SeaWorld reports big financial gains in Q3 2018 | attractionsmanagement.com news
POST YOUR JOB ONLINE
Free ezine/digital edition sign up
Jobs . News . Features . Video . Products . Magazine . Handbook . Advertise . Contact us  
NEWS
SeaWorld reports big financial gains in Q3 2018
POSTED 06 Nov 2018 . BY Luke Cloherty
SeaWorld Entertainment has reported increases in revenue, net income and pre-tax profits (EBITDA) for Q3 2018.

Total revenue for the quarter increased by 10.4 per cent to US$483.2m (€423.8m, £370.7m) from Q3 2017, which the company said was a result of strong increases in attendance and in-park per capita spending.

Meanwhile, net income saw an even healthier rise, jumping by 42.7 per cent to US$96m (€84.2m, £73.7m) and adjusted EBITDA climbed 22.2 per cent to US$212.4m (€186.3m, £163m).

Attendance was generally the underpinning of these sizeable jumps as well, according to SeaWorld. An extra 700,000 guests attended its parks – a 9.7 per cent uplift to 8.3 million total visitors – in Q3 2018.

John Reilly, interim CEO & chief parks operations officer, put this attendance spike down to a more competitive approach and new additions to SeaWorld Parks in a conference call on the figures.

"We believe that these results were driven primarily by our new strategic pricing initiatives, new marketing and communication initiatives and the positive reception of our new rides, attractions and events," he said.

"We are particularly pleased with our third quarter attendance growth during the peak summer season, which we believe was driven in part by our calendar of popular events."
MORE NEWS
Video: Attractions Management News Flash 19 November 2018
The latest Attractions Management News Flash Video is now live!
St Louis Zoo reveals plans for US$80m expansion
St Louis Zoo is planning to add a US$80m (€70.6m, £62.4m) expansion which would house a new breeding facility as well as new outdoor visitor experiences.
Dollywood, Universal and Fantawild among 2018 TEA Thea Awards winners
The Themed Entertainment Association (TEA) has revealed the winners of this year's Thea Awards.
IAAPA 2018: WhiteWater and Cirque du Soleil announce plans to 'redefine' waterpark experience
WhiteWater West and Cirque Du Soleil have announced a brand new partnership to bring Cirque-themed waterparks to life in multiple locations worldwide.
+ More news   
LATEST JOBS
Sales and Events Manager
NAMCO UK Ltd
Salary: Negotiable depending on experience
Job location: Manchester, UK
Bowling Technician
NAMCO UK Ltd
Salary: Negotiable depending on experience
Job location: Manchester, UK
Food and Beverage Manager
NAMCO UK Ltd
Salary: Negotiable depending on experience
Job location: Manchester, UK
Driver / Controllers
The Postal Museum
Salary: £21,000 pro-rata
Job location: Central London, London, UK
Evening Duty/Bar Manager
Parkwood Leisure
Salary: £9 per hour
Job location: Longridge, Preston, UK
+ More jobs  

COMPANY PROFILE
Holovis Attractions

Holovis is a privately owned company established in 2004. [more...]
+ More profiles  
FEATURED SUPPLIER

Seeper brings history to life at Little Big City Beijing
Merlin Entertainment latest attraction, Little Big City Beijing, has opened in China. [more...]
VIDEO GALLERY

Simworx - The power to move you…
Simworx is acknowledged as one of the world’s leaders in the supply of 4D Effects Cinemas and Motion Simulation Attractions. Find out more...
More videos:
Red Raion: Meet the Team - Introduction – Red Raion
Birds of a Feather 4D Trailer – nWave Pictures
Red Raion - VR/5D Films Showreel 2016 – Red Raion
+ More videos  

CATALOGUE GALLERY
 

+ More catalogues  
ATTRACTIONS DIRECTORY
+ More directory  
ATTRACTIONS DIARY

05-06 Dec 2018

Sports Events, Tourism and Cities Conference

Palexpo Convention Center, Geneva, Switzerland
15-17 Jan 2019

EAG International

ExCel London Exhibition Centre, London,
+ More diary  
LATEST ISSUES
+ View Magazine Archive

Attractions Management

2018 issue 4


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2018 issue 3


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2018 issue 2


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2018 issue 1


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management News

14 Nov 2018 issue 117


View on turning pages
Download PDF
View archive
FREE digital subscription
Print subscription

Attractions Handbook

2018


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription
 
ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
 
ATTRACTIONS MANAGEMENT
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2018
Jobs . News . Products . Magazine
NEWS
SeaWorld reports big financial gains in Q3 2018
POSTED 06 Nov 2018 . BY Luke Cloherty
SeaWorld Entertainment has reported increases in revenue, net income and pre-tax profits (EBITDA) for Q3 2018.

Total revenue for the quarter increased by 10.4 per cent to US$483.2m (€423.8m, £370.7m) from Q3 2017, which the company said was a result of strong increases in attendance and in-park per capita spending.

Meanwhile, net income saw an even healthier rise, jumping by 42.7 per cent to US$96m (€84.2m, £73.7m) and adjusted EBITDA climbed 22.2 per cent to US$212.4m (€186.3m, £163m).

Attendance was generally the underpinning of these sizeable jumps as well, according to SeaWorld. An extra 700,000 guests attended its parks – a 9.7 per cent uplift to 8.3 million total visitors – in Q3 2018.

John Reilly, interim CEO & chief parks operations officer, put this attendance spike down to a more competitive approach and new additions to SeaWorld Parks in a conference call on the figures.

"We believe that these results were driven primarily by our new strategic pricing initiatives, new marketing and communication initiatives and the positive reception of our new rides, attractions and events," he said.

"We are particularly pleased with our third quarter attendance growth during the peak summer season, which we believe was driven in part by our calendar of popular events."
MORE NEWS
Video: Attractions Management News Flash 19 November 2018
The latest Attractions Management News Flash Video is now live!
St Louis Zoo reveals plans for US$80m expansion
St Louis Zoo is planning to add a US$80m (€70.6m, £62.4m) expansion which would house a new breeding facility as well as new outdoor visitor experiences.
Dollywood, Universal and Fantawild among 2018 TEA Thea Awards winners
The Themed Entertainment Association (TEA) has revealed the winners of this year's Thea Awards.
IAAPA 2018: WhiteWater and Cirque du Soleil announce plans to 'redefine' waterpark experience
WhiteWater West and Cirque Du Soleil have announced a brand new partnership to bring Cirque-themed waterparks to life in multiple locations worldwide.
+ More news   
LATEST JOBS
Sales and Events Manager
NAMCO UK Ltd
Salary: Negotiable depending on experience
Job location: Manchester, UK
Bowling Technician
NAMCO UK Ltd
Salary: Negotiable depending on experience
Job location: Manchester, UK
Food and Beverage Manager
NAMCO UK Ltd
Salary: Negotiable depending on experience
Job location: Manchester, UK
Driver / Controllers
The Postal Museum
Salary: £21,000 pro-rata
Job location: Central London, London, UK
Evening Duty/Bar Manager
Parkwood Leisure
Salary: £9 per hour
Job location: Longridge, Preston, UK
+ More jobs  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2018

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS