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Six Flags stocks soar with record Q1 figures
POSTED 27 Apr 2016 . BY Tom Anstey
Six Flags has reached record numbers in the stock market after posting its smallest ever loss during a traditionally tough first quarter.

During a period when its theme parks are in ‘winter mode,’ Six Flags reported earnings of US$115m (€101m, £79m), an increase of 39 per cent year-on-year, marking a US$23m (€20.3m, £15.8m) loss for the quarter.

The bump was partly attributed to an early Easter period, which helped revenue and attendance for the quarter swell.

Operating expenses for the quarter were up, with an 11 per cent increase at US$94.1m (€83m, £64.6m). Attendance also increased year-on-year by 37 per cent, with Six Flags welcoming 2.1 million guests across its 18 parks in the US, Mexico and Canada.

The park’s public listing jumped to an all-time high following the results posting, reaching US$62.69 a share.

After exiting bankruptcy-court protection in May 2010, Six Flags has shown good growth post-recession as attendance and ticket sales have improved. The company is also expanding its operations outside of North America, with plans for licensed parks in China, Vietnam and Dubai within the next decade.

“Our 2016 season is off to an excellent start with record financial performance and a 24 per cent growth in our Active Pass Base,” said Six Flags president and CEO John Duffey. “Our lineup of new attractions in 2016 is the best in the company’s history, including the first-ever integration of virtual reality technology into our roller coasters. We remain focused on delighting our guests with unique and thrilling forms of entertainment, and building shareholder value as we make steady strides toward achieving our 2017 financial target of US$600 million in earnings before interest, taxes, depreciation and amortisation.”

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Jobs . News . Products . Magazine
NEWS
Six Flags stocks soar with record Q1 figures
POSTED 27 Apr 2016 . BY Tom Anstey
Six Flags has reached record numbers in the stock market after posting its smallest ever loss during a traditionally tough first quarter.

During a period when its theme parks are in ‘winter mode,’ Six Flags reported earnings of US$115m (€101m, £79m), an increase of 39 per cent year-on-year, marking a US$23m (€20.3m, £15.8m) loss for the quarter.

The bump was partly attributed to an early Easter period, which helped revenue and attendance for the quarter swell.

Operating expenses for the quarter were up, with an 11 per cent increase at US$94.1m (€83m, £64.6m). Attendance also increased year-on-year by 37 per cent, with Six Flags welcoming 2.1 million guests across its 18 parks in the US, Mexico and Canada.

The park’s public listing jumped to an all-time high following the results posting, reaching US$62.69 a share.

After exiting bankruptcy-court protection in May 2010, Six Flags has shown good growth post-recession as attendance and ticket sales have improved. The company is also expanding its operations outside of North America, with plans for licensed parks in China, Vietnam and Dubai within the next decade.

“Our 2016 season is off to an excellent start with record financial performance and a 24 per cent growth in our Active Pass Base,” said Six Flags president and CEO John Duffey. “Our lineup of new attractions in 2016 is the best in the company’s history, including the first-ever integration of virtual reality technology into our roller coasters. We remain focused on delighting our guests with unique and thrilling forms of entertainment, and building shareholder value as we make steady strides toward achieving our 2017 financial target of US$600 million in earnings before interest, taxes, depreciation and amortisation.”

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New proposals could revive abandoned Six Flags theme park in New Orleans


A former Six Flags theme park abandoned in 2005 after severe flooding stemming from Hurricane Katrina could be given a new lease of life after two groups of developers laid out proposals to revive the theme park.
Banks back Dubai Parks and Resorts' Six Flags bid with AED1bn loan


Dubai Parks and Resorts (DPR) has secured a AED1bn (US$272m, €239m, £193m) loan to add a fourth theme park to its portfolio, with the proposed addition flying the Six Flags banner.
Six Flags to open at Dubai Parks & Resorts in 2019


Dubai Parks & Resorts, a US$2.9bn (€2.6bn, £2bn) development slated to open in October, has announced that it’s adding a Six Flags to its current trio of themed attractions: Legoland Dubai, Motiongate and Bollywood Parks.
Six Flags announces Asian expansion plans with Vietnam parks


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CATALOGUE GALLERY
 

+ More catalogues  
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+ More directory  
DIARY

16-19 Sep 2019

IAAPA Expo Europe 2019

Paris Expo Porte de Versailles, Paris, France
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+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

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