Six Flags Q4 Revenue Boost

Six Flags Entertainment experienced a boost in customer attendance in the fourth quarter, leading to increased revenue. However, expenses linked to its merger plans with Cedar Fair impacted earnings.

Financial Performance

The theme park operator disclosed a fourth-quarter loss of $22 million, or 27 cents per share, in comparison to a profit of $10 million, or 12 cents per share, during the same period the prior year. Analysts had anticipated earnings of 27 cents per share. Despite this, revenue saw a 5% increase to $293 million, slightly under the expected $297.5 million.

Attendance and Spending

Customer attendance grew by 6% to 4.3 million visitors. On the other hand, average customer spending saw a 1% decline primarily due to lower average admission prices. In-park per capita spending, however, rose by 2% to $31.13.

Factors Influencing Earnings

The company attributed the decrease in earnings to $15 million in merger-related costs and increased operating expenses. Chief Executive Selim Bassoul remains optimistic, noting that sales of 2024 season passes are outpacing those of the previous year.