BY GABRIELLE
SeaWorld Entertainment, the family-friendly entertainment, amusement park and attraction company headquartered in Orlando, has announced attendance and revenue growth for the second quarter and first six months of 2019.
During the second quarter of 2019, the company’s attendance grew by 0.8% to 6.5 million guests. Revenue during the same period increased by 3.6% to $406 million.
In the first six months of 2019, attendance rose by 1.7% to 9.8 million guests, as revenue saw a 2.9% increase, taking the total revenue in the first six months of 2019 to $626.6 million.
Gus Antorcha, CEO of SeaWorld Entertainment, spoke about the rise in attendance and revenue.
“We are pleased to report another strong quarter of financial results and continued progress towards our 2020 Adjusted EBITDA goal of $475 million to $500 million,” said Antorcha.
“Our second quarter net income of over $52 million and Adjusted EBITDA of over $149 million and our trailing twelve-month net income of over $100 million and Adjusted EBITDA of over $443 million were record-setting results that were driven by both revenue growth and our cost efficiency initiatives,” SeaWorld Entertainment’s CEO added.
SeaWorld Entertainment has continued to add new attractions, rides and events to its resorts, resulting in an increase in both attendance and revenue.
Antorcha noted the new rides, attractions and events the company has introduced at many of its venues this year.
“Our exciting summer events are currently in full swing including our one-of-a-kind Sesame Parade in Orlando, San Diego and San Antonio, our award-winning Electric Ocean event at each of our SeaWorld parks and our Summer Nights event at each of our Busch Gardens parks, giving our guests even more reasons to visit,” said Antorcha.
