Can Theme Parks Bounce Back in 2025?
Last year was a mixed bag for the country's leading theme and amusement park operators. Shares of Six Flags Entertainment (NYSE: FUN), Walt Disney (NYSE: DIS), and SeaWorld parent United Parks (NYSE: PRKS) moved higher in 2024, but none of them beat the market. And Universal Studios parent Comcast (NASDAQ: CMCSA) lost ground last year.
The combination of Cedar Fair and Six Flags was completed at the midpoint of last year, with the merged entity retaining the former's moniker but the latter's ticker symbol. SeaWorld Entertainment rebranded itself as United Parks last February. This is the extent of the excitement for the industry these days.
Comcast is the only one of the operators to have chimed in this earnings season. Thursday's financial update showed a dip in the profitability of its theme parks business on flat year-over-year revenue growth. Disney checks in on Wednesday morning but has already braced shareholders for ho-hum growth at its domestic gated attractions through the next few quarters.
Source Fool.com
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