Attendance decline and revenue slip affect SeaWorld’s quarterly performance
- SeaWorld’s 3Q earnings impacted by drop in attendance
- Quarterly profit of $123.6 million, down from $134.6 million last year
- Revenue slipped 3% to $548.2 million
- Attendance fell about 3%
- Per-capita spending rose in October
- SeaWorld making progress on plans to open hotels and expand internationally
- Cedar Fair and Six Flags merger creates $3.5 billion competitor to SeaWorld
SeaWorld’s third-quarter earnings were negatively affected by a drop in attendance for the late-summer season. The company reported a quarterly profit of $123.6 million, down from $134.6 million in the same period last year. Revenue slipped 3% to $548.2 million, while attendance fell about 3%. Despite the decline, per-capita spending rose in October, during the critical Halloween stretch. SeaWorld is also making progress on its plans to open hotels and expand internationally. However, the company now faces increased competition with the merger of Cedar Fair and Six Flags, creating a $3.5 billion rival to SeaWorld.
Factuality Level: 8
Factuality Justification: The article provides specific financial information about SeaWorld’s third-quarter earnings, including profit, revenue, and attendance figures. It also includes statements from SeaWorld’s CEO about the company’s progress and future plans. The information is supported by data from FactSet, a reputable source. However, the article does not provide any opposing viewpoints or potential challenges that SeaWorld may face, which could affect the overall factuality level.
Noise Level: 4
Noise Justification: The article provides some relevant information about SeaWorld’s third-quarter earnings, attendance, and revenue. However, it lacks in-depth analysis, scientific rigor, and actionable insights. It also does not explore the consequences of SeaWorld’s performance on those who bear the risks, such as employees or investors. Overall, the article contains some noise and filler content, but it stays on topic and supports its claims with data.
Financial Relevance: Yes
Financial Markets Impacted: SeaWorld’s third-quarter earnings and attendance
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses SeaWorld’s third-quarter earnings and attendance, which are financial topics. There is no mention of any extreme event.
Public Companies: SeaWorld (SEAS), Cedar Fair (FUN), Six Flags (SIX)
Key People: Marc Swanson (Chief Executive)
Reported publicly:
www.marketwatch.com 
