United Parks & Resorts Reports Decline in Q3 2025 Revenue and Net Income

United Parks & Resorts Inc. reported a decline in financial performance for the third quarter of 2025, with total revenues of $511.9 million, down 6.2% from $545.9 million in the same period last year. The decrease was primarily driven by a 9.5% drop in admissions revenue, which fell to $268.7 million from $297.0 million. The company attributed this decline to a decrease in attendance, which dropped by approximately 240,000 guests, or 3.4%, compared to the prior year, largely due to unfavorable calendar shifts and reduced international visitation. Net income for the quarter was $89.3 million, a 25.4% decrease from $119.7 million in Q3 2024.

For the nine months ending September 30, 2025, United Parks & Resorts reported total revenues of $1.29 billion, down 3.9% from $1.34 billion in the same period of 2024. Admissions revenue for the nine-month period decreased by 6.4% to $680.5 million, while food, merchandise, and other revenue saw a slight decline of 0.9% to $608.5 million. The company’s net income for the nine months was $153.3 million, down 23.2% from $199.6 million in the previous year. The decline in both revenue and profitability was attributed to lower attendance and admission per capita, which fell by 4.9% to $41.46.

Operationally, the company reported a total attendance of 6.79 million for the third quarter, compared to 7.03 million in the same quarter of 2024. In-park per capita spending increased slightly by 1.1% to $35.82, indicating that while fewer guests visited, those who did spent more on average. The company also noted an increase in operating expenses, which rose by 3.4% to $214.4 million, driven by higher labor-related costs and non-cash self-insurance adjustments.

Strategically, United Parks & Resorts has been active in share repurchase programs, having repurchased 100,000 shares for approximately $4.6 million during the nine months ended September 30, 2025. The company has also announced a new $500 million share repurchase program in September 2025, indicating a commitment to returning value to shareholders. Looking ahead, the company remains focused on improving operational efficiencies and enhancing guest experiences, despite ongoing challenges in the labor market and competitive landscape. The management expressed cautious optimism about future performance, contingent on improving attendance and spending trends.