Third-quarter net income dropped 33 percent, from $98 million in 2015 to $65.7 million this year. The company has lost money so far in 2016, generating a net loss for the first nine months of $0.6 million. During the same period last year, the company made $60.2 million.
As a result, the company announced on Tuesday that it will be instituting significant cost-cutting measures to reduce spending across the company.
Attendance also declined - despite a small uptick in the third quarter, SeaWorld's Orlando park has received 432,000 fewer guests so far this year than it did over the same period in 2015.