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United Parks Loss Widens as Geopolitics Weigh on Visitor Numbers

Bloomberg.com·Judy Lagrou·21 days ago
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Shares of United Parks and Resorts Inc. fell after it reported a bigger-than-expected quarterly loss on Monday as attendance slipped due to fewer international visitors and unfavorable weather at its SeaWorld, Busch Gardens and Sesame Place theme parks.

The Orlando, Florida-based company postedBloomberg Terminal a loss of $0.69 per share for the first quarter, wider than the $0.30 loss analysts expected and more than double the $0.29 per share loss a year ago. Revenue dropped for a seventh consecutive quarter to $278.3 million, missing the consensus estimate of $280.5 million.

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