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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
United Parks & Resorts
United Parks & Resorts (PRKS) investor relations material
United Parks & Resorts Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary5 Nov, 2026
Executive summary
Q3 revenue fell 1.1% YoY to $506.5M; attendance declined 4.7%, while total revenue per capita rose 3.8% to $78.29. Net income fell 10.5% to $80.0M and Adjusted EBITDA fell 5.1% to $205.1M.
Management sees a path to higher attendance, revenue, Adjusted EBITDA and free cash flow in 2027 and beyond, citing pass trends, forward bookings, international recovery, new attractions and cost initiatives.
Financial highlights
Q3 operating income was $140.6M, down 7.3%; diluted EPS was $1.74 vs. $1.61 YoY. Total costs and expenses rose 1.6% to $365.8M, including a 13.1% increase in SG&A to $68.6M.
9M revenue was $1,268.1M, down 1.6%; net income was $109.2M, down 28.8%, and Adjusted EBITDA was $458.6M, down 6.4%.
9M operating income was $249.3M, down 19.3%; diluted EPS was $2.29 vs. $2.76 YoY. Interest expense declined 5.3% to $96.2M.
9M Operating Segment Adjusted EBITDA was $536.1M vs. $569.3M; segment revenue was $1.268B.
Outlook and guidance
2027 Discovery Cove and group forward-booking revenue was running at double-digit YoY growth; 2027-specific pass products were up more than 15% as of Oct. 31.
Total pass sales rose almost 8% in Q3, and the paid pass base was positive as of Oct. 31; October revenue was projected to grow despite severe weather.
2027 gross cost-savings target is an additional $40M–$50M; management aims to keep cost growth flat to extremely low single digits and realize net savings.
2026 sponsorship revenue is on track for $12M–$15M, with sponsorships expected to become at least a $30M business in coming years; 2026 CapEx is expected to be less than $250M.
Holiday events and new or upgraded attractions are planned for 2027, including SEAQuest: Legends of the Deep and Return to Corkscrew Hill.
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Latest events from United Parks & Resorts
- Q2 2026 net income fell 21% as attendance dropped, but in-park spending and bookings hit new highs.PRKS
Q2 2026 - Directors elected, auditor ratified, and 2026 growth plans outlined amid resilience focus.PRKSAGM 2026
- Q1 2026 revenue and attendance fell, but record in-park spending and strong bookings signal optimism.PRKSQ1 2026
- Board recommends all proposals, with performance-based pay and Hill Path's influence highlighted.PRKSProxy filing
- Virtual meeting to elect directors, ratify KPMG, and hold advisory votes on executive pay.PRKSProxy filing
- 2025 attendance and revenue declined, but record in-park spending and cost focus set up 2026 growth.PRKSQ4 2025
- Q3 2025 revenue and net income fell on lower attendance, but in-park spending and liquidity are strong.PRKSQ3 2025
- Q3 attendance fell on weather, but record in-park spending and 2025 demand drive optimism.PRKSQ3 2024
- Despite a Q1 revenue dip, record in-park spending and strong April attendance support a positive 2025 outlook.PRKSQ1 2025
Next United Parks & Resorts earnings date
Q4 202626 Feb, 2027
United Parks & Resorts
Next United Parks & Resorts earnings date
Q4 202626 Feb, 2027
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Frequently asked questions
United Parks & Resorts Inc operates theme parks and entertainment venues under various brand names. The company manages amusement parks, marine life parks, and water parks, offering rides, shows, and animal exhibits across the United States. The company is headquartered in Orlando, Florida, and its shares are listed on the NYSE.