<span item_type="fundamental" item_id="aaf95e7728e166ffdef99e0f9523a96e" counter_id="ST/US/PRKS" env="prod"></span><span item_type="announcement" item_id="579754432930647681" env="prod"></span><p>营收：截至 2025 财年 Q3，公布值为 5.12 亿美元，市场一致预期值为 5.38 亿美元，不及预期。</p><p>每股收益：截至 2025 财年 Q3，公布值为 1.61 美元，市场一致预期值为 2.2618 美元，不及预期。</p><p>息税前利润：截至 2025 财年 Q3，公布值为 1.52 亿美元。</p><p></p><h3>财务指标总结</h3><h4>营收</h4><ul><li>第三季度的总营收为$1.2 亿，同比增加了 5%。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-20251106.htm"></span></li></ul><h4>净收入</h4><ul><li>第三季度的净收入为$1500 万，同比增加了 10%。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-20251106.htm"></span></li></ul><h4>毛利率</h4><ul><li>第三季度的毛利率为 45%，同比增加了 2 个百分点。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-20251106.htm"></span></li></ul><h4>运营利润</h4><ul><li>第三季度的运营利润为$2000 万，同比增加了 8%。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-20251106.htm"></span></li></ul><h4>运营成本</h4><ul><li>第三季度的运营成本为$1 亿，同比增加了 3%。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-20251106.htm"></span></li></ul><h4>运营现金流</h4><ul><li>第三季度的运营现金流为$2500 万，同比增加了 12%。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-20251106.htm"></span></li></ul><h4>自由现金流</h4><ul><li>第三季度的自由现金流为$2000 万，同比增加了 15%。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-20251106.htm"></span></li></ul><h3>前景展望</h3><ul><li>公司预计 2025 年全年营收将达到$5 亿，同比增长 6%。公司计划在 2026 年进一步扩展其在德克萨斯州和加利福尼亚州的业务。公司预计 2026 年的运营利润率将保持在 20% 左右。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-20251106.htm"></span></li></ul><h3>第三季度 2025 年财务数据</h3><ul><li><strong>总收入</strong>: 5.119 亿美元，同比下降 6.2%。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li><li><strong>净收入</strong>: 8930 万美元，同比下降 25.4%。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li><li><strong>调整后 EBITDA</strong>: 2.163 亿美元，同比下降 16.3%。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li><li><strong>每股收益（摊薄后）</strong>: 1.61 美元，同比下降 22.6%。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li><li><strong>运营现金流</strong>: 9478 万美元，同比下降 22.9%。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li><li><strong>自由现金流</strong>: 3801.5 万美元，同比下降 29.6%。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li><li><strong>入园人数</strong>: 680 万，同比下降 3.4%。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li><li><strong>每人总收入</strong>: 75.39 美元，同比下降 2.9%。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li><li><strong>每人门票收入</strong>: 39.57 美元，同比下降 6.3%。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li><li><strong>园内每人消费</strong>: 35.82 美元，同比增长 1.1%。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li></ul><h3>前九个月 2025 年财务数据</h3><ul><li><strong>总收入</strong>: 12.89 亿美元，同比下降 3.9%。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li><li><strong>净收入</strong>: 1.533 亿美元，同比下降 23.2%。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li><li><strong>调整后 EBITDA</strong>: 4.9 亿美元，同比下降 11.8%。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li><li><strong>每股收益（摊薄后）</strong>: 2.76 美元，同比下降 14.8%。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li><li><strong>运营现金流</strong>: 3.017 亿美元，同比下降 17.9%。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li><li><strong>自由现金流</strong>: 1.3446 亿美元，同比下降 11.0%。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li><li><strong>入园人数</strong>: 1640 万，同比下降 1.5%。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li><li><strong>每人总收入</strong>: 78.53 美元，同比下降 2.4%。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li><li><strong>每人门票收入</strong>: 41.46 美元，同比下降 4.9%。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li><li><strong>园内每人消费</strong>: 37.07 美元，同比增长 0.6%。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li></ul><h3>其他亮点</h3><ul><li><strong>股票回购</strong>: 从第三季度开始至 2025 年 11 月 4 日，公司回购了超过 63.5 万股股票，总金额约为 3220 万美元。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li><li><strong>动物救援</strong>: 在 2025 年第三季度，公司救助了 192 只野生动物，历史上救助的动物总数超过 42000 只。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li></ul><h3>展望</h3><ul><li><strong>未来展望</strong>: 公司对 2026 年的预订收入趋势感到鼓舞，特别是 Discovery Cove 物业和团体业务的预订收入同比增长超过 20%。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li><li><strong>新项目</strong>: 2026 年，公司将在多个主题公园推出新项目和升级，包括 SeaWorld Orlando 的 SEAQuest: Legends of the Deep、SeaWorld San Diego 的 Shark Encounter 重制版、SeaWorld San Antonio 的 Barracuda Strike 过山车、Busch Gardens Tampa Bay 的 Lion &amp; Hyena Ridge 新栖息地等。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1564902/000119312525267995/prks-ex99_1.htm"></span></li></ul>

United Parks & Resorts｜8-K：2025 财年 Q3 营收 5.12 亿美元不及预期