Coast

What Coast does

Coast Entertainment Holdings Limited (ASX: CEH), formerly Ardent Leisure Group, is an Australian-listed owner and operator of theme park, water park, and observation attractions on the Gold Coast, Queensland. Its operating assets comprise four principal attractions — Dreamworld (flagsip theme park featuring thrill rides, wildlife experiences, and themed precincts), WhiteWater World (adjacent water park), SkyPoint (an observation deck atop the Q1 tower in Surfers Paradise), and SkyPoint Climb (an external building climb experience) — together with the Dreamworld Night Market sub-brand. Revenue is generated principally through theme park ticket sales (A$62.2M in 1H26, +30.2% YoY), a growing annual pass subscription layer, on-site ancillary spend (food and beverage, retail, photography, corporate venue hire and group bookings), and is supplemented by media-IP partnerships (Big Brother with Network 10 / Endemol Shine Australia; Australian Olympic Committee official-partner designation; Australian Geographic Society WILD precinct).

The group was corporatised in November-December 2018 and renamed Coast Entertainment Holdings, then materially simplified in July 2022 through the sale of its US Main Event business, returning approximately A$95 million to shareholders via a return of capital and special dividend and refocusing the portfolio on Australian leisure assets. The company operates through wholly-owned subsidiaries Coast Entertainment Operations Limited, Coast Entertainment Management Limited, Dreamworld Wildlife Foundation Limited, and the Coast Entertainment Trust; it is headquartered on the Gold Coast with a corporate postal address in North Sydney. The group is debt-free with A$37.6 million in cash and A$134 million in available tax losses.

In 1H26 (the 27-week period ended 30 December 2025) the company reported EBITDA excluding specific items of A$8.7 million (+368.2% YoY), statutory net profit of A$3.2 million, and total visitation +44.4% YoY surpassing pre-pandemic levels. In December 2025 it secured three flagship content/IP partnerships and launched the King Claw high-thrill ride. Board composition includes directors with operating heritage at Walt Disney Parks & Resorts, Fox Networks Group, Great Wolf Resorts, and Learning Care Group, supporting execution on a premium-leisure operating model.

Name

Coast

Legal name

Coast Entertainment Holdings Limited

Website

https://coastentertainment.com.au

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Coast Entertainment Holdings Limited (ASX: CEH) operates Dreamworld, WhiteWater World, SkyPoint, and SkyPoint Climb theme park and observation attractions on Australia's Gold Coast, generating revenue from ticket sales, annual passes, on-site ancillary spend, and corporate events for families, tourists, and group clients.

Ownership category

akta.pro rank

Headquarters

HQ city

North Sydney

HQ country

Australia

HQ region

Oceania

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Revenue model

1. Theme Park Ticket Sales: Primary revenue stream from admission tickets to Dreamworld, WhiteWater World, SkyPoint, and SkyPoint Climb attractions. Revenue grew 30% to A$62.2 million in 1H26 with ticket sales up 47% year-on-year. Ticket sales value increased 46.6% compared to prior corresponding period.
2. Annual Pass Subscriptions: Recurring revenue from annual pass holders with growing subscriber base. CEO Greg Yong attributed performance partially to growing annual pass holder base, indicating subscription/recurring revenue component.
3. On-site Ancillary Services: Revenue from food and beverage, retail merchandise, photography services, and other ancillary commercial services within theme parks. The company has operated Night Market at Dreamworld and offers corporate bookings and event hosting.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Source material supplied for this extraction was effectively empty; no verifiable description of Coast's core offering could be grounded in the input.

Product overview

Coast Entertainment Holdings operates a portfolio of Australian leisure and entertainment assets. The core offering consists of four principal attractions: Dreamworld (flagship theme park with rides and attractions), WhiteWater World (water park), SkyPoint Observation Deck (observation tower), and SkyPoint Climb (external building climb). The company also operates the Dreamworld Night Market. The attractions are located primarily on the Gold Coast, Queensland, with the portfolio catering to families, thrill-seekers, and tourists.

Differentiator

Problem solved

Functional benefit

Brands

• Dreamworld: Flagship theme park on Gold Coast featuring rides, attractions, and wildlife experiences
• WhiteWater World
• SkyPoint
• SkyPoint Climb
• Dreamworld Night Market

Quantifiable outcome

• 368% EBITDA growth to A$8.7 million in 1H26
• +4 more outcomes

Segments2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered flagship and core.

• Australian Olympic CommitteeflagshipStrategic or Co-development Partner · 15 December 2025Landmark partnership designating Dreamworld as the official theme park partner of the Australian Olympic Committee. This provides exclusive content and association rights linking Dreamworld with Australian Olympic athletes and sporting events.
• Network 10coreStrategic or Co-development Partner · 1 December 2025Partnership with Network 10 and Endemol Shine Australia to bring Big Brother branded attraction and content to Dreamworld theme park. Announced during FY26 half-year results.
• Endemol Shine AustraliacoreStrategic or Co-development Partner · 1 December 2025Partnership with Network 10 and Endemol Shine Australia to bring Big Brother branded attraction and content to Dreamworld theme park.
• Australian Geographic SocietycoreStrategic or Co-development Partner · 1 December 2025WILD with Australian Geographic precinct launched at Dreamworld. Partnership brings Australian Geographic branded educational and nature-based experiences to the theme park.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Cedar Fair Entertainment: Operator of 11 regional amusement parks in the US and Canada including Knott's Berry Farm. Comparable in scale to Coast, with a focus on regional family entertainment, capital-efficient park additions, and similar weather/tourism sensitivity.
• Six Flags Entertainment: Largest regional theme park operator in North America, focused on thrill rides and family entertainment at the same mid-market price point as Dreamworld. Directly comparable on revenue per capita, season pass economics, and the capital intensity of refreshing ride portfolios.
• Village Roadshow: Australian operator of theme parks and attractions on the Gold Coast including Warner Bros. Movie World, Sea World and Wet n Wild, directly competing with Dreamworld and WhiteWater World for the same family and tourist visitors. The CEO of Coast previously served as Village Roadshow's COO overseeing these same parks, underscoring the direct comparability.
• SeaWorld Entertainment: US-listed operator of regional theme parks (SeaWorld, Busch Gardens, Sesame Place) with comparable visitor demographics (families, regional tourists) and a similar asset-heavy, capital-intensive parks business model. SeaWorld's post-incident turnaround is also instructive for Coast's own safety/brand management.

Regional players

• Hong Kong Disneyland: Joint venture between Walt Disney and the Hong Kong government operating a major regional theme park. Comparable in scale and market positioning as a destination theme park serving regional Asian tourism demand, providing context for IP-driven park economics in the region.
• Parques Reunidos: Spanish-based operator of regional theme parks, water parks and family entertainment centers across Europe, the US and Asia. Comparable mid-sized multi-park operator with similar reliance on regional tourism, providing a benchmark for a multi-attraction portfolio model outside Australia.
• Genting Group (Genting SkyWorlds): Malaysian conglomerate that operates Genting SkyWorlds Theme Park and Resorts World, a major regional theme park in Southeast Asia. Comparable as a regional multi-attraction operator in an Asia-Pacific tourism market, though it competes in a different geography from Coast.
• FunPlus Phoenix / Chimelong Group: Chinese operator of major theme parks and resorts (Chimelong Paradise, Chimelong Safari Park) - one of Asia's largest regional theme park operators. Comparable as a multi-attraction destination park operator in a regional tourism market, though operating under a different regulatory and consumer environment.

Broad incumbents

• Merlin Entertainments: Global owner-operator of LEGOLAND, Madame Tussauds, SEA LIFE and other branded attractions. While much larger and globally diversified, Merlin is directly comparable in business model (multi-attraction operator, ticketed leisure experiences) and serves as a benchmark for an Australian-listed pure-play parks rollup.
• Walt Disney Parks & Resorts: The world's largest theme park operator (Disneyland, Walt Disney World, Tokyo/Paris/Hong Kong/Shanghai Disney). Multiple Coast board members are Disney alumni, and Disney's park operations and revenue management practices directly inform Coast's strategic direction, making it a key strategic benchmark.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/coast-entertainment-holdings

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Coast