NEWS
SeaWorld in buoyant mood despite inclement weather after strong Q4
POSTED 26 Feb 2020 . BY Andy Knaggs
SeaWorld plans to introduce a number of new rides and attractions in 2020 Credit: Shutterstock
We could not be more excited about our ride, attraction and event line up
– Serge Rivera
SeaWorld Entertainment says it has bounced back from a disappointing Q3 in 2019, with strong Q4 and overall year figures.

The third quarter of the year was affected by bad weather conditions, including Hurricane Dorian, which alone caused a loss of about 90,000 visits to the company's Florida park. The weather in Q4 was also unfavourable, but SeaWorld was still able to grow its attendance and total revenue per capita during the period, it said.

Attendance in Q4 was up 2.2 per cent on Q4 2018, reaching 4.7 million guests. Over the year, attendance increased by 0.2 per cent to 22.6 million guests.

Total revenue increased by US$18m (€16.6m, £13.9m) in Q4, and US$26m (€23.9m, £20.1m) over the year, reaching US$1.4bn (€1.29bn, £1.08bn). Although there was a net loss in Q4 of US$13.1m (€12.1m, £10.1m), for the entire year, SeaWorld achieved a net income increase of US$89.5m (€82.3m, £69.3m), which is almost double that of 2018.

The company's adjusted earnings for 2019 were US$456.9m (€420m, £354m), an increase of 13.9 per cent on 2018. It has set a target of achieving between US$475m (€437m, £368m) and US$500m (€460m, £387m) in Adjusted EBITDA in 2020.

Commenting on the firm's first financial results since he became CEO late last year, Serge Rivera said a strategic focus on new rides, attractions and events, improved marketing communications and pricing strategies, and cost efficiency initiatives, was behind the results.

He continued: "We continue to believe there are significant additional opportunities to further improve and enhance our execution and drive meaningful growth in revenue, net income and Adjusted EBITDA.

"With respect to 2020, we could not be more excited about our ride, attraction and event line up – it will be our strongest line up ever. We will be introducing one-of-a-kind, record-breaking roller coasters across our five major theme parks and thrilling, record-breaking new slides across our water parks this year."
 


CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2020

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
 
Leisure Management - SeaWorld in buoyant mood despite inclement weather after strong Q4...
06 Apr 2020 Leisure Management: daily news and jobs
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

26 Feb 2020

SeaWorld in buoyant mood despite inclement weather after strong Q4
BY Andy Knaggs

SeaWorld plans to introduce a number of new rides and attractions in 2020

SeaWorld plans to introduce a number of new rides and attractions in 2020
photo: Shutterstock

SeaWorld Entertainment says it has bounced back from a disappointing Q3 in 2019, with strong Q4 and overall year figures.

The third quarter of the year was affected by bad weather conditions, including Hurricane Dorian, which alone caused a loss of about 90,000 visits to the company's Florida park. The weather in Q4 was also unfavourable, but SeaWorld was still able to grow its attendance and total revenue per capita during the period, it said.

Attendance in Q4 was up 2.2 per cent on Q4 2018, reaching 4.7 million guests. Over the year, attendance increased by 0.2 per cent to 22.6 million guests.

Total revenue increased by US$18m (€16.6m, £13.9m) in Q4, and US$26m (€23.9m, £20.1m) over the year, reaching US$1.4bn (€1.29bn, £1.08bn). Although there was a net loss in Q4 of US$13.1m (€12.1m, £10.1m), for the entire year, SeaWorld achieved a net income increase of US$89.5m (€82.3m, £69.3m), which is almost double that of 2018.

The company's adjusted earnings for 2019 were US$456.9m (€420m, £354m), an increase of 13.9 per cent on 2018. It has set a target of achieving between US$475m (€437m, £368m) and US$500m (€460m, £387m) in Adjusted EBITDA in 2020.

Commenting on the firm's first financial results since he became CEO late last year, Serge Rivera said a strategic focus on new rides, attractions and events, improved marketing communications and pricing strategies, and cost efficiency initiatives, was behind the results.

He continued: "We continue to believe there are significant additional opportunities to further improve and enhance our execution and drive meaningful growth in revenue, net income and Adjusted EBITDA.

"With respect to 2020, we could not be more excited about our ride, attraction and event line up – it will be our strongest line up ever. We will be introducing one-of-a-kind, record-breaking roller coasters across our five major theme parks and thrilling, record-breaking new slides across our water parks this year."



Connect with
Leisure Management
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
XpresSpa in talks to offer airport spas as coronavirus testing facilities
XpresSpa in talks to offer airport spas as coronavirus testing facilities   03 Apr 2020

Airport spa operator XpresSpa is joining the efforts to combat coronavirus by offering its airport locations to the US government as testing .... more>>
Could fitness wearables act as early detection devices in fight against coronavirus?
Could fitness wearables act as early detection devices in fight against coronavirus?   03 Apr 2020

One of the factors that has made the coronavirus outbreak so severe across the globe is that some of those infected do not show any symptoms, .... more>>
First glimpses of urban spa at world’s first super-boutique hotel
First glimpses of urban spa at world’s first super-boutique hotel   03 Apr 2020

After seven years and a £300m investment, super-boutique hotel, The Londoner, is taking shape in the heart of the UK’s capital city. Originally .... more>>
At Home with Six Senses launches to foster resilience during coronavirus shutdown
At Home with Six Senses launches to foster resilience during coronavirus shutdown   02 Apr 2020

Six Senses is launching a content portal to help consumers remain solution-oriented, by supporting their physical and mental wellbeing and resilience .... more>>
Headspace offers US healthcare professionals free access to mindfulness app
Headspace offers US healthcare professionals free access to mindfulness app   02 Apr 2020

Mindfulness app provider, Headspace, is making a bid to support US-based healthcare professionals curb anxiety and stress during the coronavirus .... more>>
Two-thirds of world's gyms currently closed – 230 million members unable to attend
Two-thirds of world's gyms currently closed – 230 million members unable to attend   02 Apr 2020

Nearly two thirds (64 per cent) of the world’s health and fitness clubs are currently closed either by decree or by voluntary arrangement. The .... more>>
Company profile


Painting With Light

By combining lighting, video, scenic and architectural elements, sound and special effects we tell stories, create emotion and give your audience an experience that they will always remember.

View full profile>>

Catalogue gallery


Featured Supplier

RKF Luxury Linen collaborates with CODAGE Paris

RKF Luxury Linen collaborates with CODAGE Paris

RKF Luxury Linen, a creator of the finest linen for spas and cosmetic brands, has announced a new collaboration with French cosmetic brand CODAGE Paris. More>>




in this issue

• Leisure Media launches news feeds
• Les Mills launches free digital workouts
• Drake's Island to reopen as museum



Latest jobs

Jobs Search



Recruitment Manager
Salary: Competitive
Location: South East, UK
Company: Merlin Entertainments Group
Curator
Salary: Competitive
Location: Orlando, Florida, USA
Company: Sea Life
Personal Trainer
Salary: Self Employed
Location: Wolverhampton, UK
Company: Xercise4Less
Diary dates
Powered by leisurediary.com




05-06 Apr 2020

The International Congress of Esthetics and Spa - Dallas

Hilton Anatole Dallas, Dallas, United States



Leisure Management magazine 2018 issue 1
Leisure Management
2018 issue 1

View issue contents
View on turning pages
Download PDF
  Restaurants: Sharing the love
Famous restaurants are popping up in unexpected places. We found out more More>>
  Tourism: High flyers
How bmi and Projekt Spielberg are growing British tourism to Graz More>>


Leisure Management magazine 2016 issue 1

Leisure Management
2016 issue 1

View issue contents
View turning pages
Download PDF
  Social good: Winds of change
Learn about the Change Foundation and the opportunities it creates More>>
  Thermal Spa: Taking the waters
Magali Robathan met the key people behind the Gainsborough Bath Spa More>>


Published by The Leisure Media Company Ltd Portmill House, Portmill Lane, Hitchin, Herts SG5 1DJ. Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd