Is Six Flags in financial trouble?

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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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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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'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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Six Flags has historically relied on debt financing to invest in capital projects like new rides at its properties, and the cash flow constraints during the pandemic made its leverage more severe.

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Six Flags became only the latest company to prove unable to cope with its debt load at a time when previous solutions like refinancings are largely unavailable. The theme park operator, which had $2.4 billion in debt, faced nearly $300 million in payments to preferred stockholders due in August.

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Six Flags sued by California man after fire on Mr. Freeze ride traps riders in their seats. In April 2022, seven people were treated after an electrical malfunction caused smoke inside the Mr.

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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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The main competitors of Six Flags Entertainment include Cedar Fair (FUN), Super Group (SGHC), Madison Square Garden Entertainment (MSGE), Rush Street Interactive (RSI), SeaWorld Entertainment (SEAS), Golden Entertainment (GDEN), Xponential Fitness (XPOF), Madison Square Garden Sports (MSGS), International Game ...

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Crowd Calendar Notes These dates are very popular with season passholders and tend to make the park a lot more crowded, so avoid going on these days if you can. Weekdays (Monday-Friday) are historically least crowded during the summer season in June, July, and August.

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Image: Six FlagsSix Flags Magic Mountain “wins” the title of most expensive Six Flags property. The Valencia theme park is still only the third most expensive in the greater Los Angeles area, though.

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Since the first Six Flags park opened in 1961, there have been sixty-one deaths at amusement and water parks that were or are currently owned by the franchise.

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Six Flags makes $3.7M in a day. In a single month, Six Flags normally makes close to $113.2M in revenue.

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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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