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 185.19 M.<h3>Segment Revenue</h3><ul><li>Admissions Revenue: $268.7 million for Q3 2025, a decrease of 9.5% from $297.0 million in Q3 2024.</li><li>Food, Merchandise, and Other Revenue: $243.2 million for Q3 2025, a decrease of 2.3% from $248.9 million in Q3 2024.</li><li>Total Revenue: $511.9 million for Q3 2025, a decrease of 6.2% from $545.9 million in Q3 2024.</li></ul><h3>Operational Metrics</h3><ul><li>Net Income: $89.3 million for Q3 2025, a decrease of 25.4% from $119.7 million in Q3 2024.</li><li>Operating Income: $151.7 million for Q3 2025, a decrease of 24.5% from $201.0 million in Q3 2024.</li><li>Operating Expenses: $214.4 million for Q3 2025, an increase of 3.4% from $207.3 million in Q3 2024.</li><li>Selling, General, and Administrative Expenses: $60.7 million for Q3 2025, an increase of 9.6% from $55.4 million in Q3 2024.</li><li>Depreciation and Amortization: $44.7 million for Q3 2025, an increase of 7.5% from $41.6 million in Q3 2024.</li><li>Interest Expense: $33.5 million for Q3 2025, a decrease of 15.5% from $39.7 million in Q3 2024.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Provided by Operating Activities: $301.7 million for the nine months ended September 30, 2025, compared to $367.7 million for the same period in 2024.</li><li>Net Cash Used in Investing Activities: $167.2 million for the nine months ended September 30, 2025, compared to $222.3 million for the same period in 2024.</li><li>Net Cash Used in Financing Activities: $29.6 million for the nine months ended September 30, 2025, compared to $315.5 million for the same period in 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Attendance: 6.789 million guests for Q3 2025, a decrease of 3.4% from 7.029 million guests in Q3 2024.</li><li>Total Revenue Per Capita: $75.39 for Q3 2025, a decrease of 2.9% from $77.66 in Q3 2024.</li><li>Admission Per Capita: $39.57 for Q3 2025, a decrease of 6.3% from $42.24 in Q3 2024.</li><li>In-Park Per Capita Spending: $35.82 for Q3 2025, an increase of 1.1% from $35.42 in Q3 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company plans to continue focusing on cost-saving initiatives and optimizing labor structures to align with strategic business objectives. This includes technology initiatives aimed at reducing costs and improving operating margins.</li><li>Non-Core Business: The company has experienced increased union organizing activities and is addressing these through operational reviews and strategic initiatives to mitigate potential impacts on operations and guest experience.</li><li>Priority: Emphasis on maintaining liquidity and managing interest rate risks, with a focus on refinancing transactions to lower average interest rates on variable debt.</li></ul>

United Parks & Resorts | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 511.85 M