Filing Flows › United Parks & Resorts (PRKS) › Q1 2025
United Parks & Resorts (PRKS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
United Parks & Resorts (PRKS) reported revenue of $287M for the first quarter 2025 (Q1 2025), -4% from a year earlier and -25% from the quarter before. Operating margin was 5.9%, net loss $16.1M (5.6% of revenue).
United Parks & Resorts, Q1 2025: revenue $287M (-4% year over year), operating margin 5.9%, net loss $16.1M, operating cash flow $25.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $287M | -25% | -4% |
| Operating profit | $16.9M | — | — |
| Net earnings | −$16.1M | — | — |
| Operating cash flow | $25.7M | -77% | -64% |
What changed
Revenue was $286.9M in Q1 2025, down 4% year over year and down 25% from the previous quarter. Admission was the largest line at 54% of revenue. Admission lost $9.7M year over year (down 6%), 93% of the total change.
Operating profit was $16.9M, a 5.9% margin (down 1.6 points year over year). Total costs fell 2% while revenue fell 4%. The quarter ended with a net loss of $16.1M, after a profit of $27.9M the previous quarter. Net interest and other expense of $34.1M was the main reason.
Operating cash flow was $25.7M (down 64% year over year). Non-cash charges added back $41.7M of depreciation and amortization and $4.2M of share-based compensation. Working capital and other items used $4.1M. Capital expenditures of $56.9M exceeded it, leaving free cash flow of −$31.2M.
Questions
What was United Parks & Resorts' revenue in the first quarter 2025?
United Parks & Resorts (PRKS) reported revenue of $287M for the first quarter 2025 (Q1 2025), -4% from a year earlier and -25% from the quarter before.
Was United Parks & Resorts profitable in the first quarter 2025?
Operating profit was $16.9M (5.9% of revenue) and net loss $16.1M.