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NEWS
Six Flags breaks more records as operator reports first-half revenues
POSTED 25 Jul 2018 . BY Tom Anstey
For the first half of the year, revenues totalled US$574m – up 10 per cent on the previous year Credit: Shutterstock.com

Credit: Six Flags
I am confident 2018 will be another record year for our shareholders as we continue to innovate and execute on our strategy to achieve our goal of US$750m EBITDA by 2020
– Jim Reid-Anderson
Six Flags continues to top itself, after recording record revenues for the first half of the year, as the operator closes in on a ninth consecutive year of record financial performance.

Revenues for the second quarter for Six Flags increased 5 per cent to US$445m (€380m, £338m) – a US$23m (€19.6m, £17.5m) increase. Six Flags attributed this growth to a 3 per cent attendance rise, a 2 per cent increase in guest spending and a 9 percent increase in sponsorship, international licensing and accommodations revenue. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose by 3 per cent to US$170m (€145.3m, £129.1m).

"I am very pleased with our continued strong momentum and execution in the quarter as we expanded our global footprint and successfully rolled-out our new, premium-tiered membership programme," said Six Flags chair, president and CEO, Jim Reid-Anderson.

"I am confident 2018 will be another record year for our shareholders as we continue to innovate and execute on our strategy to achieve our goal of US$750m (€640.9m, £570.7m) EBITDA by 2020."

For the first half of the year, revenues totalled US$574m (€490.5m, £436m) – up 10 per cent on the previous year. This was driven, says Six Flags, by a 7 per cent rise in visitor numbers, as well as a 3 per cent increase in guest spend and a 12 per cent increase in sponsorship, international licensing and accommodations revenue. EBITDA was up 16 per cent for the half year, totalling US$151m (€129m, £114.7m).

Six Flags announced its intentions earlier this year to increase its attractions portfolio in the US, with the operator acquiring five new parks in May. Six Flags has also upped its game in China this year, with 11 theme park projects currently under development in the country.
RELATED STORIES
  Snapchat partners Disney, Universal and Six Flags on in-park augmented reality


The popular multimedia messaging app Snapchat has unveiled brand new augmented reality experiences for visitors to some of the US’ biggest theme parks.
  Six Flags ups China game with 11th park announcement


Six Flags continues to make its mark on China, with the operator announcing plans for an 11th theme park project in the country.
  Six Flags acquires five new US parks


Six Flags is expanding its US reach, announcing the acquisition of five new parks to bring its North American portfolio up to 25 properties.
MORE NEWS
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
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Salary: £61,000 - £64,000 + exceptional pension + excellent benefits
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COMPANY PROFILES
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Taylor Made Designs (TMD) has been supplying the Attractions, Holiday Park, Zoos and Theme Park mark [more...]
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TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
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Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
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IAAPA Expo Europe was established in 2006 and has grown to the largest international conference and [more...]
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FEATURED SUPPLIER

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone
Cruise Ship Interiors (CSI) invites cruise lines, shipyards, design studios, outfitters, and suppliers to take part in CSI Design Expo Americas in Miami, Florida, the region’s only event dedicated to cruise ship interior design. [more...]
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08-08 May 2024

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Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
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NEWS
Six Flags breaks more records as operator reports first-half revenues
POSTED 25 Jul 2018 . BY Tom Anstey
For the first half of the year, revenues totalled US$574m – up 10 per cent on the previous year Credit: Shutterstock.com
Credit: Six Flags
I am confident 2018 will be another record year for our shareholders as we continue to innovate and execute on our strategy to achieve our goal of US$750m EBITDA by 2020
– Jim Reid-Anderson
Six Flags continues to top itself, after recording record revenues for the first half of the year, as the operator closes in on a ninth consecutive year of record financial performance.

Revenues for the second quarter for Six Flags increased 5 per cent to US$445m (€380m, £338m) – a US$23m (€19.6m, £17.5m) increase. Six Flags attributed this growth to a 3 per cent attendance rise, a 2 per cent increase in guest spending and a 9 percent increase in sponsorship, international licensing and accommodations revenue. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose by 3 per cent to US$170m (€145.3m, £129.1m).

"I am very pleased with our continued strong momentum and execution in the quarter as we expanded our global footprint and successfully rolled-out our new, premium-tiered membership programme," said Six Flags chair, president and CEO, Jim Reid-Anderson.

"I am confident 2018 will be another record year for our shareholders as we continue to innovate and execute on our strategy to achieve our goal of US$750m (€640.9m, £570.7m) EBITDA by 2020."

For the first half of the year, revenues totalled US$574m (€490.5m, £436m) – up 10 per cent on the previous year. This was driven, says Six Flags, by a 7 per cent rise in visitor numbers, as well as a 3 per cent increase in guest spend and a 12 per cent increase in sponsorship, international licensing and accommodations revenue. EBITDA was up 16 per cent for the half year, totalling US$151m (€129m, £114.7m).

Six Flags announced its intentions earlier this year to increase its attractions portfolio in the US, with the operator acquiring five new parks in May. Six Flags has also upped its game in China this year, with 11 theme park projects currently under development in the country.
RELATED STORIES
Snapchat partners Disney, Universal and Six Flags on in-park augmented reality


The popular multimedia messaging app Snapchat has unveiled brand new augmented reality experiences for visitors to some of the US’ biggest theme parks.
Six Flags ups China game with 11th park announcement


Six Flags continues to make its mark on China, with the operator announcing plans for an 11th theme park project in the country.
Six Flags acquires five new US parks


Six Flags is expanding its US reach, announcing the acquisition of five new parks to bring its North American portfolio up to 25 properties.
MORE NEWS
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
+ More news   
 
COMPANY PROFILES
Taylor Made Designs

Taylor Made Designs (TMD) has been supplying the Attractions, Holiday Park, Zoos and Theme Park mark [more...]
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
Clip 'n Climb

Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
IAAPA EMEA

IAAPA Expo Europe was established in 2006 and has grown to the largest international conference and [more...]
+ More profiles  
FEATURED SUPPLIER

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone
Cruise Ship Interiors (CSI) invites cruise lines, shipyards, design studios, outfitters, and suppliers to take part in CSI Design Expo Americas in Miami, Florida, the region’s only event dedicated to cruise ship interior design. [more...]
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
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