RESORTS INC.

Date: February 26, 2026

By:

/s/ Daniel J. Bollinger

Name:

Daniel J. Bollinger

Title:

Associate General Counsel and Assistant Corporate Secretary

8-K

false000156490200015649022025-11-062025-11-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 6, 2025

United Parks & Resorts Inc. (Exact name of Registrant as Specified in Its Charter)

Delaware

001-35883

27-1220297

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

6240 Sea Harbor Drive Orlando, Florida

32821

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (407) 226-5011

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.01 per share

PRKS

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition. On November 6, 2025, United Parks & Resorts Inc. (the “Company”) issued a press release announcing the results of the Company’s operations for the third quarter ended September 30, 2025. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in this Item 2.02. The information in this Current Report on Form 8-K and Exhibit 99.1 is being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 9.01 Financial Statements and Exhibits. (d) Exhibits

Exhibit No.

Description

99.1

Press release of United Parks & Resorts Inc., dated November 6, 2025, announcing results for the quarter ended September 30, 2025.

104

Cover page interactive data filed (embedded within the Inline XBRL document).

Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

UNITED PARKS & RESORTS INC.

Date: November 6, 2025

By:

/s/ G. Anthony (Tony) Taylor

Name:

G. Anthony (Tony) Taylor

Title:

Chief Legal Officer, General Counsel and Corporate Secretary