Forward-looking statements include all statements that are not historical facts and often use words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects," "may," "should," "could" and variations of such words or similar expressions. Adjusted EBITDA was a loss of $16 million, an improvement of $30 million compared to first quarter 2021, reflecting higher revenue and improved margins. Six Flags Great America guests ride on Superman: Ride of Steel at the Gurnee amusement park. The Monster Opens and Youve Got to See Its Nighttime Lighting, Walt Disney World Pre-vs-Post Covid Cost Comparison, State-of-the-art animatronics throughout the ride experience; and. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. . The increase in operating days was offset by a visitation shift of approximately 200 thousand guests from the first quarter to the second quarter 2022 due to the later timing of the Easter holiday, which caused some schools to schedule spring-break vacations in the second quarter of 2022 versus the first quarter in 2021. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. While it will take time to achieve our ambitious goals, we are encouraged by our recent progress, with guest spending per capita up nearly 50 percent year-to-date relative to 2019, and with attendance trends and season pass sales significantly accelerating in October and early November. The park will be open primarily for weekends only until May 23, when daily admission will begin and will run through the summer. The last roller coaster debut was Maxx Force in July 2019, which officials touted as having the fastest launch time -- zero to 78 mph in under 2 seconds -- of any coaster in North America. In our press release, we make reference to non-GAAP financial measures including Modified EBITDA, Adjusted EBITDA and Adjusted EBITDA minus capex. investors@sftp.com, Source: Six Flags Entertainment Corporation. Adjusted EBITDA, as computed by us, may not be comparable to similar metrics used by other companies in our industry. Document. No hidden fees.. ARLINGTON, Texas--(BUSINESS WIRE)-- Six Flags Entertainment Corporation (NYSE: SIX) (the "Company," "we," "us" or "our"), the world's largest regional theme park company and the largest operator of water parks in North America, today announced that it has priced $800 million aggregate principal amount of 7.250% senior notes due 2031 at an offering price of 99.248% of the . Get your first thrills of the season, March 19 and 20. Our board of directors and managed use Adjusted EBITDA minus capex to measure our performance and our current management incentive compensation plans are based largely on Adjusted EBITDA minus capex. The Six Flags 2022 New Attractions was a media event detailing all new 2022 Six Flags attractions across 2021 and 2022. The ride replaced the Sundance Theatre and celebrates the park's 30th year anniversary. ARLINGTON, Texas, October 17, 2022--(BUSINESS WIRE)--Six Flags Entertainment Corporation (NYSE: SIX) today announced it will release third quarter financial results before the market opens on Thursday, November 10, 2022. The shocking amount some people have saved, and why speaking with a financial advisor could help increase your returns and alleviate stress. 07/14/2022. and our SIX FLAGS and all related indicia are trademarks of Six Flags Theme parks, Inc.TM; 2022. The increase in attendance was driven by increased operating days the quarter compared to the prior year period, which was negatively impacted by pandemic-related closures and operating restrictions. The company partially offset the decrease in revenue with lower cash operating costs. Park officials also announced new special events and festivals. The park, owned and operated by Six Flags Theme Parks, will be open daily starting May 27 . They still have BAF discounted days. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The income per share was $1.13 compared to an income per share of $1.51 in the first nine months 2021. Your email address will not be published. At esix Gaming, we cater to all types of gamers. Nelson took a trip during the July 4th fest, and noticed that Splashwater Falls looked different. Title. Maxx Force, which debuted in July 2019, remains the park's newest roller coaster. This was a year of transition for Six Flags, as we made bold changes to our business model in order to elevate the guest experience and to position the company for sustainable, long-term earnings growth, said Selim Bassoul, President and CEO. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. Revenues and expenses of international operations are converted into U.S. dollars on an average basis as provided by GAAP. Were thinking there may be another PowerSplash in the future. ARLINGTON, Texas--(BUSINESS WIRE)-- Six Flags Entertainment Corporation (NYSE: SIX) today announced it will release fourth quarter and full year financial results before the market opens on Thursday, March 2, 2023.An investor conference call will follow beginning at 7:00 a.m. Central Time. Summer is around the corner and area water parks are already preparing for the 2023 season. Karie Angell Luc/for the Daily Herald, 2021, Six Flags Great America guests ride Maxx Force in Gurnee. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Privacy Policy. This year, look for rib-eye tacos, conjunto or a Big Rita.. Your email address will not be published. The company had net income of $96 million in the first nine months 2022, compared to $132 million in the prior year period. Jeffrey Siebert (@jeffrey_siebert) December 10, 2022. Adjusted EBITDA as defined herein may differ from similarly titled measures presented by other companies. All rights reserved. The park this morning announced that . Total revenue for the first nine months 2022 decreased $102 million, or 9%, compared to the first nine months 2021, driven by lower attendance partially offset by higher per capita spending. When reviewing a non-GAAP financial measure, we encourage our investors to fully review and consider the related reconciliation as detailed below. Park-goers started to voice concerns in early 2022 when there appeared to be little to no progression on the AQUAMAN: Power Wave construction site. +1-972-595-5180 If you have the newer Annual passes like . 5-min read. Here at Theme Park Tourist, we pride ourselves on giving you the news, we love keeping you up to date with all the latest announcements from your favorite theme parks across the world. Reference is made to a more complete discussion of forward-looking statements and applicable risks contained under the captions "Cautionary Note Regarding Forward-Looking Statements" and "Risk Factors" in our Annual and Quarterly Reports on Forms 10-K and 10-Q, and our other filings and submissions with the SEC, each of which are available free of charge on the companys investor relations website at investors.sixflags.com and on the SECs website at www.sec.gov. We believe that Adjusted EBITDA minus capex is frequently used by all our sell-side analysts and most investors as their primary measure of our performance in the evaluation of companies in our industry. Maxx Force, which debuted in July 2019, remains the park's newest roller coaster. 01/31/2023. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Six Flags New England Teasing Announcement Tomorrow SeaWorld San Antonio Has Limited Time Annual Pass Offer News Update: 2/26/2023 - Management uses non-GAAP measures for budgeting purposes, measuring actual results, allocating resources and in determining employee incentive compensation. Adjusted EBITDA minus capex, as computer by us, may not be comparable to similar metrics used by other companies in our industry. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. We are cashless at the gate. See the following financial statements and Note 4 to those financial statements for a discussion of Adjusted EBITDA (a non-GAAP financial measure) and its reconciliation to net income (loss). Prices, operating schedule and park policies are subject to change without notice. However, because these non-GAAP financial measures are not determined in accordance with GAAP, they are susceptible to varying calculations, and not all companies calculate these measures in the same manner. What better way to celebrate our parks 60th anniversary than by announcing a brand-new attraction that pays homage to our past and launches us into the future, added McKenzie. Cinema-style, wide-projection technology to fully immerse riders with high-tech digital and physical sets. With a top speed of 63 mph, this launch-style water coaster will take riders to 90-degree angles, across more than 700 feet of track. Reference is made to a more complete discussion of forward-looking statements and applicable risks contained under the captions "Cautionary Note Regarding Forward-Looking Statements" and "Risk Factors" in our Annual and Quarterly Reports on Forms 10-K and 10-Q, and our other filings and submissions with the SEC, each of which are available free of charge on the companys investor relations website at investors.sixflags.com and on the SECs website at www.sec.gov. The loss per share was $(0.76) compared to a loss per share of ($1.12) in first quarter 2021. . +1-972-595-5180 The following tables set forth a reconciliation of net (loss) income to Adjusted EBITDA for the three-month periods and twelve-month periods ended April 3, 2022 and April 4, 2021: Third party interest in EBITDA of certain operations (4), Capital expenditures, net of property insurance recovery (5). Currently there's a $29.99 but I'm not sure if this applies to all parks. A replay of the call will be available on the companys investor relations site https://investors.sixflags.com. Karie Angell Luc/for the Daily Herald, 2021, Six Flags Great America in Gurnee will open on weekends and select weekdays starting Saturday through May 23 when daily admission begins. Adjustments to reconcile net income to net cash used in operating activities: Other, including loss (gain) on disposal of assets, Change in inventories, prepaid expenses and other current assets, Change in accounts payable, deferred revenue, accrued liabilities and other long-term liabilities, Net cash provided by operating activities, Purchase of identifiable intangible assets, Redemption premium payments on debt extinguishment, Payment of tax withholdings on equity-based compensation through shares withheld, Purchase of redeemable noncontrolling interest, Distributions to noncontrolling interests, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period, Definition and Reconciliation of Non-GAAP Financial Measures. 2022 announcements : sixflags 6 Posted by u/sam_00F 9 months ago 2022 announcements QUESTION Will six flags release one of those "whats new to six flags 2022" official announcement videos this august like they do every year (even tho they didn't do one last year)? ARLINGTON, Texas--(BUSINESS WIRE)-- But, for the fourth straight year, there won't be any new roller coaster rides. After weeks of in-depth teasing, Six Flags Fiesta Texas has finally unveiled their 2022 addition: Dr. Diabolical's Cliffhanger, the world's steepest dive coaster. Rumors grew throughout the season that the ride would be delayed yet again. Management uses non-GAAP measures for budgeting purposes, measuring actual results, allocating resources and in determining employee incentive compensation. The call is accessible through either the Six Flags Investor Relations website at investors.sixflags.com or by dialing 1-855-889-1976 in the United States or +1-937-641-0558 outside the United States . Comparable periods are January 1 through April 4, 2021, compared to January 3 through April 3, 2022, resulting in three additional days from January 1 through January 3 in 2021. Adjusted EBITDA is approximately equal to Parent Consolidated Adjusted EBITDA as defined in our secured credit agreement, except that Parent Consolidated Adjusted EBITDA excludes Adjusted EBITDA from equity investees that is not distributed to us in cash on a net basis and has limitations on the amounts of certain expenses that are excluded from the calculation. The market expects Six Flags (SIX) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2023. The $8.94 increase in guest spending per capita compared to third quarter 2021 was driven by a $6.23 increase in Admissions spending per capita and a $2.71 increase in In-park spending per capita. A list of events in 2022 related to Six Flags. See copyright and trademarks. Comparable periods are January 1 through October 3, 2021, compared to January 3 through October 2, 2022, resulting in three additional days in 2021. I have the gold plus membership and saw I could do this but dont know how and which days they are. The following tables set forth a reconciliation of net income to Adjusted EBITDA for the three month and nine month periods ended October 3, 2022, and October 2, 2021: Third party interest in EBITDA of certain operations (4), Capital expenditures, net of property insurance recovery (5). Three existing rides were adapted to the new theme. Built by Bolliger and Mabillard (B&M), this floorless dive coaster will be 150ft tall and feature the record breaking 95 degree, beyond vertical drop. The decrease was primarily due to the deferral of revenue in the prior year period from guests whose benefits were extended from 2020 into 2021 due to the pandemic. Adjusted EBITDA, as computed by us, may not be comparable to similar metrics used by other companies in our industry. View source version on businesswire.com: https://www.businesswire.com/news/home/20220512005303/en/, Stephen Purtell Fright Fest and Holiday in the Park are registered trademarks of . Arlington, Texas August 25, 2022 Six Flags Over Texas, the Thrill Capital of Texas, today announced a robust lineup of special events during the 2022 and 2023 seasons. Afterward, it was changed and renamed to the current version of the attractionYosemite Sam and the Gold River Adventure, until a flood caused the ride to be shut down for almost two years. Adjustments to reconcile net loss to net cash used in operating activities: Other, including loss (gain) on disposal of assets, Change in inventories, prepaid expenses and other current assets, Change in accounts payable, deferred revenue, accrued liabilities and other long-term liabilities, Net cash provided by financing activities, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period, Definition and Reconciliation of Non-GAAP Financial Measures. "Adjusted EBITDA," a non-GAAP measure, is defined as Modified EBITDA minus the interests of third parties in the Modified EBITDA of properties that are less than wholly owned (consisting of Six Flags Over Georgia, Six Flags White Water Atlanta and Six Flags Over Texas). Title. Date. Represents interests of non-controlling interests in the Adjusted EBITDA of Six Flags Over Georgia, Six Flags Over Texas and Six Flags White Water Atlanta. The reduction in operating costs was driven by full-time headcount reductions, fewer total employee hours worked, and lower advertising costs. . Deferred revenue was $185 million as of April 3, 2022, a decrease of $60 million, or 25%, from April 4, 2021. Texans celebrate Cinco because a Texan led Mexicos victory. Represents interests of non-controlling interests in the Adjusted EBITDA of Six Flags Over Georgia, Six Flags Over Texas and Six Flags White Water Atlanta. Launching at Six Flags Fiesta Texas, our state-of-the-art esix facility, powered by Coca-Cola, provides an immersive gaming experience you won't find anywhere else. View source version on businesswire.com: https://www.businesswire.com/news/home/20221017005760/en/, Stephen R. PurtellSenior Vice PresidentCorporate Communications, Investor Relations and Treasurer+1-972-595-5180investors@sftp.com. "Our announcement was made last month after careful and deep consideration," Hewitt said. 02/23/2023. Corporate Communications, Investor Relations and Treasurer The parks will be open from noon to 5 p.m. on May 6 and 7 for season pass holders only. Karie Angell Luc/for the Daily Herald, 2021. The park announced today that it will . The definition for each of these non-GAAP financial measures is set forth below in the notes to the reconciliation tables. Python Plunge opens at Six Flags White Water. The company had a net income of $116 million in third quarter 2022, compared to $157 million in third quarter 2021. Dr. Diabolical's Cliffhanger is a Dive Coaster manufactured by Bolliger & Mabillard that opened on July 30, 2022 at Six Flags Fiesta Texas. Six Flags has 27 parks across the United States, Mexico and Canada with world-class coasters, family rides for all ages, up-close animal encounters and thrilling water parks. Non-admissions revenue per capita is the total revenue generated from our guests, on a per guest basis, on items sold within our parks, such as food, games and merchandise. See copyright and trademarks. Paul Valade | Staff Photographer, 2022. We have reoriented our culture to prioritize the guest in everything we do, and we fundamentally believe this will drive significant and sustainable long-term earnings growth., (Amounts in millions, except per share data), Net loss attributable to Six Flags Entertainment, Total revenue for first quarter 2022 increased $56 million, or 68%, compared to first quarter 2021, driven by higher attendance and guest spending per capita. We recommend the Diamond Pass for the best parking! The call can be accessed through the Six Flags Investor Relations website, investors.sixflags.com, or by dialing 1-833-629-0614 in the United States or +1-412-317-9257 outside the United States and requesting the Six Flags earnings call. Six Flags America opens for the 2023 season. The company operates 27 parks, twenty five in the United States, two in Mexico and one in Montreal, Canada. These non-GAAP financial measures are presented as supplemental information and not as alternatives to any GAAP financial measures. The park, owned and operated by Six Flags Theme Parks, will be open daily starting May 27 from 11 a.m. to 7 p.m. on weekends and 11 a.m. to 6 p.m. on weekdays. Although Splash Dayz will be closed Mondays, the park will be open for Memorial Day on May 29 from 11 a.m. to 8 p.m. NRH2O Family Water Park will be open for weekends only starting May 13 from 11 a.m. to 6 p.m. before opening for the season May 27. April 7 - Six Flags New England opens for the 2023 season. About Six Flags Entertainment Corporation, Six Flags Entertainment Corporation is the worlds largest regional theme park company with 27 parks across the United States, Mexico and Canada. 2022 Six Flags. A replay of the call will be available through May 26, 2022 on the companys investor relations site https://investors.sixflags.com. Now you have to enroll into the rewards program and collect points through purchasing items at your park, visiting and so on. A group rides a tube on the Tornado ride Wednesday, June 1, 2022, at Hurricane Harbor in Arlington. In addition, due to the adoption of a fiscal reporting calendar commencing January 1, 2021, there were three fewer days in the first nine months 2022 compared to the first nine months 2021, which accounted for 89 thousand additional guests in the first nine months 2021. Corporate Communications, Investor Relations and Treasurer We offer lots of group ticket packages, to match every event size and activity. [1] Do you know what to do if you come across one? Reddit and its partners use cookies and similar technologies to provide you with a better experience. Six Flags Magic Mountain will welcome the world's tallest and longest single-rail coaster to its world-record line-up next year. Capital expenditures, net of property insurance recovery (capex) represents cash spent on property, plant and equipment, net of property insurance recoveries. The higher In-park spending reflects the companys in-park pricing initiatives. Real-time updates and all local stories you want right in the palm of your hand. The increase in Admissions spending per capita was primarily driven by higher realized ticket pricing and a higher mix of single day tickets. Six Flags St. Louis opens for the 2023 season. Based on data provided by the village of Gurnee, the 2021 and 2022 seasons were close to pre-pandemic levels. Maxx Force debuted in July 2019 and remains the park's newest roller coaster. Total revenue for third quarter 2022 decreased $133 million, or 21%, compared to third quarter 2021, driven by lower attendance partially offset by higher per capita spending. May May 7 Six Flags White Water re-opens for the 2022 season. Learn more about our park safety protocols and procedures such as new cashless payments. Returning guest favorites and new offerings create endless opportunities for fun all year long. Six Flags Over Texas confirmed . (Amounts in thousands, except per share data), Sponsorship, international agreements and accommodations, Operating expenses (excluding depreciation and amortization shown separately below), Selling, general and administrative expenses (excluding depreciation, amortization, and stock-based compensation shown separately below), Less: Net income attributable to noncontrolling interests, Net (loss) income attributable to Six Flags Entertainment Corporation. According to a press release, Pirates of Speelunker Cave will feature: What do you think about Six Flags Over Texas 2022 plans? Starting in June, the park will have extended hours Friday through Sunday from 11 a.m. to 7 p.m. The increase in Admissions spending per capita was primarily driven by higher realized ticket pricing and revenue from memberships beyond the initial 12-month commitment periodin first quarter 2021, the company did not recognize membership revenue from members whose home park was closed due to the pandemic. Adjusted EBITDA minus capex, a non-GAAP measure, is defined as Adjusted EBITDA minus capital expenditures, net of property insurance recoveries. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. These risks and uncertainties include, among others, factors impacting attendance, such as local conditions, natural disasters, contagious diseases, including COVID-19 and Monkeypox, or the perceived threat of contagious diseases, events, disturbances and terrorist activities; regulations and guidance of federal, state and local governments and health officials regarding the response to COVID-19 or other health emergencies such as Monkeypox, including with respect to business operations, safety protocols and public gatherings; economic impact of political instability and conflicts globally, including the war in Ukraine; recall of food, toys and other retail products sold at our parks; accidents or incidents involving the safety of guests and employees, or contagious disease outbreaks occurring at our parks or other parks in the industry and adverse publicity concerning our parks or other parks in the industry; availability of commercially reasonable insurance policies at reasonable rates; inability to achieve desired improvements and our financial performance targets; adverse weather conditions such as excess heat or cold, rain and storms; general financial and credit market conditions, including our ability to access credit or raise capital; the increased cost of capital due to raising interest rates; macro-economic conditions (including supply chain issues and the impact of inflation on customer spending patterns); changes in public and consumer tastes; construction delays in capital improvements or ride downtime; competition with other theme parks, waterparks and entertainment alternatives; dependence on a seasonal workforce; unionization activities and labor disputes; laws and regulations affecting labor and employee benefit costs, including increases in state and federally mandated minimum wages, and healthcare reform; environmental laws and regulations; laws and regulations affecting corporate taxation; pending, threatened or future legal proceedings and the significant expenses associated with litigation; cybersecurity risks; and other factors could cause actual results to differ materially from the companys expectations, including the risk factors or uncertainties listed from time to time in the companys filings with the Securities and Exchange Commission (the SEC). Announcement [] In 2022, Six Flags Great Adventure, Six Flags Over Georgia and Six Flags New England announced the addition of a new roller coaster for the 2023 seasons. For more information, please see our Although we believe that the expectations reflected in such forward-looking statements are reasonable, we make no assurance that such expectations will be realized and actual results could vary materially. Only eleven parks announced their plans for the 2022 season, with two of them remaining delayed or being cancelled. Date. Senior Vice President Events, Presentations & Company Announcements, https://www.businesswire.com/news/home/20220512005303/en/. The lower attendance was driven by an increase in ticket prices and elimination of free tickets and heavily-discounted product offerings. Cookie Notice ARLINGTON, Texas, October 17, 2022 -- ( BUSINESS WIRE )--Six Flags Entertainment Corporation (NYSE: SIX) today announced it will release third quarter financial results before the market. Learn how your comment data is processed. We use certain per capita metrics that are non-GAAP measures of the performance of our business on a per guest basis and believe that these metrics provide relevant and useful information for investors because they assist in comparing our operating performance on a consistent basis, make it easier to compare our results with those of other companies and our industry and allows investors to review performance in the same manner as our management. Coaster101.com is your online destination for all of the ins-and-outs and twists-and-turns of roller coasters and the amusement industry. Processing fees apply to online orders.
