United Parks & Resorts (PRKS) stock plummeted 5.63% during intraday trading on Monday following the release of its first-quarter 2026 financial results, which fell short of analyst expectations.

The theme park operator reported a wider quarterly loss of $0.69 per diluted share, significantly missing the FactSet consensus estimate for a loss of $0.34 per share. Revenue for the quarter declined 3% year-over-year to $278.3 million, also slightly below analyst forecasts.

Company management attributed the weaker performance primarily to unfavorable weather conditions in key markets like San Diego, Florida, and Texas, which negatively impacted attendance during peak periods. A decline in international visitation further contributed to a 5% drop in total guest attendance compared to the prior year.