Early bird
tickets
available now!
Savills
Savills
Savills
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
Heritage Great Britain
c£70,000 + benefits + relocation support
Snowdonia, North Wales
Bolton Arena
£Competitive + pension + benefits
Bolton, Greater Manchester
star job
Fife Sports and Leisure Trust Ltd
£56,107.80 - £63,165.86pa + benefits
Dunfermline, Scotland
London South Bank University
£31,396 to £34,557, inclusive of £4,952 London Weighting
Southwark Campus
Everyone Active
Competitive rates of pay
South Oxhey Leisure Centre, Watford

SeaWorld profits down 84 per cent in latest earnings report

Job opportunities
Heritage Great Britain
c£70,000 + benefits + relocation support
location: Snowdonia, North Wales, United Kingdom
more jobs

SeaWorld has attributed an 84 per cent drop in profits to its ongoing PR push as the company tries to repair its damaged reputation.

SeaWorld has been struggling to restore its reputation, tarnished by the 2013 documentary Blackfish, which alleged an orca at the attraction killed its trainer because it was traumatised by its living conditions. As a result, the company’s stock value plummeted, attendance lagged and sponsors withdrew their support for the company.

SeaWorld hasn’t sat back however, launching a massive marketing push, known as the Truth Campaign, to rehabilitate its name and reputation. SeaWorld is also planning to build significantly larger enclosures to improve its whales lives at the cost of several hundred million dollars.

The company reported Q2 profits of US$5.8m (€5.3m, £3.7m), down from an operating profit of US$37.4m (€34.2m, £24.1m) for the same period in 2014. Total revenues for the three months ended 30 June were US$391.6m (€362.7m, £255.2m), down from US$405.2m (€371m, £261.1m) in 2014.

The expense of its multi-million dollar PR campaign, says SeaWorld, is what resulted in the Q3 earnings coming in so low.

While income is down significantly, attendance is actually slightly up on 2014 for the first six months of the year in its Florida parks, while overall attendance across its 11 theme parks has declined by around 2 per cent – a drop of around 100,000 people. Share prices have also risen 4 per cent since the last quarter.

“We realise we have much work ahead of us to recover more of our attendance base," said new CEO Joel Manby, speaking to investors. “Fully resolving our brand challenges, specifically in California, will require sustained focus and commitment to correct misinformation.”

Manby added that the company has been adding exciting new attractions in Orlando, with a shark-themed roller coaster at SeaWorld Orlando and an Egypt-themed coaster at Busch Gardens Tampa both scheduled to open in 2016, and that he would set out his vision for the future of SeaWorld at a special event on 6 November.

Sign up for FREE ezines & magazines
SeaWorld has attributed an 84 per cent drop in profits to its ongoing PR push as the company tries to repair its damaged reputation.
TAW,VAT
368071_257262.jpg

More News

1 - 15 of 68,042
22 Jul 2024
US health and fitness giant, Planet Fitness, which flagged plans to launch in Spain back in February, has officially announced the opening of its first ... More
22 Jul 2024
Plans have been unveiled for La Maviglia, a new luxury resort and expansive medi-spa set to open in Italy's Puglia region, renowned for its Primitivo ... More
19 Jul 2024
Auberge Resorts Collection will launch its first UK property and destination spa in Mayfair, London, in 2025, following a deal with UK-based global private investment ... More
19 Jul 2024
Urban Gym Group CEO Neil Randall talks in this month’s HCM about how being passed over for promotion taught him the resilience to power through ... More
19 Jul 2024
A large new mineral springs destination has launched in Texas, inspired by some of the world’s most famous hot springs – such as Jordan’s Dead ... More
18 Jul 2024
Boxing and strength franchise UBX has taken a step closer to realising its ambitions to be the largest boxing provider in the Middle East by ... More
Life Fitness (UK) Ltd
Life Fitness (UK) Ltd
18 Jul 2024
Fitness International has announced the acquisition of XSport Fitness, adding to its portfolio of brands, which includes LA Fitness, Esporta Fitness, City Sports Club and ... More
18 Jul 2024
A thought-provoking, US national probability study, The WELLSurvey™, has revealed that the majority of Americans now include several health and wellness practices in their everyday ... More
17 Jul 2024
Community Leisure UK (CLUK) and The Richmond Group of Charities have joined forces to support charitable trusts and social enterprises in strengthening their programmes for ... More
18 Jul 2024
US integrative wellness brand The Well has named Ariella Willoughby as its new VP of operations, aiming to drive significant growth and operational success across ... More
17 Jul 2024
Mental Health Swims has been awarded almost £18,000 of lottery money to extend its mission to support mental health through swimming. The community organisation was ... More
16 Jul 2024
Employee wellness app GoJoe has teamed up with Les Mills for a major new content offering, giving access to hundreds of new workouts. The partnership ... More
16 Jul 2024
Former footballer, David Beckham, has become a strategic investor in health sciences company, Prenetics, which pioneers scientific advancements in health. The partners have co-founded a ... More
16 Jul 2024
Middleton Enterprises, a UK-based family investment office, has committed £1.6 million (US$2.1 million, €1.9 million) in funding to the Light Centre – a network of ... More
16 Jul 2024
Gymbox has partnered with Haringey Council and not-for-profit organisation, Raza Sana, to give opportunities to those living in disadvantaged communities. Yesterday (15 July) saw the ... More
1 - 15 of 68,042
Savills
Savills