United Parks & ResortsPRKS

01In-park per capita spending increased by 5.1% to $39.51 in Q2 2026 compared to $37.61 in Q2 2025 In park per capita spending increased primarily due to higher penetration and the impact of pricing initiatives Costs of food, merchandise and other revenues increased only 2.4% while related revenue increased 2.0% despite attendance declining 2.9%

02The company owns or licenses a portfolio of recognized brands including SeaWorld, Busch Gardens, Aquatica, Discovery Cove and Sesame Place Many of our theme parks showcase our one-of-a-kind zoological collection The company operates 13 differentiated theme parks grouped in key markets across the United States and in the United Arab Emirates Over our more than 65-year history, we have developed a diversified portfolio

03Operating cash flow comfortably covers both growth capex for future attractions and aggressive share buybacks without violating debt covenants, allowing the company to compound per-share value while still investing in the parks. The leverage cushion gives management flexibility to accelerate either use without refinancing risk.

04Pass products are purchased through monthly installment arrangements which allow guests to pay over the product's initial commitment period Once the initial commitment period is reached, some of these products transition to a month-to-month basis providing these guests access to specific parks on a monthly basis with related revenue recognized monthly Annual passes generally expire after a 12-month term; season passes include fun card products Deferred revenue short-term balance was approximately $111.6 million recognized as revenue during the six months ended June 30, 2026