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United Parks & Resorts (PRKS) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · United Parks & Resorts (PRKS) Q3 2026 earnings results →

Q3 2026 Revenue down 1% year over year to $506M · 16¢ of every $1 of revenue kept as net profit · operating margin 27.8%

United Parks & Resorts made $506M in Q3 2026 (-1% Y/Y): Admission $265M, Food Merchandise and Other Revenue $242M. Operating margin 27.8%, net earnings $80.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.

Revenue$506M
Year over year-1%
Operating margin27.8%
Net earnings$80.0M
Operating cash flow$93.2M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $506.5M in Q3 2026, down 1% year over year and up 5% from the previous quarter. Admission was the largest line at 52% of revenue. Admission lost $4.0M year over year (down 2%), 75% of the total change.

Operating profit was $140.6M, a 27.8% margin (down 1.9 points year over year). Total costs grew 2% against a revenue fall of 1%. The fastest-growing cost line was SG&A (+13%). Net earnings were $80.0M, down 10% year over year. The effective tax rate was 26.6%.

Operating cash flow was $93.2M (down 2% year over year), 117% of net earnings. Non-cash charges added back $45.8M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items used $37.8M. After capital expenditures ($69.7M), free cash flow as the company reports it was $23.5M.

Quarterly history

United Parks & Resorts revenue by quarterUnited Parks & Resorts revenue by quarter$287MQ1 2025$490MQ2 2025$512MQ3 2025$374MQ4 2025$278MQ1 2026$483MQ2 2026$506MQ3 2026
United Parks & Resorts net earnings by quarterUnited Parks & Resorts net earnings by quarter−$16.1MQ1 2025$80.1MQ2 2025$89.3MQ3 2025$15.1MQ4 2025−$34.1MQ1 2026$63.3MQ2 2026$80.0MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 6, 2026$506M-1%27.8%$80.0M$93.2M
Q2 202610-QAug 7, 2026$483M-1%24.2%$63.3M$170M
Q1 202610-QMay 11, 2026$278M-3%-3.1%−$34.1M$66.8M
Q4 202510-KMar 3, 2026$374M-3%15.1%$15.1M$78.4M
Q3 202510-QNov 7, 2025$512M-6%29.6%$89.3M$94.8M
Q2 202510-QAug 8, 2025$490M-2%28.7%$80.1M$181M
Q1 202510-QMay 12, 2025$287M-4%5.9%−$16.1M$25.7M

Charts

United Parks & Resorts: revenue growth, year over year and quarter over quarterUnited Parks & Resorts: revenue growth, year over year and quarter over quarterY/YQ/Q-4%Q1 2025-2%+71%Q2 2025-6%+4%Q3 2025-3%-27%Q4 2025-3%-25%Q1 2026-1%+74%Q2 2026-1%+5%Q3 2026
Latest (Q3 2026): Y/Y -1%, Q/Q +5%.
United Parks & Resorts: where the cash came from (+) and went (−), TTM to Q3 2026United Parks & Resorts: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$408MBuybacks−$364MCapital spending−$258MCash drawn (+) / kept (−)$195MOther financing$39.0MNet borrowing (+) / repaid (−)−$15.4MTaxes on employees’ shares−$3.2MOther investing−$1.1MShares issued$331K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
United Parks & Resorts: profit against cash, quarter by quarterUnited Parks & Resorts: profit against cash, quarter by quarterNet incomeOperating cash flow$27.9M$112MQ4 2024−$16.1M$25.7MQ1 2025$80.1M$181MQ2 2025$89.3M$94.8MQ3 2025$15.1M$78.4MQ4 2025−$34.1M$66.8MQ1 2026$63.3M$170MQ2 2026$80.0M$93.2MQ3 2026
Latest (Q3 2026): Net income $80.0M, Operating cash flow $93.2M.
United Parks & Resorts: diluted shares by fiscal yearUnited Parks & Resorts: diluted shares by fiscal year78MFY202080MFY202170MFY202264MFY202360MFY202455MFY2025
-29.7% since FY2020: buybacks shrank the count.
United Parks & Resorts: long-term debt falling due (FY2025)United Parks & Resorts: long-term debt falling due (FY2025)$15.4M2026$15.4M2027$15.4M2028$740M2029$15.4M2030$1.4BLater
Cash $99.8M, short-term investments —, long-term debt — at 2025-12-31.
United Parks & Resorts in its industry: growth against margin (18 companies, SIC 7990)United Parks & Resorts in its industry: growth against margin (18 companies, SIC 7990)revenue growth, year over year →↑ operating marginmedian +7%median 4%DISDKNGSTUBRSIMTNPRSUMSGESEATXPOFMSGKSEGBUKSMSGRFBYDTBTCPRKALIMXPRKS (-1%, 28%)
Services-Miscellaneous Amusement & Recreation; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About United Parks & Resorts

We are a leading theme park and entertainment company providing experiences that matter and inspiring guests to protect animals and the wild wonders of our world. We own or license a portfolio of recognized brands including SeaWorld, Busch Gardens, Aquatica, Discovery Cove and Sesame Place. Over our more than 65-year history, we have developed a diversified portfolio of 13 differentiated theme parks that are grouped in key markets across the United States and in the United Arab Emirates. Many of our theme parks showcase our one-of-a-kind zoological collection and feature a diverse array of both thrill and family-friendly rides, educational presentations, shows and/or other attractions with broad demographic appeal which deliver memorable experiences and a strong value proposition for our guests.

In its own words, from its 10-K, filed Mar 3, 2026.

United Parks & Resorts against its Services-Miscellaneous Amusement & Recreation peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -1% against the peers' median +7%. Operating margin: 27.8% against the peers' median 4.5%.

CompanyQuarterRevenueY/YOp. margin
PRKS United Parks & ResortsQ3 2026$506M-1%27.8%
DIS Walt DisneyQ3 FY26$25.2B+7%22.0%
DKNG DraftKingsQ3 2026$1.3B+16%-37.1%
STUB StubHub HoldingsQ2 2026$573M+33%3.4%
RSI Rush Street InteractiveQ3 2026$386M+39%11.1%
MTN Vail ResortsQ4 FY26$278M+2%-75.1%
PRSU Pursuit Attractions & HospitalityQ3 2026$252M+4%45.0%
MSGE Madison Square Garden EntertainmentQ1 FY27$217M+37%4.5%
SEAT Vivid SeatsQ2 2026$104M-9%-13.8%

Source: United Parks & Resorts 10-Q on SEC EDGAR · CIK 1564902 · Services-Miscellaneous Amusement & Recreation

Guidance and outlook

United Parks & Resorts: what its forward-looking statements are about (10-Q filed 2026-11-06)United Parks & Resorts: what its forward-looking statements are about (10-Q filed 2026-11-06)Financing3Costs1Buybacks & dividends1Capital spending1People1
7 statements; tone +0.14 (−1 all cautious, +1 all confident); 1 hedged.
United Parks & Resorts: outlook statements against the filing beforeUnited Parks & Resorts: outlook statements against the filing beforeConfident1

13F: who owns PRKS and who is buying

Largest holders of PRKS (13F)Largest holders of PRKS (13F)Hill Path Capital LP$1.3BNomura Holdings$213MBlackRock$172MVanguard Group$103MVoss Capital, LP$79.7MGoldentree Asset Management LP$64.8MHawk Ridge Capital Management LP$56.4MUBS Group AG$56.4MVanguard Portfolio Management LLC$53.0MGoldman Sachs Group$50.1M
Funds' net buying of PRKS by quarter (13F)Funds' net buying of PRKS by quarter (13F)$5.3M2024-09−$98.1M2024-12$24.1M2025-03−$242M2025-06$334M2025-09−$71.2M2025-12−$19.1M2026-03−$151M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on PRKS

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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