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NEWS
SeaWorld reports big financial gains in Q3 2018
POSTED 06 Nov 2018 . BY Luke Cloherty
Total revenue for the quarter increased by 10.4 per cent to US$483.2m from Q3 2017
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."
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Jobs    News   Products   Magazine   Subscribe
NEWS
SeaWorld reports big financial gains in Q3 2018
POSTED 06 Nov 2018 . BY Luke Cloherty
Total revenue for the quarter increased by 10.4 per cent to US$483.2m from Q3 2017
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
Montana Heritage Center opens with immersive exhibits and US$107 million investment
The Montana Historical Society has officially celebrated the opening of its new Montana Heritage Center, a US$107 million (£79 million, €92 million) destination that combines immersive storytelling with cutting-edge audiovisual technology to bring the sta
Universal launches new theme park model with Kids Resort
Universal Destinations and Experiences has launched a new regional theme park model with the opening of Universal Kids Resort in Frisco, Texas.
San Antonio Zoo reports $283 million economic impact as expansion plans progress
San Antonio Zoo has reported a US$283 million economic impact for 2025, following a decade- long transformation programme that has seen almost US$200 million invested into the Texas attraction.
Great Barrier Reef attraction set for AU$180 million reinvention
Plans for the AU$180 million redevelopment of Reef HQ Aquarium in Townsville, Australia, are progressing, with the project set to transform the attraction into a global centre for reef education and conservation.
Mubadala makes €1 billion bid for Pierre and Vacances
Abu Dhabi-based investment firm Mubadala Capital has made a binding, fully financed €1 billion offer to acquire Pierre and Vacances SA, the European holiday resort operator behind the continental European Center Parcs business.
Disney confirms US$30 billion investment programme as it highlights its economic impact
Disney has reaffirmed its commitment to investing US$30 billion in its US parks and cruise business by 2033, using new America250 celebrations to underline the role its attractions play in supporting jobs, tourism and economic growth.
+ More news   
 
COMPANY PROFILES
Taylor Made Designs

Founded in 1993, Taylor Made Designs supply corporate clothing and brand-enhancing merchandise to [more...]
Polin Waterparks

Polin was founded in Istanbul in 1976. Polin has since grown into a leading company in the waterpa [more...]
Clip 'n Climb

Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
IAAPA EMEA

IAAPA Expo Europe was established in 2006 and has grown to the largest international conference and [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

23-26 Aug 2026

Elevate Spa Riviera Maya Edition

The Riviera Maya Edition Kanai, Playa del Carmen, Mexico
29 Sep - 02 Oct 2026

Synergy - The Retreat Show

Pical Resort, Valamar Collection, Porec, Croatia
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