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NEWS
Easter timing hits Q1 results for Six Flags
POSTED 26 Apr 2019 . BY Andy Knaggs
Six Flags operates 26 parks across the US, Canada and Mexico

We are well-positioned to deliver our tenth consecutive year of record financial performance in 2019
– Jim Reid-Anderson
A later Easter holiday this year than in 2018 has affected Six Flags Q1 results, with the theme park company saying that some 200,000 guest visits will instead be included in Q2 figures.

Its revenue in Q1 2019 was US$128m (€115m, £99.4m) and attendance was 2.2 million guests – both down on Q1 2018 by US$1m (€900,000, £780,000) and 189,000 guests. However, guest spending per capita has risen, driven, says Six Flags, through its success in upselling guests from single day tickets to higher-priced memberships.

Guest spending per capita was, in fact, at an all-time high, at US$48.48 (€43.56, £37.66), as was its Active Pass Base, which includes all members and season pass holders. This increased by 5 per cent year-on-year.

The firm's adjusted EBITDA for the first quarter was a loss of US$32m (€28.76m, £24.86m), which is an increase of US$13m (€11.68m, £10.1m) on Q1 2018, caused primarily by the timing of Easter, as well as incremental lease and other costs associated with the five new US parks that Six Flags acquired in June 2018, and which were not, therefore, part of the business in the first quarter of that year.

Chair, president and CEO Jim Reid-Anderson said he was pleased with the Q1 2019 performance as "strong membership penetration continues to be a key driver of our long-term growth strategy, providing both a platform of increasing recurring revenue at higher prices and the ability to further grow attendance".

He added: "With our record-high Active Pass Base, ongoing price increases, growing dining pass penetration, and both domestic and international expansion opportunities, we are well-positioned to deliver our tenth consecutive year of record financial performance in 2019."

Six Flags Entertainment is the world's largest regional theme park operator and the largest operator of waterparks in North America, with 26 parks across the US, Canada and Mexico.
RELATED STORIES
  Six Flags on the hunt for new CEO as Reid-Anderson steps down


Six Flags Entertainment chair, president and CEO James Reid-Anderson has informed the group’s board of his decision to step down and retire by the end of February 2020.
  Six Flags reports record results for ninth consecutive year


Thirty-two million guests passed through the gates of a Six Flags theme park in 2018, helping to give the company record revenue figures for the ninth consecutive year.
  Rebrand, renovation and new attractions planned for US parks acquired by Six Flags


Three US theme parks acquired from EPR Properties last year are undergoing extensive enhancements and re-branding by new owners Six Flags Entertainment.
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Montana Heritage Center opens with immersive exhibits and US$107 million investment
The Montana Historical Society has officially celebrated the opening of its new Montana Heritage Center, a US$107 million (£79 million, €92 million) destination that combines immersive storytelling with cutting-edge audiovisual technology to bring the sta
Universal launches new theme park model with Kids Resort
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NEWS
Easter timing hits Q1 results for Six Flags
POSTED 26 Apr 2019 . BY Andy Knaggs
Six Flags operates 26 parks across the US, Canada and Mexico
We are well-positioned to deliver our tenth consecutive year of record financial performance in 2019
– Jim Reid-Anderson
A later Easter holiday this year than in 2018 has affected Six Flags Q1 results, with the theme park company saying that some 200,000 guest visits will instead be included in Q2 figures.

Its revenue in Q1 2019 was US$128m (€115m, £99.4m) and attendance was 2.2 million guests – both down on Q1 2018 by US$1m (€900,000, £780,000) and 189,000 guests. However, guest spending per capita has risen, driven, says Six Flags, through its success in upselling guests from single day tickets to higher-priced memberships.

Guest spending per capita was, in fact, at an all-time high, at US$48.48 (€43.56, £37.66), as was its Active Pass Base, which includes all members and season pass holders. This increased by 5 per cent year-on-year.

The firm's adjusted EBITDA for the first quarter was a loss of US$32m (€28.76m, £24.86m), which is an increase of US$13m (€11.68m, £10.1m) on Q1 2018, caused primarily by the timing of Easter, as well as incremental lease and other costs associated with the five new US parks that Six Flags acquired in June 2018, and which were not, therefore, part of the business in the first quarter of that year.

Chair, president and CEO Jim Reid-Anderson said he was pleased with the Q1 2019 performance as "strong membership penetration continues to be a key driver of our long-term growth strategy, providing both a platform of increasing recurring revenue at higher prices and the ability to further grow attendance".

He added: "With our record-high Active Pass Base, ongoing price increases, growing dining pass penetration, and both domestic and international expansion opportunities, we are well-positioned to deliver our tenth consecutive year of record financial performance in 2019."

Six Flags Entertainment is the world's largest regional theme park operator and the largest operator of waterparks in North America, with 26 parks across the US, Canada and Mexico.
RELATED STORIES
Six Flags on the hunt for new CEO as Reid-Anderson steps down


Six Flags Entertainment chair, president and CEO James Reid-Anderson has informed the group’s board of his decision to step down and retire by the end of February 2020.
Six Flags reports record results for ninth consecutive year


Thirty-two million guests passed through the gates of a Six Flags theme park in 2018, helping to give the company record revenue figures for the ninth consecutive year.
Rebrand, renovation and new attractions planned for US parks acquired by Six Flags


Three US theme parks acquired from EPR Properties last year are undergoing extensive enhancements and re-branding by new owners Six Flags Entertainment.
MORE NEWS
OMA completes New Museum transformation with landmark expansion and Oberon restaurant
OMA has completed a major transformation of New York's New Museum, creating a larger cultural campus that combines expanded exhibition spaces with learning, performance, hospitality and public programming.
David Rockwell creates immersive magic destination, The Hand and The Eye
A US$50 million (£44.2 million, €51.2 million) transformation of Chicago's historic McCormick Mansion has created a new destination that combines live magic, immersive theatre, dining and private membership under one roof.
Montana Heritage Center opens with immersive exhibits and US$107 million investment
The Montana Historical Society has officially celebrated the opening of its new Montana Heritage Center, a US$107 million (£79 million, €92 million) destination that combines immersive storytelling with cutting-edge audiovisual technology to bring the sta
Universal launches new theme park model with Kids Resort
Universal Destinations and Experiences has launched a new regional theme park model with the opening of Universal Kids Resort in Frisco, Texas.
San Antonio Zoo reports $283 million economic impact as expansion plans progress
San Antonio Zoo has reported a US$283 million economic impact for 2025, following a decade- long transformation programme that has seen almost US$200 million invested into the Texas attraction.
Great Barrier Reef attraction set for AU$180 million reinvention
Plans for the AU$180 million redevelopment of Reef HQ Aquarium in Townsville, Australia, are progressing, with the project set to transform the attraction into a global centre for reef education and conservation.
+ More news   
 
COMPANY PROFILES
Simworx Ltd

The company was initially established in 1997. Terry Monkton and Andrew Roberts are the key stakeh [more...]
Polin Waterparks

Polin was founded in Istanbul in 1976. Polin has since grown into a leading company in the waterpa [more...]
DJW

David & Lynn Willrich started the Company over thirty years ago, from the Audio Visual Department [more...]
Alterface

Alterface’s Creative Division team is seasoned in concept and ride development, as well as storyte [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

23-26 Aug 2026

Elevate Spa Riviera Maya Edition

The Riviera Maya Edition Kanai, Playa del Carmen, Mexico
28-29 Sep 2026

Wellness Destination AI Tech Summit – Tourism, Hospitality & Real Estate, 28-29 Sept 2026

Grand Ballroom, METT Singapore, Singapore
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2026

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