Is Six Flags doing well financially?

Total revenue for full year 2022 decreased $139 million , or 9%, compared to 2021, driven by lower attendance, partially offset by higher guest spending per capita. The lower attendance was driven by an increase in ticket prices and the elimination of free tickets and heavily-discounted pass products.



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The company had a net loss of $70 million in first quarter 2023, compared to a net loss of $66 million in first quarter 2022. The loss per share was $0.84 compared to a loss per share of $0.76 in first quarter 2022, driven by higher operating costs partially offset by an increase in revenue.

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Six Flags's revenue is $1.4 billion. Zippia's data science team found the following key financial metrics about Six Flags after extensive research and analysis. Six Flags annual revenue for 2022 was 1.4B, -9.26% growth from 2021. Six Flags annual revenue for 2021 was 1.5B, 319.8% growth from 2020.

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But, these numbers are all positive, so why is Six Flags losing money? It's because attendance is dropping faster than revenue is rising. In 2021, Six Flags' total attendance was 27.7 million, but that fell by 26% to 20.4 million. Sure, guests are starting to spend more, but it's not enough to make up for the decline.

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Six Flags Entertainment Company has reported its financial results for the fourth quarter of 2022 and the full year, revealing a decline in revenue due to lower attendance. For the fourth quarter of last year, Six Flags reported revenue of $280 million, net income of $13m, and record adjusted EBITDA of $99m.

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But, these numbers are all positive, so why is Six Flags losing money? It's because attendance is dropping faster than revenue is rising. In 2021, Six Flags' total attendance was 27.7 million, but that fell by 26% to 20.4 million. Sure, guests are starting to spend more, but it's not enough to make up for the decline.

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Six Flags reported a stunning 26% drop in attendance last year when compared to 2021, which is amazing when you remember that several of its parks, including Six Flags Magic Mountain, were closed for part of that year. Lower attendance drove continuing declines in revenue, income and earnings for Six Flags last year.

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Six Flags Great America has agreed to a $36 million settlement to end a class-action lawsuit over the amusement park's use of finger-scan entry gates. Six Flags doesn't admit to any fault or liability as part of the agreement, which is subject to final approval at a court hearing in October.

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Six Flags has a conensus rating of Moderate Buy which is based on 4 buy ratings, 4 hold ratings and 1 sell ratings. The average price target for Six Flags is $27.00. This is based on 9 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

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Throngs flocked to Six Flags Over Texas when the park opened in 1961. Six themed sections, modeled after the culture of the six countries whose flags flew over Texas during the state's colorful history, created a spectacular and magical setting for guests — and provided the park's name.

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Balance Sheet and Capital Allocation As of January 1, 2023, the company had total reported debt of $2,381 million , and cash or cash equivalents of $80 million .

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Conducting Ethical Business Throughout our more than 60-year history, Six Flags has been committed to conducting business in a responsible, honest, and ethical manner.

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Six Flags Entertainment Debt to Equity Ratio: -2.363 for June 30, 2023.

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8 Things That Will Get You Banned From Six Flags
  1. Don't ask if you can take other people's children on rides. ...
  2. Don't have “offensive” tattoos. ...
  3. Don't wear “offensive” t-shirts. ...
  4. Don't be Marilyn Manson. ...
  5. Don't be a member of the band All Time Low. ...
  6. In fact, don't be a heavy metal band at all. ...
  7. Don't beat up the characters.


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The shareholder case alleges that Six Flags misled investors in 2018 and 2019 about the company's progress on an ambitious plan to expand its international footprint with the construction of as many as 20 new theme parks in China. By early 2020, the plan was in tatters.

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In 1992, Hurricane Andrew pummeled South Florida and the water park closed for good. Efforts to relocate the park to other areas in Florida failed as well. These days, Six Flags fans living in Florida have to drive north to Georgia to find the nearest park.

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JACKSON, N.J. — Six Flags Great Adventure temporarily shut down two rides this week after separate complaints of an injury and a problematic lap bar. On Wednesday, a guest was injured on The Joker, a park spokeswoman said.

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The two roller coasters are back running after safety inspections conducted by park officials and the state Department of Community Affairs. The Joker closed Wednesday after a guest reported a head injury, Six Flags spokesperson Kristen Fitzgerald told PhillyVoice.

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