Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%USDC1.000.01%BNB287.900.44%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Finance

Finance

SeaWorld stock skyrockets

Featured image via Pixabay/MortenGraae Featured image via Pixabay/MortenGraae
Featured image via Pixabay/MortenGraae Featured image via Pixabay/MortenGraae

Are the “Blackfish” problems over?

After SeaWorld’s earnings report on Monday, the aquatic entertainment park/zoo saw its shares rise over 15 percent.

Visitors to the park increased by five percent in the second quarter, which is the second straight quarter of increases. This is positive for the SeaWorld, which has seen a drastic fall in visitors ever since the documentary “Blackfish” came out, which highlights an orca that had killed people because of its terrible living conditions at SeaWorld.

CEO John Reilly attributes the rise in visitors to new rides, discounted ticket prices, and revamped marketing tactics that focus on animal safety and rescue efforts.

However, they still face scrutiny from activist groups like PETA. The animal protection organization has given heavy criticism to SeaWorld and even convinced them to stop their orca shows. The organization even owns a stake in SeaWorld for more leverage with investors.

Nonetheless, SeaWorld’s stock is up 80 percent in the past 12 months, so it’s certainly on the up-and-up. In fact, it is currently at its highest point in the past four years.

The aquatic entertainment park might be able to finally turn things around after “Blackfish” destroyed its name. It will always face an uphill battle against PETA, but for now, executives can take a deep breath and know that the company may finally be rebounding.


Comment Template

You May Also Like

Business

They book an Uber on the app like other passengers and get in the rear. The tone changes midway through the ride and they...

Business

Thursday’s US District Court for the Northern District of Texas judgment sets the timetable for a high-profile battle over Media Matters’ study on social...

Technology

OpenAI CEO Sam Altman met current and past executives, including Steve Wozniak, at Apple’s annual developer conference this week. Apple announced a long-rumored partnership...

Business

Samsung Electronics’ South Korean labor union reported numerous workers striking Friday, the first in the company’s 55-year history. After failed negotiations over salary and...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok