SeaWorld Entertainment Inc
- SeaWorld Entertainment Inc increased 5.3% to $59.43 after the company reported a record park attendance in the first quarter.
Revenue in the first quarter increased 8.4% to $293.3 million and net loss expanded to $16.5 million from $9.0 million and diluted loss per share increased to 26 cents from 12 cents a year ago.
The company reported record revenue for the eighth quarter in a row.
Total revenue per person increased 9.2% to $86.84, driven by admission per person increased 9.4% to $48.51 and 8.9% increase in in-park spending to $38.33.
After the end of the first quarter, the company repurchased 235,000 shares for $13.9 million, leaving approximately $42.4 million remaining in its stock repurchase program as of May 4.
May 9, 2023
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