Revenue: As of FY2025 Q3, the actual value is USD 511.85 M, missing the estimate of USD 538.25 M.EPS: As of FY2025 Q3, the actual value is USD 1.61, missing the estimate of USD 2.2618.EBIT: As of FY2025 Q3, the actual value is USD 151.86 M.<h3>Third Quarter 2025 Financial Metrics</h3><ul><li>Net Income: $89.3 million, a decrease of $30.4 million or 25.4% from the third quarter of 2024.</li><li>Adjusted EBITDA: $216.3 million, a decrease of $42.1 million or 16.3% from the third quarter of 2024.</li><li>Operating Income: $151.7 million, a decrease of $49.3 million or 24.5% from the third quarter of 2024.</li><li>Net Cash Provided by Operating Activities: $94.8 million, a decrease of $28.2 million or 22.9% from the third quarter of 2024.</li><li>Free Cash Flow: $38.0 million, a decrease of $29.6 million from the third quarter of 2024.</li></ul><h3>First Nine Months 2025 Financial Metrics</h3><ul><li>Net Income: $153.3 million, a decrease of $46.3 million or 23.2% from the first nine months of 2024.</li><li>Adjusted EBITDA: $490.0 million, a decrease of $65.7 million or 11.8% from the first nine months of 2024.</li><li>Operating Income: $309.0 million, a decrease of $78.5 million or 20.3% from the first nine months of 2024.</li><li>Net Cash Provided by Operating Activities: $301.7 million, a decrease of $65.9 million or 17.9% from the first nine months of 2024.</li><li>Free Cash Flow: $134.5 million, a decrease of $11.0 million from the first nine months of 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Attendance: 6.8 million guests in the third quarter, a decrease of 240,000 guests or 3.4% from the third quarter of 2024. Attendance for the first nine months was 16.4 million guests, a decrease of 252,000 guests or 1.5% from the first nine months of 2024.</li><li>Total Revenue Per Capita: Decreased 2.9% to $75.39 in the third quarter and decreased 2.4% to $78.53 in the first nine months of 2025.</li><li>Admission Per Capita: Decreased 6.3% to $39.57 in the third quarter and decreased 4.9% to $41.46 in the first nine months of 2025.</li><li>In-Park Per Capita Spending: Increased 1.1% to $35.82 in the third quarter and increased 0.6% to $37.07 in the first nine months of 2025.</li></ul><h3>Outlook / Guidance</h3>United Parks &amp; Resorts Inc. expects to improve operational and financial performance, aiming for increased attendance, higher per capita spending, and cost reductions. The company is optimistic about forward-booking revenue trends into 2026, particularly for Discovery Cove and group business, which are up over 20% compared to the previous year.

United Parks & Resorts | 8-K: FY2025 Q3 Revenue Misses Estimate at USD 511.85 M