SeaWorld reports Q3 EPS $1.99, consensus $2.13

Reports Q3 revenue $565.21M, consensus $606.13M. Attendance was 7.3M guests, an increase of 0.1M guests or 1.5% from the third quarter of 2021. Total revenue per capita increased 6.8% to a record $77.05 from the third quarter of 2021. Admission per capita increased 4.1% to a record $42.75, while in-park per capita spending increased 10.4% to a record $34.30 from the third quarter of 2021. "I am happy to report our sixth consecutive quarter of record financial results," said Marc Swanson, CEO of SeaWorld Entertainment. "While we achieved records for revenue, net income and Adjusted EBITDA in the quarter, these results still do not reflect a normalized operating environment and we still have significant scope to improve our execution and our financial results. We had a meaningful impact from adverse weather in the quarter, including Hurricane Ian, that we estimate led to 90,000 less guest visits during the quarter; international and group visitation are still not back to pre-Covid levels; our staffing is still not at optimized levels; and inflationary pressures continue to impact our costs. We are pleased with the growth in total revenue and total revenue per capita during the quarter which continued to demonstrate our pricing power and the strength of consumer spending in our parks."