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SeaWorld Entertainment, Inc. Reports First Quarter 2021 Results
May 6, 2021 GMT
SEAS (PRNewsFoto/SeaWorld Entertainment, Inc.)
ORLANDO, Fla., May 6, 2021 /PRNewswire/ SeaWorld Entertainment, Inc. (NYSE: SEAS), a leading theme park and entertainment company, today reported its financial results for the first quarter of 2021.[1]
First Quarter 2021 Highlights
Attendance was 2.2 million guests, a decline of 0.1 million guests, or 4.5%, from the first quarter of 2020. Compared to the first quarter of 2019, attendance declined by 1.1 million guests or 33.7%.
Total revenue was $171.9 million, an increase of $18.4 million, or 12.0% from the first quarter of 2020. Compared to the first quarter of 2019, total revenue declined by $48.7 million or 22.1%.
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ORLANDO, Fla., May 6, 2021 /PRNewswire/
SeaWorld Entertainment, Inc. (NYSE: SEAS), a leading theme park and entertainment company, today announced the appointment of Marc Swanson to the position of Chief Executive Officer ( CEO ) and Elizabeth Castro Gulacsy as Chief Financial Officer ( CFO ) and Treasurer. All changes are effective immediately. SeaWorld s Board of Directors (the Board ) unanimously approved the appointments.
Mr. Swanson previously served as interim CEO and has been with the Company for over 20 years, having held a number of leadership positions including as CFO and Treasurer. Ms. Gulacsy previously served as interim CFO and Treasurer and has been with the Company for eight years, having most recently served as Chief Accounting Officer.
(Photo : SeaWorld Committed to Combating Coral Reef Disease in Florida)
The Florida Reef stretches approximately 360 miles from Dry Tortugas National Park west of the Florida Keys to the St. Lucie Inlet in Martin County. This area faces imminent danger from an outbreak of coral disease termed stony coral tissue loss disease. Already in decline due to degraded water quality, climate change, and an expanding South Florida population, the reef has become the focus of a crisis intervention led by dozens of partners from federal, state, and local agencies; non-governmental organizations; universities; and members of the community.
SeaWorld is among those actively combatting this destructive disease in an ongoing effort to support and protect the environment. Historically, SeaWorld has established numerous resources and funds to help support environmental conservation. SeaWorld s Management Team, which includes interim CEO Marc Swanson and Founder and Managing Partner of Hill Pa
SeaWorld, parent company of Busch Gardens, reports steady improvement in profits
Interim CEO Marc Swanson was given the top job on the same day the companyâs first-quarter earnings report beat Wall Street expectations.
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SeaWorld Entertainment, the Orlando-based parent company of Busch Gardens, beat Wall Street expectations in its first-quarter earnings report released this week. [ JOHN RAOUX | AP ]
Updated May 6
The interim CEO of SeaWorld Entertainment, Marc Swanson, has been given the top job, the company announced on the same day it released a first-quarter earnings report that showed a steadily improving financial picture.
The earnings report from the Orlando-based parent company of Busch Gardens beat Wall Street expectations with a slight uptick in revenue since mid-March of last year. Thatâs when all 12 of its theme parks were shut down due to the global spread of COVID-19.
SeaWorld Promotes CEO, Announces Earnings
May 6, 2021, 10:06 AM ·
SeaWorld Entertainment, Inc. has promoted its interim CEO, Marc Swanson, to that position on a permanent basis, the company announced today. SeaWorld also removed the interim from the title of its Chief Financial Officer, Elizabeth Castro Gulacsy. After careful consideration and working closely with Marc and Elizabeth in their interim roles over the past year, the Board of Directors is confident they are the right leaders for SeaWorld as we emerge from this pandemic and continue executing on our long-term strategic plan, Scott Ross, Chairman of the Board of Directors and Managing Partner of Hill Path Capital said. Over the past year, Marc and Elizabeth, alongside the Board, have continued to execute on the strategic initiatives we have been working on over the past several years and have taken the necessary decisive actions to position the Company for long-term success. We look forward to their continued lea