Report: SeaWorld Profits Skyrocket
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ORLANDO (CBSMiami) – While some businesses are still stuck in neutral following the Great Recession, SeaWorld Entertainment isn’t one of them.
According to the Orlando Sentinel, SeaWorld and Busch Gardens them parks earned $77.4 million in 2012, more than triple the $19.1 million it made in 2011. The Sentinel also said total revenue jumped to more than $1.4 billion.
Ticket sales jumped to $884 million across the 10 amusement parks the company owned and despite higher ticket prices, attendance grew in 2012 to 24 million visitors, according to the Orlando Senitnel.
SeaWorld is owned by the private-equity firm, the Blackstone Group. The company is also considering a public stock offering later this year, according to the Sentinel.