Revenue is also on the rise
Because of the attendance bump SeaWorld saw a 6.4 percent increase in revenue for the quarter, to a total of $298 million. For the full year, revenue increased 1.9 percent to $1.4 billion in 2019.
And though SeaWorld did report a net loss in the fourth quarter of $24 million due to a legal settlement charge it looks like things are really on a positive swing for SeaWorld, which is definitely a good sign for this park group going forward, which is a good sign because
SeaWorld will continue to invest heavily in its parks
SeaWorld plans to continue to invest in new rides, attractions, events and more, and has already pledged to open at least one new attraction every year. Just last week wooden coaster Texas Stingray opened at SeaWorld San Antonio and next up on the schedule is Icebreaker, which is almost complete and scheduled to open at SeaWorld Orlando in just a few weeks (exact opening date is still to be announced but we know it will be in the next month or two).
The last decade was certainly a rough one for SeaWorld, but it looks like they are poised to kick off a blockbuster start to 2020 and beyond!
Comments
great article
You must have a typo/ If you compare 2019 to 2019, the results are the same. They cannot be different . You cannot have an increase in attendance from 20
19 to 2019.