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."
RELATED STORIES
DoJ’s SeaWorld investigation “concluded” with no action to be taken


SeaWorld says that the US Department of Justice’s (DoJ) criminal investigation into its response to a highly critical 2013 documentary has been closed, with no charges brought against either the organisation or any individuals.
MORE NEWS
OPEN Architecture design soulful "Chapel of Sound" in China
Chinese architecture practice OPEN have unveiled renderings of the Chapel of Sound – a cavernous amphitheatre currently under construction north of Beijing, outside the city of Chengde.
Trouble for Six Flags as multiple international projects face delay
Six flags chief Jim Reid-Anderson has revealed that changes in government are stalling the operator's Chinese projects, while there are "no assurances" as to the outcome of the operator's on- hold Dubai development.
Arts Council’s new diversity report shows BME representation below English average
Only 5 per cent of staff members are not white at Arts Council England (ACE) major partner museums (MPMs) while 16 per cent of the working age population are from black and minority ethnic (BME) backgrounds in England, a new report from the organisation has found.
Snapchat creates virtual art gallery for Black History Month
Communications app Snapchat has created an online virtual gallery in celebration of Black History Month, showcasing the work of black millennial artists.
+ More news   
LATEST JOBS
Group Travel Trade Manager
The Royal Mint
Salary: Competitive Salary and Benefits
Job location: Llantrisant, Pontyclun, UK
Commercial Operations Director
The National Museum of the Royal Navy
Salary: £60,000 circa per annum
Job location: Portsmouth, UK
Theme Park Resort Duty Managers
Gulliver's Theme Park
Salary: Competitive Salary and Benefits
Job location: Rother Valley, Rotherham, South Yorkshire, UK
Commercial Sales Manager
Mary Rose Trust
Salary: Competitive Salary and Benefits
Job location: Portsmouth, UK
Trainee Manager Programme
Gulliver's Theme Park
Salary: Competitive Salary and Benefits
Job location: South Yorkshire, UK
Restaurant and Bar Team Leader
Alton Towers Theme Park
Salary: Competitive
Job location: Stoke-on-Trent, UK
+ More jobs  

COMPANY PROFILE
DJW

David and Lynn Willrich started the company over 30 years ago from the AV department of the [more...]
+ More profiles  
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:
Online Print Made Easy! – instantprint
Red Raion: Meet the Team - Introduction – Red Raion
Birds of a Feather 4D Trailer – nWave Pictures
+ More videos  

CATALOGUE GALLERY
 

+ More catalogues  
ATTRACTIONS DIRECTORY
+ More directory  
ATTRACTIONS DIARY

25-27 Mar 2019

Dubai Entertainment Amusement and Leisure Exhibition (DEAL)

Dubai World Trade Centre, Dubai, United Arab Emirates
01 Apr 2019

English Tourism Week Conference 2019

128 Piccadilly, London, United Kingdom
+ 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

06 Feb 2019 issue 123


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

Attractions Handbook

2019


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 2019
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."
RELATED STORIES
DoJ’s SeaWorld investigation “concluded” with no action to be taken


SeaWorld says that the US Department of Justice’s (DoJ) criminal investigation into its response to a highly critical 2013 documentary has been closed, with no charges brought against either the organisation or any individuals.
MORE NEWS
OPEN Architecture design soulful "Chapel of Sound" in China
Chinese architecture practice OPEN have unveiled renderings of the Chapel of Sound – a cavernous amphitheatre currently under construction north of Beijing, outside the city of Chengde.
Trouble for Six Flags as multiple international projects face delay
Six flags chief Jim Reid-Anderson has revealed that changes in government are stalling the operator's Chinese projects, while there are "no assurances" as to the outcome of the operator's on- hold Dubai development.
Arts Council’s new diversity report shows BME representation below English average
Only 5 per cent of staff members are not white at Arts Council England (ACE) major partner museums (MPMs) while 16 per cent of the working age population are from black and minority ethnic (BME) backgrounds in England, a new report from the organisation has found.
Snapchat creates virtual art gallery for Black History Month
Communications app Snapchat has created an online virtual gallery in celebration of Black History Month, showcasing the work of black millennial artists.
+ More news   
LATEST JOBS
Group Travel Trade Manager
The Royal Mint
Salary: Competitive Salary and Benefits
Job location: Llantrisant, Pontyclun, UK
Commercial Operations Director
The National Museum of the Royal Navy
Salary: £60,000 circa per annum
Job location: Portsmouth, UK
Theme Park Resort Duty Managers
Gulliver's Theme Park
Salary: Competitive Salary and Benefits
Job location: Rother Valley, Rotherham, South Yorkshire, UK
Commercial Sales Manager
Mary Rose Trust
Salary: Competitive Salary and Benefits
Job location: Portsmouth, UK
Trainee Manager Programme
Gulliver's Theme Park
Salary: Competitive Salary and Benefits
Job location: South Yorkshire, UK
Restaurant and Bar Team Leader
Alton Towers Theme Park
Salary: Competitive
Job location: Stoke-on-Trent, UK
+ More jobs  
 


ADVERTISE . CONTACT US

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

©Cybertrek 2019

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