SeaWorld profits up 300 percent
Mar 30, 2013
SeaWorld Entertainment reports a 300 percent profit jump in 2012. Interestingly, this news comes after the company began considering a public stock offering, hoping to raise at least $100 million. 2012 earnings hit $77.4 million; in 2011, earnings were only $19.1 million. Revenue for the 10 SeaWorld parks was up 7 percent to $1.4 billion. In spite of higher ticket prices, ticket sales were up 7 percent to $884 million. Attendance for the year grew as well, with more than 24 million visitors entering the company's theme parks. Due to this higher attendance, food and merchandise sales were also up 7 percent, to $540 million.