12 AUG 2019: SeaWorld Entertainment CEO Gus Antorcha said a number of factors contributed to the favourable results of increased attendance, revenue and net income at the Parks for the second quarter of 2019.  The company offered a new ride, attraction and/or event at almost all of its Parks this year and guest reception has been positive.   

Antorcha said, “Our exciting summer events are currently in full swing including our one-of-a-kind Sesame Parade in Orlando, San Diego and San Antonio, our award winning Electric Ocean event at each of our SeaWorld parks and our Summer Nights event at each of our Busch Gardens parks, giving our guests even more reasons to visit."

Second Quarter 2019 Highlights

Attendance increased by 0.8%, to 6.5 million guests from the second quarter of 2018.

Total revenue increased by 3.6%, to $406.0 million from the second quarter of 2018.

Net income increased by 132.0%, to $52.7 million from the second quarter of 2018.

Adjusted EBITDA (measure of the company’s operating performance) increased by 22.7% to $149.7 million from the second quarter of 2018.

First Six Months 2019

Highlights Attendance increased by 1.7%, to 9.8 million guests from 2018.

Total revenue increased by 2.9%, to $626.6 million from 2018. Net income was $15.6 million, compared to a net loss of $40.1 million in 2018.

Adjusted EBITDA increased by 33.6%, to $166.1 million from 2018.

Other Highlights

As previously announced, the Company repurchased approximately 5.6 million shares of common stock in the second quarter of 2019.

The Company announced an increase in its authorization to buy back shares to $250 million.

In the second quarter of 2019, the Company helped rescue over 780 animals and surpassed 35,000 total rescues over its history.


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