SeaWorld's economic woes just kept growing Wednesday as the public increasingly turns against its mistreatment of orcas in captivity.
SeaWorld Entertainment, Inc. reported its third quarter earnings on Wednesday morning, telling shareholders its net income was $87.2 million - down from $120.7 million last year, marking a 28 percent decline.
Attendance is low as well when compared to last year - 8.4 million visitors down from 8.9 million a year ago.
Revenue also dropped 8 percent, to $495.8 million from $538.4 million a year ago. In a statement, SeaWorld blamed the attendance drop on "a combination of factors including negative media attention in California along with a challenging competitive environment, particularly in Florida."
After the news broke, SeaWorld's stock promptly dropped as much as 11 percent to $16.16 per share - its lowest price ever.