People still don't want to go to SeaWorld.
The company announced a steep 7.6 percent drop in attendance in its second quarter earnings report released on Thursday, a notable decline over the same period in 2016. Attendance fell from 6.478 million in 2015 to 5.984 million in 2016, a loss of nearly half a million guests. Attendance for the full first half of the year is also down by 4.2 percent.
Revenue dropped 5.2 percent for the second quarter, from $391.6 million in 2015 to $371.1 million in 2016, and by 2.4 percent for the first six months of the year. The company's EBITDA (earnings before interest, taxes, depreciation and amortization) is down 16.4 percent for the second quarter, and 19.2 percent for the first half of the year - a loss of $18.5 million.
SeaWorld's stock plummeted to around $12.7 per share on Thursday, the lowest point since SeaWorld went public in 2013. For what appears to be the third year in a row, SeaWorld blamed the weather for its declining performance, as well as poorly timed holidays.