Early bird
tickets
available now!
Savills
Savills
Savills
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
star job
New Hall School
£3,768pa (9.00am-2.00pm, Saturdays, in term time)
Chelmsford, Essex
star job
Pendle Leisure Trust
£Competitive + fabulous benefits package
Nelson, Lancashire
Everyone Active
Competitive rates of pay
South Oxhey Leisure Centre, Watford
Heritage Great Britain
c£70,000 + benefits + relocation support
Snowdonia, North Wales
City of London Corporation
£35,663 - £39,805pa + Local Govt Pension + benefits
Epping Forest, London

Results improving for SeaWorld as operator records strong first quarter

Job opportunities
Pendle Leisure Trust
£Competitive + fabulous benefits package
location: Nelson, Lancashire, United Kingdom
City of London Corporation
£35,663 - £39,805pa + Local Govt Pension + benefits
location: Epping Forest, London, United Kingdom
Heritage Great Britain
c£70,000 + benefits + relocation support
location: Snowdonia, North Wales, United Kingdom
more jobs

SeaWorld could finally be about to turn a financial corner, after the operator reported a strong start to the year with its first quarter results.

Following a series of poor financial results after several years of decline stemming from the Blackfish controversy, SeaWorld's cost-cutting initiatives and new focus on experiences that matter seems to be taking effect.

For the first three months of the year, the operator reported revenue increases of US$30.8m (€25.9m, £22.8m) compared to the same period in 2017, totalling US$217.2m (€182.9m, £160.6m) for the quarter.

Attendance has also trended positively in Q1, up 14.9 per cent to 3.2 million visitors – an increase of 400,000 guests.

With only five of its 12 parks open for the first quarter, the company incurred an expected overall loss for the quarter of US$62.8m (€52.8m, £46.4m) – US$21.5m (€18.1m, £15.9m) of which was in relation to pre-tax expenses associated with separation-related costs and a legal settlement accrual in the first quarter of 2018.

Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) significantly improved year-on-year, with a loss for the quieter quarter of US$100,000 (€84,000, £74,000) – an improvement of US$30.2m (€25.4m, £22.3m) over last year's Q1.

Despite the positive results, SeaWorld has had a tumultuous start to the year at board level, with several senior departures, including former CEO Joel Manby. Manby, who was named CEO in March 2015, had taken numerous steps to turn around the company’s fortunes, implementing many of the measures now starting to take noticeable effect.

Under its transition plan, chief parks operations officer John Reilly has succeeded Manby on a temporary basis.

"Despite this strong start to the year, we know we have significant opportunity for further improvement," said Reilly.

"In addition to positive attendance trends, we also saw a more than 10 per cent increase in season pass sales revenue and an increase in total revenue per capita driven by a 6.4 per cent increase in in-park per capita spending.

"We are driving additional attendance, revenue and adjusted EBITDA through our enhanced communications activities, the anticipation and receptivity of our new rides, attractions and events, more focused operational execution, improved pricing strategies and a relentless focus on efficiencies."

SeaWorld has a number of major openings scheduled for 2018, including its Premier Rides-designed Electric Eel rollercoaster in San Diego and the Intamin-manufactured Infinity Falls raft ride in Orlando. The operator also recently released renderings for its new Sesame Street Land, which opens in Orlando in Q2 2019.

Sign up for FREE ezines & magazines
SeaWorld could finally be about to turn a financial corner, after the operator reported a strong start to the year with its first quarter results.
TAW,VAT
THUMB26557_952092.jpg

More News

1 - 15 of 68,007
03 Jul 2024
Happy staff make more profitable businesses is the message of Jetts CEO, Elaine Jobson’s new book High Performance through Happy People. Jobson will be travelling ... More
03 Jul 2024
Grand Hotel Son Net – a stylish, art-filled Mallorcan boutique hotel – has launched a brand-new spa and wellness area, after reopening in 2023. Reserved ... More
02 Jul 2024
The European College of Sports Science (ECSS) welcomes 3,000 academics to the University of the West of Scotland in Glasgow from today (2 July) to ... More
01 Jul 2024
According to research carried out in the US by YouGov, cost is the main reason for cancelling gym memberships, followed by a change of circumstances ... More
01 Jul 2024
Village Hotels has changed hands following a deal between the owner – an affiliate of KSL Capital Partners – and funds managed by Blackstone Real ... More
02 Jul 2024
The Global Wellness Institute (GWI) has released a new report emphasising the critical role of mental wellness in supporting overall mental health. Authored by GWI ... More
Life Fitness (UK) Ltd
Life Fitness (UK) Ltd
28 Jun 2024
In 2026, the traditional bathhouse experience will get a futuristic twist with the arrival of Submersive – an innovative concept combining classical spa therapies with ... More
28 Jun 2024
Lifestyle hospitality company Sbe is branching into longevity and wellness with a new brand of properties, the first of which will open in LA’s Century ... More
27 Jun 2024
F45 Training has become the first health and fitness operator to make its functional/HIIT group workouts available on Strava, the digital community with 125 million ... More
26 Jun 2024
PureGym has partnered with the British Heart Foundation to upload all of its defibrillators to The Circuit, which allows the ambulance service to access them ... More
26 Jun 2024
A new study by the University of Sydney is one of the first to objectively measure whether daily steps can offset the health risks of ... More
26 Jun 2024
Thirty one per cent of adults worldwide – approximately 1.8 billion people – did not meet the recommended levels of physical activity in 2022, according ... More
25 Jun 2024
Gymshark has launched a new global brand platform, We Do Gym, to make it clear the made-by-lifters-for-lifters apparel is aimed directly at the gym market. ... More
24 Jun 2024
The 15th annual Good Spa Guide (GSG) Awards winners were unveiled tonight (24 June) at a gala dinner during the Spa Life Convention in Hampshire, ... More
21 Jun 2024
Conde Nast’s iconic fashion and lifestyle magazine, Vogue, has launched a Global Spa Guide, curating 100 of the world's leading spas. Showcasing a wide range ... More
1 - 15 of 68,007
Savills
Savills