"United Parks & Resorts (PRKS) said Q1 results fell short of expectations as reported attendance was down 5.0% from a year ago in Q1 to 3.2M guests. Unfavorable weather in San Diego and Florida in January and February, and again in Florida and Texas during their peak spring break periods, were factors, as well as a decline in international attendance.
Total revenue per person increased 2.1% to $86.43 during the quarter. Admission per person decreased 0.5% to $45.81, while in-park per person spending increased 5.3% to a record $40.62. Total revenue fell 3.0% to $278.3M to miss the consensus estimate by $1.3M.
Adjusted EBITDA fell 14.1% year over year to $58M."
People have finally had enough of their price gouging and surcharging.