SeaWorld Entertainment (SEAS) saw its loss widen to $11.90 million, or $0.14 a share for the quarter ended Dec. 31, 2016. In the previous year period, the company reported a loss of $11.03 million, or $0.13 a share. On the other hand, adjusted net loss for the quarter widened to $11.94 million, or $0.14 a share from a loss of $9.57 million or $0.11 a share, a year ago.

Revenue during the quarter went down marginally by 0.10 percent to $267.60 million from $267.86 million in the previous year period. Gross margin for the quarter expanded 42 basis points over the previous year period to 92.95 percent. Operating margin for the quarter stood at negative 4.31 percent as compared to a negative 2.60 percent for the previous year period.

Operating loss for the quarter was $11.54 million, compared with an operating loss of $6.98 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $58.12 million compared with $47.34 million in the prior year period. At the same time, adjusted EBITDA margin improved 404 basis points in the quarter to 21.72 percent from 17.67 percent in the last year period.

"As we continue to implement our five-point strategic plan, we are making solid progress and delivering results for shareholders. We ended the year exceeding our guidance and generating improved revenue and attendance in California and Texas, in particular, two locations which presented us challenges in 2015," said Joel Manby, president and chief executive officer of SeaWorld Entertainment, Inc. "Our focus on driving revenue growth by providing guests with experiences that matter is gaining traction. In the fourth quarter, we implemented the first phase of our cost optimization program which had a positive impact on results, and we continue to find new ways to be more efficient. We also moved to the next phase with our international strategy, as we announced our partnership with Miral to develop SeaWorld Abu Dhabi, a first-of-its-kind marine-life themed park on Yas Island."