Filing Flows › United Parks & Resorts (PRKS) › Q3 2025
United Parks & Resorts (PRKS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
United Parks & Resorts (PRKS) reported revenue of $512M for the third quarter 2025 (Q3 2025), -6% from a year earlier and +4% from the quarter before. Operating margin was 29.6%, net earnings $89.3M (17.5% of revenue).
United Parks & Resorts, Q3 2025: revenue $512M (-6% year over year), operating margin 29.6%, net earnings $89.3M, operating cash flow $94.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $512M | +4% | -6% |
| Operating profit | $152M | +8% | -25% |
| Net earnings | $89.3M | +12% | -25% |
| Operating cash flow | $94.8M | -48% | -23% |
| Free cash flow | $38.0M | — | -44% |
What changed
Revenue was $511.9M in Q3 2025, down 6% year over year and up 4% from the previous quarter. Admission was the largest line at 52% of revenue. Admission lost $28.3M year over year (down 10%), 83% of the total change.
Operating profit was $151.7M, a 29.6% margin (down 7.2 points year over year). Total costs grew 4% against a revenue fall of 6%. Net earnings were $89.3M, down 25% year over year. The effective tax rate was 24.5%.
Operating cash flow was $94.8M (down 23% year over year), 106% of net earnings. Non-cash charges added back $44.7M of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items used $43.5M. After capital expenditures ($56.8M), free cash flow as the company reports it was $38.0M.
Questions
What was United Parks & Resorts' revenue in the third quarter 2025?
United Parks & Resorts (PRKS) reported revenue of $512M for the third quarter 2025 (Q3 2025), -6% from a year earlier and +4% from the quarter before.
Was United Parks & Resorts profitable in the third quarter 2025?
Operating profit was $152M (29.6% of revenue) and net earnings $89.3M.