--- title: "United Parks & Resorts | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 278.29 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285995842.md" datetime: "2026-05-11T20:51:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285995842.md) - [en](https://longbridge.com/en/news/285995842.md) - [zh-HK](https://longbridge.com/zh-HK/news/285995842.md) --- # United Parks & Resorts | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 278.29 M Revenue: As of FY2026 Q1, the actual value is USD 278.29 M, missing the estimate of USD 279.6 M. EPS: As of FY2026 Q1, the actual value is USD -0.69, missing the estimate of USD -0.312. EBIT: As of FY2026 Q1, the actual value is USD 23.24 M. #### Revenue - **Admissions Revenue**: Decreased by - $8.6 million, or 5.5%, to $147.5 million for the three months ended March 31, 2026, compared to $156.1 million for the same period in 2025. - **Food, Merchandise and Other Revenue**: Remained flat at $130.8 million for the three months ended March 31, 2026, compared to the same period in 2025. - **Total Revenues**: Decreased by - $8.7 million, or 3.0%, to $278.3 million for the three months ended March 31, 2026, compared to $286.9 million for the same period in 2025. #### Operational Metrics - **Costs of Food, Merchandise and Other Revenues**: Decreased by - $1.3 million, or 5.7%, for the three months ended March 31, 2026. - **Operating Expenses**: Increased by $10.0 million, or 6.2%, to $171.2 million for the three months ended March 31, 2026, compared to $161.3 million for the same period in 2025, primarily due to a $3.7 million increase in non-cash self-insurance adjustments and a $2.8 million increase in non-recurring third-party labor and consulting costs. - **Selling, General and Administrative Expenses**: Increased by $3.9 million, or 8.9%, to $48.1 million for the three months ended March 31, 2026, compared to $44.1 million for the same period in 2025, mainly due to a $3.1 million increase in information technology costs related to a new enterprise resource planning system. - **Severance and Other Separation Costs**: Totaled $0.8 million for the three months ended March 31, 2026, with no comparable costs in 2025. - **Depreciation and Amortization**: Increased by $3.4 million, or 8.1%, to $45.1 million for the three months ended March 31, 2026, compared to $41.7 million for the same period in 2025, driven by new asset additions. - **Total Costs and Expenses**: Increased by $16.7 million, or 6.2%, to $286.8 million for the three months ended March 31, 2026, compared to $270.1 million for the same period in 2025. - **Operating (Loss) Income**: Resulted in an operating loss of - $8.5 million for the three months ended March 31, 2026, a decrease of - $25.4 million or -150.3% from an operating income of $16.9 million in the prior year. - **Net Loss**: Was - $34.1 million for the three months ended March 31, 2026, compared to - $16.1 million for the same period in 2025, representing an increase in loss of - $17.9 million or -111.2%. #### Unique Metrics (Per Capita Data) - **Attendance**: Decreased by -0.171 million guests, or 5.0%, to 3.22 million for the three months ended March 31, 2026, compared to 3.39 million for the same period in 2025, impacted by unfavorable weather and a decline in international visitation. - **Total Revenue Per Capita**: Increased by $1.81, or 2.1%, to $86.43 for the three months ended March 31, 2026, compared to $84.62 for the same period in 2025. - **Admission Per Capita**: Decreased by - $0.23, or -0.5%, to $45.81 for the three months ended March 31, 2026, compared to $46.04 for the same period in 2025, mainly due to admissions product mix. - **In-Park Per Capita Spending**: Increased by $2.04, or 5.3%, to $40.62 for the three months ended March 31, 2026, compared to $38.58 for the same period in 2025, due to increased demand across in-park offerings. #### Cash Flow - **Net Cash Provided by Operating Activities**: Was $66.8 million for the three months ended March 31, 2026, an increase from $25.7 million for the same period in 2025, primarily due to changes in working capital. - **Net Cash Used in Investing Activities**: Was - $69.6 million for the three months ended March 31, 2026, compared to - $56.9 million for the same period in 2025, mainly due to capital expenditures for future attractions. - **Net Cash Used in Financing Activities**: Was - $68.0 million for the three months ended March 31, 2026, compared to - $9.0 million for the same period in 2025, primarily due to share repurchases and debt repayments, partially offset by net proceeds from the revolving credit facility. - **Capital Expenditures**: Totaled $69.6 million for the three months ended March 31, 2026, including $62.7 million for core park rides, attractions, and maintenance, and $7.0 million for expansion/ROI projects. #### Future Outlook and Strategy United Parks & Resorts Inc. anticipates that its cash flow from operations, existing cash, and available borrowings will cover liquidity needs, capital expenditures, debt service, and working capital for at least the next 12 months. The company’s Board oversees key operating activities, while the current environment presents challenges such as labor turnover and increased union organizing. Management is focused on reducing costs and improving operating margins through technology improvements and streamlining labor structures. ### Related Stocks - [PRKS.US](https://longbridge.com/en/quote/PRKS.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [Advance Auto Parts Reports First Quarter 2026 Results; Reaffirms Full Year 2026 Guidance | AAP Stock News](https://longbridge.com/en/news/287202242.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Euroseas Ltd. 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