Competitive ThreatsMoving forward into next season, concern is that Epic Universe is a competitive threat, the cost profile of the business today allows for limited reductions.
Financial PerformanceEBITDA was in line with the Street-low estimate, but well below consensus.
Operational ConcernsThis is the second quarter in a row where topline is flat/down and cash costs are up YoY, which is not how PRKS has traditionally operated.