SeaWorld Cites "Bad Perception," Competition As Causes Of Loss

SeaWorld Entertainment is reporting significant second-quarter losses.

The company has reported a loss of $175.9 million, after reporting a profit in the same period one year ago. 

Stock in the Orlando-based company has also fallen 28 percent since the beginning of the year.

SeaWorld blames the decline on reduced national advertising and its public perception over the treatment of whales. 

Recently, SeaWorld announced an end to its orca breeding program and theatrical performances.

Competition from other theme parks also cited as a factor in the downward earnings.  

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