Recent Insider Transactions • Aug 11
Chief Commercial Officer recently sold €254k worth of stock On the 6th of August, Christopher Finazzo sold around 7k shares on-market at roughly €38.36 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €723k more than they bought in the last 12 months. New Risk • Aug 04
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.1% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (8.1% net profit margin). Significant insider selling over the past 3 months (€254k sold). Reported Earnings • Aug 04
Second quarter 2026 earnings released: EPS: US$1.36 (vs US$1.46 in 2Q 2025) Second quarter 2026 results: EPS: US$1.36 (down from US$1.46 in 2Q 2025). Revenue: US$483.3m (down 1.4% from 2Q 2025). Net income: US$63.3m (down 21% from 2Q 2025). Profit margin: 13% (down from 16% in 2Q 2025). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 7% per year. Announcement • Jul 28
Busch Gardens Tampa Bay Opens Lion and Hyena Ridge Habitat as Part of $200 Million Park Transformation Busch Gardens Tampa Bay officially opened the all-new Lion & Hyena Ridge on Saturday, July 25. As part of a $200 million planned five-year investment, the habitat is one of the world's most immersive animal habitats and the newest addition to the park's award-winning zoological collection. Featuring America's largest coalition of lions in an Association of Zoos & Aquariums (AZA) accredited facility and a pair of playful hyenas, the highly anticipated habitat inspires conservation and curiosity for visitors of all ages. At 38,000 square feet, Lion & Hyena Ridge transports guests to the heart of Africa with immersive viewing areas and naturalistic environments, while supporting the physical, social and mental well-being of the two of Africa's most iconic species. Designed to deliver an immersive safari-style experience, Lion & Hyena Ridge features expansive, 270-degree glass viewing areas that offer guests remarkable face-to-face perspectives of the animals. Guests can also explore interactive cave spaces and cross overhead bridges, creating unique vantage points throughout the expansive habitat. The habitat includes climbing structures, water elements and specially designed heated and cooled rocks, providing the lions and hyenas with opportunities to play, explore and choose comfortable areas throughout the day. The animals can also rotate between different areas of the habitat, offering enrichment and variety while allowing guests to experience both species. Because lions and hyenas are natural rivals in the wild, the animals do not occupy the same habitat areas at the same time. This carefully designed approach supports the animals' well-being while providing a dynamic and engaging experience for guests. Naturalistic rock formations, cascading water elements, varied terrain and multiple viewing opportunities create an environment that encourages exploration and offers guests a deeper connection to the animals. The opening of Lion & Hyena Ridge is part of Busch Gardens Tampa Bay's broader $200 million enhancement plan, a transformational investment that is bringing new world-class attractions, animal habitats and guest experience improvements to the park. The investment is designed to create more ways for guests to connect with animals, experience innovative attractions and enjoy enhanced spaces throughout Busch Gardens Tampa Bay. Annual Pass Members enjoy unlimited visits, access to seasonal events and exclusive in-park discounts and benefits all year long. Annual Passes start at $13/month, making now the perfect time to join and be among the very first to experience this incredible new addition to Busch Gardens Tampa Bay and the opportunity to watch these young lions mature and grow. Announcement • Jul 16
United Parks & Resorts Inc. to Report Q2, 2026 Results on Aug 04, 2026 United Parks & Resorts Inc. announced that they will report Q2, 2026 results Pre-Market on Aug 04, 2026 Buy Or Sell Opportunity • Jul 09
Now 20% undervalued Over the last 90 days, the stock has risen 26% to €39.60. The fair value is estimated to be €49.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 8.4%. Revenue is forecast to grow by 5.3% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. Announcement • May 04
United Parks & Resorts Inc., Annual General Meeting, Jun 16, 2026 United Parks & Resorts Inc., Annual General Meeting, Jun 16, 2026. Announcement • Apr 21
United Parks & Resorts Inc. to Report Q1, 2026 Results on May 11, 2026 United Parks & Resorts Inc. announced that they will report Q1, 2026 results Pre-Market on May 11, 2026 Announcement • Mar 04
United Parks & Resorts Inc. announced delayed annual 10-K filing On 03/03/2026, United Parks & Resorts Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Jan 23
United Parks & Resorts Inc. to Report Q4, 2025 Results on Feb 26, 2026 United Parks & Resorts Inc. announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Feb 26, 2026 Announcement • Jan 07
United Parks & Resorts Inc. Announces Transition of Byron Surrett from Chief Park Operations Officer Non-Florida Parks to Another Role, Effective January 1, 2026 United Parks & Resorts Inc. announced that as of January 1, 2026, Byron Surrett transitioned from the role of Chief Park Operations Officer Non-Florida Parks to another role at United Parks & Resorts Inc. Announcement • Oct 02
United Parks & Resorts Inc. to Report Q3, 2025 Results on Nov 06, 2025 United Parks & Resorts Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 06, 2025 Announcement • Aug 21
United Parks & Resorts Inc. Announces Executive Changes On August 13, 2025, United Parks & Resorts Inc. (the “ Company ”) appointed Kevin Connelly as Chief Accounting Officer of the Company, effective as of August 18, 2025 (the “ Effective Date ”). On August 13, 2025, the Company and William Myers, the Company’s then current Chief Accounting Officer, agreed that Mr. Myers would step down from that position as of August 13, 2025. Following August 13, 2025, Mr. Myers will remain employed by the Company through August 31, 2025 to ensure a smooth transition. Prior to becoming the Company’s Chief Accounting Officer, Mr. Connelly, age 55, served as the Chief Financial Officer, Chief Operating Officer, and Senior Managing Director of Appreciation Homes, LLC, a real estate securities company, from June 2019 to January 2025. From September 2018 to May 2019, he was President of Capview Partners, LLC /EBA EverStar, LLC, a real estate investment and management firm formed through a Fortune Global 500 company’s acquisition of Capview Partners, LLC, where he had served as Chief Financial Officer and Managing Director since April 2014. Mr. Connelly previously held senior finance and accounting positions with DSM Nutritional Products Ltd, Martek Biosciences Corp, Aether Systems Inc., Storage USA Inc., and Integrated Health Services Inc., after starting his career at KPMG. Mr. Connelly holds a Bachelor of Business Administration in accounting from James Madison University and is a Certified Public Accountant in the State of Maryland. Announcement • Aug 07
United Parks & Resorts Inc. (NYSE:PRKS) announces an Equity Buyback for $500 million worth of its shares. United Parks & Resorts Inc. (NYSE:PRKS) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of its shares. The program is subject to approval by non-Hill Path shareholders. Announcement • Jul 15
United Parks & Resorts Inc. to Report Q2, 2025 Results on Aug 07, 2025 United Parks & Resorts Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 07, 2025 Announcement • Feb 05
United Parks & Resorts Inc. to Report Q4, 2024 Results on Feb 26, 2025 United Parks & Resorts Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 26, 2025 Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: US$2.09 (vs US$1.93 in 3Q 2023) Third quarter 2024 results: EPS: US$2.09. Revenue: US$545.9m (flat on 3Q 2023). Net income: US$119.7m (down 3.1% from 3Q 2023). Profit margin: 22% (in line with 3Q 2023). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in Germany. Announcement • Oct 10
United Parks & Resorts Inc. to Report Q3, 2024 Results on Nov 07, 2024 United Parks & Resorts Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 07, 2024 Announcement • Sep 18
United Parks & Resorts Inc Appoints Bill Myers as Chief Accounting Officer On September 18, 2024, United Parks & Resorts Inc. announced the appointment of Bill Myers as the Company’s Chief Accounting Officer, effective as of September 18, 2024 (the “Effective Date”). Prior to becoming the Company’s Chief Accounting Officer, Mr. Myers, 57, served as the Chief Financial Officer of MobilityWorks, from August 2020 to February 2024 where he lead the accounting and finance functions which included, information technology, legal, real estate, treasury, financial planning and analysis, and mergers and acquisitions. Prior to that, Mr. Myers served as the Executive Vice President, Chief Financial Officer and Treasurer of TravelCenters of America Inc., from 2018 to 2020, and as the Senior Vice President and Chief Accounting Officer from 2014 to 2017. Prior to TravelCenters of America Inc., Mr. Myers served as the Vice President Technical Accounting and Reporting of Eaton Corporation, a global power management company, from 2010 to 2014; the Director of Financial Reporting for Whirlpool Corporation, a global manufacturer of home appliances, from 2007 to 2010; the General Manager – Financial Reporting of Delta Air Lines Inc., a U.S. based airline, from 2005 to 2007; and Senior Manager or Manager for several registered public accounting firms (KPMG, LLP, Cherry Bekaert & Holland, LLP) from 2000 to 2005. Mr. Myers holds a Masters in Business Administration from the College of William and Mary, a bachelor’s degree in business administration from Northwood University, and is a certified public accountant. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: US$1.47 (vs US$1.36 in 2Q 2023) Second quarter 2024 results: EPS: US$1.47 (up from US$1.36 in 2Q 2023). Revenue: US$497.6m (flat on 2Q 2023). Net income: US$91.1m (up 4.7% from 2Q 2023). Profit margin: 18% (in line with 2Q 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €41.80, the stock trades at a forward P/E ratio of 10x. Average trailing P/E is 26x in the Hospitality industry in Germany. Total loss to shareholders of 1.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €49.94 per share. Announcement • Jul 30
United Parks & Resorts Inc. Provides Preliminary Earnings Guidance for the Second Quarter, Six Months and Year to Date Ended June 30, 2024 United Parks & Resorts Inc. provided preliminary earnings guidance for the second quarter, six months and year to date ended June 30, 2024. For the quarter, the company expects total revenues to be approximately $495 million - $500 million, compared to $496.0 million in second quarter of 2023. Net income is expected to be approximately $87 million - $95 million, compared to $87.1 million in second quarter of 2023.
For the six months, the company expects net income to be approximately $76 million - $84 million.
For the year to date, the company expects net income to be approximately $240 million - $248 million. Buy Or Sell Opportunity • Jul 01
Now 18% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.5% to €49.20. The fair value is estimated to be €59.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 9.4% per annum over the same time period. Buy Or Sell Opportunity • Jun 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.3% to €46.00. The fair value is estimated to be €58.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 9.5% per annum over the same time period. Recent Insider Transactions • Jun 10
Chief Zoological Officer recently sold €1.3m worth of stock On the 6th of June, Christopher Dold sold around 28k shares on-market at roughly €47.37 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.9m more than they bought in the last 12 months. Announcement • May 25
United Parks & Resorts Inc. Announces Executive Changes Kyle Miller, Co-Chief Parks Operations Officer for United Parks & Resorts Inc. will be taking a leave for personal medical reasons effective June 1, 2024. On May 17, 2024, Shekufeh Shirazi Boyle, Chief Accounting Officer of the Company, notified the Company of her decision to resign from her position with the Company in order to pursue another opportunity. Ms. Boyle has entered into a consulting arrangement with the Company to assist the Company to ensure a smooth transition. Jim Forrester, the Company’s Interim Chief Financial Officer and Treasurer, will serve as the Company’s principal accounting officer effective May 30, 2024. The appointment of Mr. Forrester to serve as the principal accounting officer was not pursuant to any arrangement or understanding with respect to any other person. There are no family relationships between Mr. Forrester and any director or executive officer of the Company, and there are no transactions between Mr. Forrester and the Company that would be required to be reported under Item 404(a) of Regulation S-K. Buy Or Sell Opportunity • May 23
Now 22% undervalued Over the last 90 days, the stock has risen 4.6% to €45.40. The fair value is estimated to be €58.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings are also forecast to grow by 9.7% per annum over the same time period. Reported Earnings • May 08
First quarter 2024 earnings released: US$0.17 loss per share (vs US$0.26 loss in 1Q 2023) First quarter 2024 results: US$0.17 loss per share (improved from US$0.26 loss in 1Q 2023). Revenue: US$297.4m (up 1.4% from 1Q 2023). Net loss: US$11.2m (loss narrowed 32% from 1Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • May 01
United Parks & Resorts Inc., Annual General Meeting, Jun 13, 2024 United Parks & Resorts Inc., Annual General Meeting, Jun 13, 2024, at 11:00 Eastern Daylight. Agenda: To elect the ten director nominees listed herein; to ratify the appointment of KPMG LLP as independent registered public accounting firm for 2024; to approve, in a non-binding advisory vote, the compensation paid to the named executive officer; and to consider such other business as may properly come before the Annual Meeting and any adjournments or postponements thereof. Announcement • Apr 20
United Parks & Resorts Inc. to Report Q1, 2024 Results on May 08, 2024 United Parks & Resorts Inc. announced that they will report Q1, 2024 results Pre-Market on May 08, 2024 Buy Or Sell Opportunity • Apr 12
Now 21% undervalued Over the last 90 days, the stock has risen 9.9% to €51.00. The fair value is estimated to be €64.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Announcement • Mar 28
United Parks & Resorts Inc. (NYSE:PRKS) announces an Equity Buyback for $500 million worth of its shares. United Parks & Resorts Inc. (NYSE:PRKS) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of its shares. The program is subject to the qualification that the company will not repurchase additional shares if Hill Path's common stock ownership interest percentage would, because of any such repurchase, equal or exceed 50%. The program has no time limit. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: US$3.66 (vs US$4.18 in FY 2022) Full year 2023 results: EPS: US$3.66 (down from US$4.18 in FY 2022). Revenue: US$1.73b (flat on FY 2022). Net income: US$234.2m (down 20% from FY 2022). Profit margin: 14% (down from 17% in FY 2022). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Feb 09
SeaWorld Entertainment, Inc. to Report Q4, 2023 Results on Feb 28, 2024 SeaWorld Entertainment, Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 28, 2024 Announcement • Jan 09
SeaWorld Entertainment, Inc. Elects Nathaniel J. Lipman as Director SeaWorld Entertainment, Inc. announced its Board of Directors has elected Nathaniel J. Lipman to serve as a Director of the Company, effective January 2, 2024. Mr. Lipman served as Executive Chairman of CX Loyalty Holdings, Inc. from 2012 until November 2015, and as President and Chief Executive Officer from October 2005 (when CX Loyalty was formed through the purchase of assets from Cendant Corporation ("Cendant") by a coalition of investors) to 2012. Mr. Lipman continues to actively serve as Senior Advisor to CX Loyalty since 2015. Mr. Lipman joined Cendant in June 1999 as Senior Vice President, Corporate Development and Strategic Planning. After a series of increasing responsibilities in business development and marketing, Mr. Lipman served as President and Chief Executive Officer of Cendant's domestic membership business, Trilegiant, from 2002 to April 2004, and served as President and Chief Executive Officer of the Cendant Marketing Services Division from April 2004 to 2005. Prior to Cendant, Mr. Lipman held various legal and finance roles since 1989, including roles that involved significant experience in the travel and entertainment industry, including roles with Planet Hollywood, Inc., House of Blues Entertainment, Inc., and The Walt Disney Company, amongst others. He also has significant experience serving as a director of both public and private companies, including prior service on the boards of directors of FTD. com, Redbox Automated Holdings, LLC, and Diamond Resorts International, Inc., amongst other companies. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 2 highly experienced directors. Independent Director Kim Schaefer was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: US$1.93 (vs US$2.00 in 3Q 2022) Third quarter 2023 results: EPS: US$1.93 (down from US$2.00 in 3Q 2022). Revenue: US$548.2m (down 3.0% from 3Q 2022). Net income: US$123.6m (down 8.2% from 3Q 2022). Profit margin: 23% (down from 24% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Oct 12
SeaWorld Entertainment, Inc. to Report Q3, 2023 Results on Nov 08, 2023 SeaWorld Entertainment, Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 08, 2023 Recent Insider Transactions • Aug 28
Chief Legal Officer recently sold €1.1m worth of stock On the 24th of August, George Taylor sold around 24k shares on-market at roughly €45.08 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.1m. Insiders have been net sellers, collectively disposing of €949k more than they bought in the last 12 months. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: US$1.36 (vs US$1.63 in 2Q 2022) Second quarter 2023 results: EPS: US$1.36 (down from US$1.63 in 2Q 2022). Revenue: US$496.0m (down 1.7% from 2Q 2022). Net income: US$87.1m (down 25% from 2Q 2022). Profit margin: 18% (down from 23% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Announcement • Jul 18
SeaWorld Entertainment, Inc. to Report Q2, 2023 Results on Aug 08, 2023 SeaWorld Entertainment, Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 08, 2023 Announcement • Jul 06
Seaworld Entertainment, Inc. Announces Retirement of Michelle Adams as Chief Transformation Officer , Effective August 4, 2023 SeaWorld Entertainment, Inc. announced that Chelle Adams, Chief Transformation Officer of SeaWorld Entertainment, Inc., intends to retire from SeaWorld in order to pursue personal opportunities effective August 4, 2023. Ms. Adams will be available to the company over the coming months to ensure a smooth transition. Recent Insider Transactions • Jun 18
Independent Director recently sold €1.1m worth of stock On the 13th of June, William Gray sold around 20k shares on-market at roughly €55.77 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.7m more than they bought in the last 12 months. Recent Insider Transactions • May 16
Insider recently sold €50k worth of stock On the 12th of May, Byron Surrett sold around 957 shares on-market at roughly €52.73 per share. This transaction amounted to 7.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.0m. Insiders have been net sellers, collectively disposing of €1.5m more than they bought in the last 12 months. Buying Opportunity • May 11
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be €66.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 88%. Revenue is forecast to grow by 7.7% in 2 years. Earnings is forecast to grow by 25% in the next 2 years. Reported Earnings • May 09
First quarter 2023 earnings released: US$0.26 loss per share (vs US$0.12 loss in 1Q 2022) First quarter 2023 results: US$0.26 loss per share (further deteriorated from US$0.12 loss in 1Q 2022). Revenue: US$293.3m (up 8.4% from 1Q 2022). Net loss: US$16.5m (loss widened 83% from 1Q 2022). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Board Change • Apr 06
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Javier Perez was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 21
Chief Legal Officer recently sold €1.0m worth of stock On the 14th of March, G. Taylor sold around 19k shares on-market at roughly €54.21 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.4m more than they bought in the last 12 months. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: US$4,183 (vs US$3.28 in FY 2021) Full year 2022 results: EPS: US$4,183 (up from US$3.28 in FY 2021). Revenue: US$1.73b (up 15% from FY 2021). Net income: US$291.2m (up 14% from FY 2021). Profit margin: 17% (in line with FY 2021). Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 171% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Announcement • Feb 03
SeaWorld Entertainment, Inc. to Report Q4, 2022 Results on Feb 28, 2023 SeaWorld Entertainment, Inc. announced that they will report Q4, 2022 results Pre-Market on Feb 28, 2023 Announcement • Dec 02
SeaWorld Entertainment, Inc. Announces Demise of Charles A. Koppelman, Board of Directors SeaWorld Entertainment, Inc. regrets to report that Charles A. Koppelman, a member of the company’s board of directors, passed away on November 25, 2022. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: US$2.00 (vs US$1.29 in 3Q 2021) Third quarter 2022 results: EPS: US$2.00 (up from US$1.29 in 3Q 2021). Revenue: US$565.2m (up 8.4% from 3Q 2021). Net income: US$134.6m (up 32% from 3Q 2021). Profit margin: 24% (up from 20% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Oct 14
SeaWorld Entertainment, Inc. to Report Q3, 2022 Results on Nov 09, 2022 SeaWorld Entertainment, Inc. announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Nov 09, 2022 Recent Insider Transactions • Sep 02
CFO & Treasurer recently bought €2.0m worth of stock On the 30th of August, Michelle Adams bought around 39k shares on-market at roughly €50.94 per share. This transaction increased Michelle's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Michelle's only on-market trade for the last 12 months. Recent Insider Transactions • Aug 12
Interim Chief Human Resources Officer recently sold €106k worth of stock On the 10th of August, Daniel Mayer sold around 2k shares on-market at roughly €53.04 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €308k more than they sold in the last 12 months. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$1.63 (vs US$1.62 in 2Q 2021) Second quarter 2022 results: EPS: US$1.63. Revenue: US$504.8m (up 15% from 2Q 2021). Net income: US$116.6m (down 8.7% from 2Q 2021). Profit margin: 23% (down from 29% in 2Q 2021). Over the next year, revenue is forecast to grow 6.4%, compared to a 707% growth forecast for the industry in Germany. Announcement • Aug 05
SeaWorld Entertainment, Inc. (NYSE:SEAS) announces an Equity Buyback for $250 million worth of its shares. SeaWorld Entertainment, Inc. (NYSE:SEAS) announces a share repurchase program. Under the program, the company will repurchase up to $250 million worth of its shares. The program has no time limit. Board Change • Jul 31
High number of new directors Independent Director Kim Schaefer was the last director to join the board, commencing their role in 2020. Announcement • Jul 13
SeaWorld Entertainment, Inc. to Report Q2, 2022 Results on Aug 04, 2022 SeaWorld Entertainment, Inc. announced that they will report Q2, 2022 results Pre-Market on Aug 04, 2022 Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €39.40, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 18x in the Hospitality industry in Europe. Total returns to shareholders of 47% over the past three years. Announcement • Jun 18
Seaworld Entertainment, Inc. Appoints Michelle F. Adams as Chief Financial Officer SeaWorld Entertainment, Inc. announced that Michelle "Chelle" F. Adams will assume the role of Chief Financial Officer (CFO) and Treasurer effective immediately. Ms. Adams served as the Chief Financial Officer of The Cosmopolitan of Las Vegas where she was responsible for oversight of the company's day-to-day external and internal accounting and reporting functions, driving business transformation and process improvement across the organization, and playing a key role in the successful sale of The Cosmopolitan of Las Vegas last month. Prior to joining The Cosmopolitan of Las Vegas, Adams was the Partner-in-charge of the Hospitality and Gaming Industry Group at RubinBrown LLP and a Manager at Deloitte & Touche LLP. Recent Insider Transactions • May 18
Independent Director recently bought €135k worth of stock On the 13th of May, Timothy Hartnett bought around 3k shares on-market at roughly €53.96 per share. In the last 3 months, they made an even bigger purchase worth €135k. Despite this recent purchase, insiders have collectively sold €1.1m more in shares than they bought in the last 12 months. Reported Earnings • May 06
First quarter 2022 earnings released: US$0.12 loss per share (vs US$0.57 loss in 1Q 2021) First quarter 2022 results: US$0.12 loss per share (up from US$0.57 loss in 1Q 2021). Revenue: US$270.7m (up 57% from 1Q 2021). Net loss: US$8.99m (loss narrowed 80% from 1Q 2021). Over the next year, revenue is forecast to grow 9.6%, compared to a 114% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 02
SeaWorld Entertainment, Inc., Annual General Meeting, Jun 13, 2022 SeaWorld Entertainment, Inc., Annual General Meeting, Jun 13, 2022, at 11:00 Eastern Daylight. Agenda: To elect the ten director nominees listed herein; to ratify the appointment of Deloitte & Touche LLP as independent registered public accounting firm for 2022; to approve, in a non-binding advisory vote and to consider such other business as may properly come before the Annual Meeting and any adjournments or postponements thereof. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Kim Schaefer was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 20
SeaWorld Entertainment, Inc. to Report Q1, 2022 Results on May 05, 2022 SeaWorld Entertainment, Inc. announced that they will report Q1, 2022 results Pre-Market on May 05, 2022 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €57.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the Hospitality industry in Europe. Total returns to shareholders of 171% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €85.07 per share. Recent Insider Transactions • Mar 11
Independent Director recently bought €135k worth of stock On the 7th of March, Timothy Hartnett bought around 3k shares on-market at roughly €54.00 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €1.2m more in shares than they bought in the last 12 months. Announcement • Mar 06
SeaWorld Entertainment, Inc. Announces Executive Changes SeaWorld Entertainment, Inc. announced Christopher Yarris, chief accounting officer notified the company of his decision to resign to pursue a different career opportunity, effective March 4, 2022. Effective March 5, 2022, the board of directors of the company elected Elizabeth Castro Gulacsy, the company’s chief financial officer and treasurer, to also serve as interim chief accounting officer temporarily until a permanent or another interim chief accounting officer is appointed. Elizabeth Castro Gulacsy served as chief financial officer and treasurer since May 2021. Prior to that served as interim chief financial officer and treasurer from April 2020 to May 2021 and from September 2019 to November 2019. Elizabeth served as chief accounting officer of the company from August 2017 to April 2021. Ms. Gulacsy previously served as corporate vice president, financial reporting from 2016 to 2017 and director, financial reporting from 2013 to 2016. Prior to joining the company, from 2011 to 2013, Ms. Gulacsy served as chief accounting officer and corporate controller for Cross Country Healthcare, Inc., from 2006 to 2011 Elizabeth served as their director of corporate accounting and from 2002 to 2006 as their assistant controller. From 1997-2002, Ms. Gulacsy was an auditor for Ernst & Young LLP, most recently served as audit manager. Ms. Gulacsy is a member of the audit committee for IAAPA, the global association for the theme park industry. Ms. Gulacsy previously served as a board member and treasurer for the SeaWorld and Busch Gardens Conservation Fund from 2018 to 2020. Reported Earnings • Feb 25
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$3.28 (up from US$3.99 loss in FY 2020). Revenue: US$1.50b (up 248% from FY 2020). Net income: US$256.5m (up US$568.8m from FY 2020). Profit margin: 17% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 10%, compared to a 108% growth forecast for the restaurants industry in Germany. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Announcement • Feb 04
SeaWorld Entertainment, Inc. to Report Q4, 2021 Results on Feb 24, 2022 SeaWorld Entertainment, Inc. announced that they will report Q4, 2021 results After-Market on Feb 24, 2022 Announcement • Feb 02
SeaWorld Reportedly Makes $3.4 Billion Takeover Bid for Cedar Fair SeaWorld Entertainment, Inc. (NYSE:SEAS) has offered to buy Cedar Fair, L.P. (NYSE:FUN) for around $3.4 billion, people with knowledge of the matter said. SeaWorld made a bid of about $60 per unit in cash for Cedar Fair, according to the people, who asked not to be identified because the information is private. The companies are working with advisers on the proposal, the people said. Deliberations are ongoing, and it’s unclear whether the approach will lead to a transaction, the people said. Cedar Fair confirmed in a statement that it had received and was reviewing an “unsolicited, non-binding” proposal from SeaWorld. Perella Weinberg Partners LP and Weil Gotshal & Manges LLP are advising Cedar Fair. A spokesperson for SeaWorld didn’t immediately respond to a request for comment. Recent Insider Transactions • Nov 29
Independent Director recently bought €144k worth of stock On the 23rd of November, Timothy Hartnett bought around 3k shares on-market at roughly €57.70 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €1.4m more in shares than they bought in the last 12 months. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS US$1.29 (vs US$1.01 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$521.2m (up 391% from 3Q 2020). Net income: US$102.1m (up US$181.3m from 3Q 2020). Profit margin: 20% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Announcement • Aug 26
SeaWorld San Diego Announces Opening of Highly Anticipated Dive Coaster, Emperor, in March 2022 SeaWorld San Diego announced the opening of the highly anticipated dive coaster, Emperor, in March 2022. Joining other thrill rides at the park, Emperor will be the tallest, fastest, and longest dive coaster in California, as well as the only floorless dive coaster in the state. Named after the world's largest penguin, the new coaster will mimic this species' amazing underwater diving ability. Climbing to 153 feet with feet dangling in the air, riders will be suspended on a 45-degree angle at the crown of the ride before plunging down a 143-foot facedown vertical drop, accelerating to more than 60 miles per hour. Riders will also experience inversions, barrel roll, Immelmann loop, hammerhead turn and flat spin as they race along the nearly 2,500 feet of track. Each of the floorless ride cars will hold 18 riders in three, six-person rows. This is the first seating configuration of its kind in North America. SeaWorld San Diego is the only place in North America to see the amazing Emperor penguins. Guests can watch the playful antics of penguins tall and small including Emperor and King penguins, plus smaller Adelie, Gentoo, Chinstrap and Macaroni penguins at the Penguin Encounter indoor exhibit. Executive Departure • Aug 25
Chief Operating Officer Thomas Iven has left the company On the 20th of August, Thomas Iven's tenure as Chief Operating Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.00 years. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS US$1.62 (vs US$1.68 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$439.8m (up US$421.8m from 2Q 2020). Net income: US$127.8m (up US$258.8m from 2Q 2020). Profit margin: 29% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Jun 05
Chief Legal Officer recently sold €1.5m worth of stock On the 27th of May, G. Taylor sold around 34k shares on-market at roughly €44.66 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.8m more than they bought in the last 12 months. Announcement • Mar 06
Seaworld Parks Now Open and Operating with Enhanced Safety Measures for the 2021 Season SeaWorld parks in Orlando, San Antonio and San Diego are welcoming guests back with extended operating schedules, exciting experiences, open air events, inspiring animal presentations and exhibits, thrilling attractions, and fan-favorite events that have made SeaWorld a leading destination for friends and families from coast to coast. Come and experience each of parks' magnificent animal interactions, presentations and exhibits while soaring to new heights on roller coasters and ride attractions.* Guests can explore each of SeaWorld parks 100 plus acres of outdoor grounds with enhanced health and safety measures in place. As part of those measures, reservations are required to manage capacity, so guests are encouraged to purchase their date-specific tickets in advance of their visit to secure admission. HEALTH AND SAFETY PROTOCOLS: SeaWorld is committed to the health and safety of its guests, employees, and the animals in its care. The parks have worked diligently with state and local health officials, outside consultants, and attraction industry leaders to enhance already strict health, safety, and cleanliness standards. These protocols and guidelines will be modified based on evolving industry standards and methodologies, public health, and governmental directives, and advancing scientific knowledge on the transmissibility of COVID-19. TICKETS AND ANNUAL PASSES: Guests can purchase annual passes at all parks which provide admission for 12 months including admission to popular events. All single or multi-day tickets must be purchased online and guests can also add on a dining bundle, varied by park, that allows guests to dine all day during their visit. Guests interested in visiting SeaWorld Orlando or San Diego again and again through 2021 can purchase a Fun Card for the regular price of a single-day ticket or explore a Bronze, Silver, Gold or Platinum Annual Pass to maximize the in-park experience. At SeaWorld San Diego and SeaWorld Orlando, guests at the Seven Seas Food Festivals can purchase a 10-sample lanyard starting at only $60 or a 15-sample lanyard for the best savings. SeaWorld San Diego and SeaWorld Orlando Annual Pass Members can enjoy even more flavor and savings with 3 free samples included in the purchase of an 18-sample lanyard. SeaWorld San Antonio's Seven Seas Food Festival ticket and food lanyard details will be announced soon. Reported Earnings • Feb 26
Full year 2020 earnings released: US$3.99 loss per share (vs US$1.11 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$431.8m (down 69% from FY 2019). Net loss: US$312.3m (down 449% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. 
