Revenue continues to climb, and SeaWorld expects this trend to continue

Image: SeaWorld

According to SeaWorld's financial report, revenue for last year rose to $1.37 billion, up 8.6 percent from the previous year. In addition, adjusted earnings for the quarter also increased to $64.6 million, an improvement of $16.2 million, or 33 percent, from 2017. 

This is definitely a positive trend, and SeaWorld has said they expect the good new to keep coming, aiming for  $475 million to $500 million in adjusted earnings by 2020,after which SeaWorld will have several new attractions open across its family of parks, and SeaWorld Orlando will (hopefully) see increased traffic from guests visiting nearby Walt Disney World who are stopping by this park on their way to or from Star Wars: Galaxy's Edge. 

SeaWorld's new CEO won't be making any dramatic changes to current business strategy

Image: SeaWorld

Just last month SeaWorld named former Carnival Cruise Lines executive Gus Antorcha as its new Chief Executive Officer, And though Antorcha will of course bring his own vision to the company, the new CEO made the following statement shortly after accepting the job, which seems to indicate that things will be run in a very familiar way. 

“I am thrilled to have joined this team at such an exciting time for our Company as we close out a strong year and enter into 2019. While we delivered stronger financial results in 2018, we continue to believe there remains significant additional opportunity for improvement. We will continue to focus on improving our pricing strategies and our marketing and communication initiatives, introducing more compelling new rides, attractions and events across our park portfolio each year and reducing unnecessary costs and improving efficiencies across our park portfolio and in the park support center. Our team is committed to continue to drive top-line and bottom-line results and to operating more efficiently than ever before." 

While its impossible to know for sure if SeaWorld will keep this forward momentum going in 2019 and beyond, it looks like the bad news for this family of parks has finally subsided, and the epic comeback that fans have wished for this park could finally be here. What do you think? Is SeaWorld finally back in a good place?