GET ATTRACTIONS MANAGEMENT
magazine
Yes! Send me the FREE digital edition of Attractions Management and the FREE weekly Attractions Management ezines and breaking news alerts!
Not right now, thanksclose this window
Get Attractions Management digital magazine FREE
Sign up here ▸
Jobs   News   Features   Products   Company profilesProfiles   Magazine   Handbook   Advertise    Subscribe  
NEWS
Six Flags reveals record revenues
POSTED 26 Jul 2017 . BY Tom Anstey
Six Flags attendance grew year-on-year by 1 per cent Credit: Shutterstock
Six Flags has enjoyed a successful second quarter, with the operator recording record revenues for the period with numbers increasing by US$15m (€12.9m, £11.5m) year-on-year.

The 4 per cent increase, which saw revenue increase to US$422m (€363m, £324.3m) was driven primarily by an attendance boost of 5 per cent with 9.5 million people visiting Six Flags parks in the quarter, though this was offset by a lower average guest spend, which was down two per cent to US$41.76 (€35.92, £32.08).

An 18 per cent increase in sponsorship and international licensing also played a part in the revenue increase.

Using adjusted figures based on the shift of the Easter break that affected the first quarter, attendance grew year-on-year by 1 per cent, with earnings before interest, taxes, depreciation, and amortisation (EBITDA) increasing by US$11m (€9.5m, £8.45m) or 7 per cent to US$166m (€142.8m, £127.6m).

For the first half of the year, Six Flags recorded a slight decline in revenue to US$521.9m (€448.9m, £401m) from US$522.5m (€449.5m, £401.5m). Attendance over the six month period increased by 2 per cent to 11.4 million visitors, with per capita spending reduced to US$42.10 (€36.21, £32.35).

Also in the first half of the year, Six Flags invested US$97m (€83.4m, £74.5m) in new capital, paid US$113m (€97.2m, £86.8m) in dividends and repurchased US$379m (€326m, £291.2m) of its common stock.

The first half of the year has been significant for the operator, which this month reappointed Jim-Reid Anderson as its new president and CEO following the retirement of John Duffey.

Six Flags also launched its new waterpark in Oaxtepec, Mexico, and entered into an agreement with EPR Properties to assume control of Waterworld California – the operator’s 20th property worldwide.

“We are the leading regional theme park company in the world operating in a very attractive industry with significant opportunity for organic growth,” said Reid-Anderson.

“We have the best team in the theme park space and I am confident that 2017 will be another record year for our shareholders as we deliver higher ticket yields, improved in-park revenue, attractive international licensing deals, new waterparks, and strong execution.”
RELATED STORIES
  Reid-Anderson back as Six Flags president as company announces Duffey departure


Six Flags has announced the retirement of its president and CEO John Duffey just 17 months after he took up the position.
  Garfield coming to Six Flags' Chinese parks


Six Flags has announced the addition of Garfield to its Chinese ventures, with the popular IP to be used in the children’s area of its upcoming Zhejiang and Chongqing parks.
  Six Flags reacquires Waterworld California as 20th property


Six Flags has acquired its 20th property, entering an agreement with Waterworld California owner EPR properties to operate the attraction in Concord.
  Vietnam on hold and Saudi Arabia imminent as Six Flags CEO hints at further international expansion plans


Six Flags CEO John Duffey has revealed new details about the company’s international dealings, hinting at further announcements in 2017 while also offering updates on the operator’s blossoming Saudi Arabia deal and stuttering Vietnam project.
MORE NEWS
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   
LATEST JOBS
Chief Executive Officer, Mount Batten Centre
Mount Batten Group
Salary: c£65,000pa + pension + benefits
Job location: mount batten centre, plymouth , United Kingdom
+ More jobs  

COMPANY PROFILES
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
Alterface

Alterface’s Creative Division team is seasoned in concept and ride development, as well as storyte [more...]
IAAPA EMEA

IAAPA Expo Europe was established in 2006 and has grown to the largest international conference and [more...]
ProSlide Technology, Inc.

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
+ More profiles  
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  
LATEST ISSUES
+ View Magazine Archive

Attractions Management

2024 issue 1


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2023 issue 4


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2023 issue 3


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2023 issue 2


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management News

06 Apr 2020 issue 153


View on turning pages
Download PDF
View archive
FREE digital subscription
Print subscription

Attractions Handbook

2019


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription
 
ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
 
ATTRACTIONS MANAGEMENT
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024
Get Attractions Management digital magazine FREE
Sign up here ▸
Jobs    News   Products   Magazine   Subscribe
NEWS
Six Flags reveals record revenues
POSTED 26 Jul 2017 . BY Tom Anstey
Six Flags attendance grew year-on-year by 1 per cent Credit: Shutterstock
Six Flags has enjoyed a successful second quarter, with the operator recording record revenues for the period with numbers increasing by US$15m (€12.9m, £11.5m) year-on-year.

The 4 per cent increase, which saw revenue increase to US$422m (€363m, £324.3m) was driven primarily by an attendance boost of 5 per cent with 9.5 million people visiting Six Flags parks in the quarter, though this was offset by a lower average guest spend, which was down two per cent to US$41.76 (€35.92, £32.08).

An 18 per cent increase in sponsorship and international licensing also played a part in the revenue increase.

Using adjusted figures based on the shift of the Easter break that affected the first quarter, attendance grew year-on-year by 1 per cent, with earnings before interest, taxes, depreciation, and amortisation (EBITDA) increasing by US$11m (€9.5m, £8.45m) or 7 per cent to US$166m (€142.8m, £127.6m).

For the first half of the year, Six Flags recorded a slight decline in revenue to US$521.9m (€448.9m, £401m) from US$522.5m (€449.5m, £401.5m). Attendance over the six month period increased by 2 per cent to 11.4 million visitors, with per capita spending reduced to US$42.10 (€36.21, £32.35).

Also in the first half of the year, Six Flags invested US$97m (€83.4m, £74.5m) in new capital, paid US$113m (€97.2m, £86.8m) in dividends and repurchased US$379m (€326m, £291.2m) of its common stock.

The first half of the year has been significant for the operator, which this month reappointed Jim-Reid Anderson as its new president and CEO following the retirement of John Duffey.

Six Flags also launched its new waterpark in Oaxtepec, Mexico, and entered into an agreement with EPR Properties to assume control of Waterworld California – the operator’s 20th property worldwide.

“We are the leading regional theme park company in the world operating in a very attractive industry with significant opportunity for organic growth,” said Reid-Anderson.

“We have the best team in the theme park space and I am confident that 2017 will be another record year for our shareholders as we deliver higher ticket yields, improved in-park revenue, attractive international licensing deals, new waterparks, and strong execution.”
RELATED STORIES
Reid-Anderson back as Six Flags president as company announces Duffey departure


Six Flags has announced the retirement of its president and CEO John Duffey just 17 months after he took up the position.
Garfield coming to Six Flags' Chinese parks


Six Flags has announced the addition of Garfield to its Chinese ventures, with the popular IP to be used in the children’s area of its upcoming Zhejiang and Chongqing parks.
Six Flags reacquires Waterworld California as 20th property


Six Flags has acquired its 20th property, entering an agreement with Waterworld California owner EPR properties to operate the attraction in Concord.
Vietnam on hold and Saudi Arabia imminent as Six Flags CEO hints at further international expansion plans


Six Flags CEO John Duffey has revealed new details about the company’s international dealings, hinting at further announcements in 2017 while also offering updates on the operator’s blossoming Saudi Arabia deal and stuttering Vietnam project.
MORE NEWS
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.
Populous reveals plans for major e-sports arena in Saudi Arabia
Populous have unveiled their plans for a state-of-the-art e-sports arena, designed to stand as a central landmark in Qiddaya City’s gaming and e-sports district, Saudi Arabia.
Raby Castle reveals ambitious plans to become a major visitor destination
Raby Castle, known as one of the finest medieval fortifications in England, is nearing the end of an ambitious two-year renovation project.
+ More news   
 
COMPANY PROFILES
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
Alterface

Alterface’s Creative Division team is seasoned in concept and ride development, as well as storyte [more...]
IAAPA EMEA

IAAPA Expo Europe was established in 2006 and has grown to the largest international conference and [more...]
ProSlide Technology, Inc.

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
+ More profiles  
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
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS