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Six Flags Entertainment Corp. Q4 Loss Increases, Misses Estimates

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Six Flags Entertainment Corp. (FUN) announced Loss for its fourth quarter that increased from the same period last year and missed the Street estimates.

The company's bottom line totaled -$264 million, or -$2.76 per share. This compares with -$10 million, or -$0.20 per share, last year.

Analysts on average had expected the company to earn $0.4 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 85.2% to $687 million from $371 million last year.

Six Flags Entertainment Corp. earnings at a glance (GAAP) :

-Earnings: -$264 Mln. vs. -$10 Mln. last year.
-EPS: -$2.76 vs. -$0.20 last year.
-Revenue: $687 Mln vs. $371 Mln last year.

Looking ahead, Richard A. Zimmerman, CEO of Six Flags, said: “In 2025, we are building on the momentum we established over the second half of 2024 on both the revenue and cost fronts. We are making progress toward realizing the remaining $70 million in anticipated cost synergies from the merger, representing a targeted 4% reduction in operating costs and expenses, while advancing strategic initiatives to drive attendance and guest spending levels higher. We are seeing solid early demand trends, as evidenced by a 2% increase in attendance over the first two fiscal months of 2025 compared to combined attendance of the two legacy companies in the prior year period, as well as a 3% increase in combined season pass unit sales over that same period."

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