United Parks & Resorts reported third quarter 2026 results that missed analyst expectations on both the top and bottom lines, primarily driven by a 4.7% decline in attendance. Management attributed the traffic decline to significantly unfavorable weather, calendar shifts, and a reduction in low-margin promotional offerings, though record in-park spending and strong season pass trends provided some offset.
Key Highlights
- Total revenue reached $506.5 million, missing the consensus estimate of $512.15 million.
- Diluted EPS of $1.74 fell short of the $1.88 anticipated by analysts.
- Attendance dropped to 6.47 million guests, with approximately 325,000 visits lost to unusual headwinds including hurricanes.
- In-park per capita spending hit a record $37.39, a 4.4% increase year-over-year, driven by pricing initiatives and higher penetration.
- Future demand indicators remain healthy, with the 2027 season pass base up more than 15% as of October 31, 2026.