Today, SeaWorld reported their earnings for the third quarter of 2015. Although it may not completely look like it, the numbers are good news for the company, which has struggled recently due to recent negative publicity from organizations such as PETA and the documentary Blackfish (Speaking of Blackfish, we’ve got a great article from a guest writer about how it’s inaccurate).
The numbers for the quarter were pretty good overall. Third quarter revenue increased from $495.8 million last year to $496.9 million this year. The EBITDA for the third quarter also increased from $209.1 million last year to $217.5 million this year. The net income increased for the third quarter from $87.2 million in 2014 to $98 million in 2015.
Attendance decreased 0.4% in the third quarter due to declines in attendance at SeaWorld San Diego and SeaWorld San Antonio. To counteract these declines, SeaWorld’s other parks saw increases in attendance. The third quarter attendance this year was 8.371 million compared to 8.405 million last year. Although some made this out to be a drastic change, it is a normal level of change for a park. It’s nothing to worry about.
For the first nine months of the year, attendance was slightly higher than it was last year. It increased from 18.034 million visitors last year to 18.063 million this year. Again, this is a great sign for the company as a whole.
Although there were several positives in the earnings report, the largest negative was the projected EBITDA for the year. It was decreased to $360-370 million from about $370 million.
Overall, the report shows positive growth from the company this quarter. Attendance is up in the majority of the parks and revenue is up for the third quarter. The stock for the company has been shaky recently, but hopefully this signals positive growth in the future. You can view the full report here.
Although it was interesting to hear the company’s third quarter numbers, what truly interests me is what will be announced on Monday. On November 9th, the company will announce their new long term plan. It will definitely be interesting to hear what the company announces.
Disney also reported their earnings today. Unfortunately, I did not have enough time to write an article about them, but you can view one here.
Do you think SeaWorld’s numbers this quarter signal growth in the coming years? Let us know by commenting below! Also, be sure to follow us on Instagram, Facebook, and Twitter! You can also find us on Periscope, YouTube, Google+, and Tumblr!