SeaWorld Entertainment beats by $0.03, beats on revs
- Reports Q1 (Mar) GAAP loss of $0.73 per share, $0.03 better than the Capital IQ Consensus of ($0.76); revenues rose 16.5% year/year to $217.2 mln vs the $198.46 mln Capital IQ Consensus. EBITDA was a loss of $0.1 million, an improvement of $30.2 million over the first quarter of 2017 and the highest first quarter Adjusted EBITDA the Company has reported since 2013.
- Attendance +15% to 3.2 mln. "In addition to positive attendance trends, we also saw an over 10% increase in season pass sales revenue and an increase in total revenue per capita driven by a 6.4% increase in in-park per capita spending."
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