SeaWorld Entertainment’s revenue and attendance declined in 2016 compared with the previous year, according to estimates the company released Tuesday morning.
Orlando-based SeaWorld will provide a complete earnings report to investors next week. The company reported the 2016 estimates early, it said, “in connection with a potential debt financing transaction.”
The company expects revenues of $1.344 billion, down from $1.37 billion the previous year. The company’s theme and water parks drew approximately 22 million visitors last year. The previous year, they brought in 22.47 million people.
In the summer, SeaWorld had said its attendance suffered because of an overall drop in Orlando tourism, especially in Brazilian visitors.
SeaWorld said Tuesday it expects to exceed the high end of the adjusted guidance provided at the end of last year.
“We are also exploring a possible debt refinancing transaction in order to improve our capital structure by extending maturities and improving certain other terms of our debt,” Chief Executive Officer Joel Manby said in a press release.
SeaWorld will report complete earnings the morning of Feb. 28. Executives will discuss them with analysts in a 9 a.m. conference call.
spedicini@orlandosentinel.com or 407-420-5240; Twitter @SandraPedicini
SeaWorld has announced that it will end the practice of whale breeding.
SeaWorld has announced that it will end the practice of whale breeding.
SeaWorld has announced that it will end the practice of whale breeding.
SeaWorld has announced that it will end the practice of whale breeding.
SeaWorld said in a statement Friday that Tilikum had been battling a serious and persistent lung infection.
SeaWorld said in a statement Friday that Tilikum had been battling a serious and persistent lung infection.
This month, the Whale Sanctuary Project was unveiled. About 50 people are involved, including activists, scientists, a zoo executive director and former SeaWorld trainers who appeared in the documentary “Blackfish.” The group wants to create a netted area in the wild where whales and dolphins could be retired like elephants from the circus.
This month, the Whale Sanctuary Project was unveiled. About 50 people are involved, including activists, scientists, a zoo executive director and former SeaWorld trainers who appeared in the documentary “Blackfish.” The group wants to create a netted area in the wild where whales and dolphins could be retired like elephants from the circus.
Orlando Sentinel's Paul Owens, Sandra Pedicini and Scott Maxwell ask questions of Joel Manby, CEO of SeaWorld.
Orlando Sentinel's Paul Owens, Sandra Pedicini and Scott Maxwell ask questions of Joel Manby, CEO of SeaWorld.
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