United Parks & Resorts Q1 revenue falls 3.5% to $286.9 million; net loss widens
United Parks & Resorts reported first quarter 2025 results, with total revenue of $286.9 million, down 3.5% from a year earlier, and a net loss of $16.1 million, compared with $11.2 million in the first quarter of 2024. The company attributed the weaker results mainly to the shift of Easter and Spring Break from the first quarter into the second, and CEO Marc Swanson said the company continues to expect new records in revenue and Adjusted EBITDA in 2025.
Key points
- Total revenue was $286.9 million, down $10.5 million or 3.5%, and attendance was 3.4 million guests, down 1.7%.
- Net loss was $16.1 million, or $0.29 per diluted share, compared with $11.2 million, or $0.17 per diluted share, a year earlier.
- Adjusted EBITDA was $67.4 million, down $11.7 million or 14.8%; net cash from operating activities was $25.7 million, down from $71.4 million.
- April 2025 attendance rose 8.1% compared with April 2024, and the company said it continues to expect new records in revenue and Adjusted EBITDA in 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:55 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 12, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.