SeaWorld Entertainment suffers $56.5 million loss in first quarter

SeaWorld Entertainment wasn’t ready Friday to announce an opening date, as the Orlando-based company reported a $56.5 million net loss in its first quarter.

Revenues dropped 30% to about $154 million after attendance set records at the start of 2020 but then tumbled for the quarter ending March 31.

SeaWorld seeks federal loan while paying little in U.S. income taxes | Exclusive

Over the past 10 years, records show SeaWorld Entertainment has earned nearly $193 million in pretax profits. But it has paid less than $8 million in total income taxes, according to an Orlando Sentinel review of SeaWorld’s financial statements. That works out to a tax rate of 4 percent – over an entire decade.

Read the rest of this post: Orlando Sentinel

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