SeaWorld Entertainment annual attendance and total revenue up 8.6%, EBITDA improved by 35%

Posted Thursday, February 28, 2019 8:11 PM | Contributed by Jeff

From the press release:

  • Attendance increased by 1.8 million guests, or 8.6%, to 22.6 million guests from 2017.
  • Total revenue increased by $109.0 million, or 8.6%, to $1.37 billion from 2017.
  • Net income was $44.8 million, compared to a net loss of $202.4 million in 2017. Net income for 2018 includes approximately $54.0 million of certain pre-tax expenses as discussed further below. Net loss in 2017 includes approximately $301.4 million of certain pre-tax expenses, including a non-cash goodwill impairment charge, as discussed further below.
  • Adjusted EBITDA was $401.3 million, an improvement of $103.9 million, or 35.0%, over 2017.
  • The Company repurchased approximately 3.65 million shares of common stock at a total cost of approximately $98.0 million during the fourth quarter. The Company's Board of Directors approved a replenishment of $158.0 million to its existing share repurchase authorization to bring the total authorization to $250.0 million.
  • In 2018, the Company helped rescue and rehabilitate over 2,600 animals and surpassed 34,000 total rescues over its history.

Read the entire press release on PR Newswire.

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