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AI brief of an SEC Form 8-K · United Parks & Resorts (PRKS)

United Parks & Resorts Q4 2025 net income falls 46% as revenue dips 2.8%

Negative Impact 3 of 5 earnings Written later

United Parks & Resorts reported fourth-quarter 2025 revenue of $373.5 million, down 2.8%, and net income of $15.1 million, down 46%, which included a one-time non-cash bad debt write-off of $7.6 million. For fiscal 2025, revenue was $1.7 billion, down 3.6%, and net income was $168.4 million, down 26.0%. CEO Marc Swanson said results did not meet expectations and pointed to cost management and 2026 attendance initiatives.

Key points

  • Q4 2025 attendance was 4.8 million guests, down 2.6%, while in-park per capita spending rose 2.1% to a record $35.89.
  • Q4 2025 diluted EPS was $0.28 versus $0.50 a year earlier; adjusted EBITDA was $115.2 million, down 20.3%.
  • Fiscal 2025 diluted EPS was $3.06 versus $3.79; adjusted EBITDA was $605.1 million, down 13.6%.
  • The company repurchased about 6.7 million shares in 2025 and through February 24, 2026, about 12% of shares outstanding.

The filing

CompanyUnited Parks & Resorts (PRKS)
Form8-K, current report
Filed with the SECFeb 26, 2026, 6:46 AM ET
Accession number0001193125-26-073334

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

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 February 26, 2026.

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.