Press Releases 2023 - Six Flags In addition, there were three additional days included in first quarter 2021 compared to first quarter 2022 due to adoption of a fiscal reporting calendar in the quarter commencing January 1, 2021, which accounted for 89 thousand additional guests in first quarter 2021.2. Six Flags Sets Date to Announce Third Quarter 2022 Earnings - Yahoo Finance In the first nine months 2022, the company invested $73 million in new capital, net of insurance recoveries. Learn more about our park safety protocols and procedures such as new cashless payments. Date. Screamscape 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)? 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. Corporate Communications, Investor Relations and Treasurer The $19.30 increase in guest spending per capita compared to first quarter 2021 was driven by a $10.33 increase in Admissions spending per capita and a $8.97 increase in In-park spending per capita. investors@sftp.com, Source: Six Flags Entertainment Corporation. Press Releases 2023 - Six Flags The pop star confirmed Sunday (April 30) that the next featured track from his 2022 record Harry's House . +1-972-595-5180 This state-of-the-art esports competitive gaming campus is complete with the newest high-tech equipment and the industry's biggest titles, providing an unmatched gaming experience. Summer is around the corner and area water parks are already preparing for the 2023 season. This announcement was praised for being a "perfect fit" for the Arlington, TX park. The shocking amount some people have saved, and why speaking with a financial advisor could help increase your returns and alleviate stress. Unlike previous Six Flags announcements, this was not a chain-wide announcement, and all attractions were announced on their own separate days. Management uses non-GAAP measures for budgeting purposes, measuring actual results, allocating resources and in determining employee incentive compensation. 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. For more information, visit www.sixflags.com. 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. Earlier this year, Six Flags Fiesta Texas welcomed a groundbreaking roller coaster, Dr. Diabolical's Cliffhanger, making 2023 the second . See copyright and trademarks. SIX FLAGS and all related indicia are trademarks of Six Flags Theme parks, Inc.TM; 2022. These risks and uncertainties include, among others, factors impacting attendance, such as local conditions, natural disasters, contagious diseases, including COVID-19, 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, including with respect to business operations, safety protocols and public gatherings; political or military events; 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; economic conditions (including 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). Maxx Force debuted in July 2019 and remains the park's newest roller coaster. Six Flags Over Texas Announces Two New Rides for 2022 April 15 Six Flags Great America re-opens for the 2022 season. Our board of directors and management use Adjusted EBITDA to measure our performance and our current management incentive compensation plans are based largely on Adjusted EBITDA. World's Steepest Dive Coaster Coming to Six Flags Fiesta Texas The ride replaced the Sundance Theatre and celebrates the park's 30th year anniversary. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Aug 6, 2021. May May 7 Six Flags White Water re-opens for the 2022 season. Its compact layout will occupy a space of 79 feet by 162 feet and will have a height requirement of 36 inches. We prepare our financial statements in accordance with United States generally accepted accounting principles ("GAAP"). As a result, these non-GAAP financial measures as presented may not be directly comparable to a similarly titled non-GAAP financial measure presented by another company. Starting in June, the park will have extended hours Friday through Sunday from 11 a.m. to 7 p.m. An investor conference call will follow beginning at 7:00 a.m. Central Time. 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. 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. The new ride would be a dual-tracked, launched roller coaster called "Robin & Superboy: The Escape", featuring linear induction motor (LIM) technology for its launch system. Rumors grew throughout the season that the ride would be delayed yet again. For 61 years, Six Flags has entertained hundreds of millions of guests with world-class coasters, themed rides, thrilling waterparks and unique attractions. ARLINGTON, Texas -- (BUSINESS WIRE)-- Six Flags Entertainment Corporation (NYSE: SIX), the world's largest regional theme park company and the largest operator of waterparks in North America, today reported third quarter 2022 financial results. Title. and our 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. 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. Adjusted EBITDA minus capex, a non-GAAP measure, is defined as Adjusted EBITDA minus capital expenditures, net of property insurance recoveries. April 7 - Six Flags New England opens for the 2023 season. 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. Revenues and expenses of international operations are converted into U.S. dollars on an average basis as provided by GAAP. What's new at Six Flags Great America in 2023 (rides no; food and When reviewing a non-GAAP financial measure, we encourage our investors to fully review and consider the related reconciliation as detailed below. Get your first thrills of the season, March 19 and 20. No hidden fees.. Paddock Publications, Inc. is an Employee-Owned Company. Based on our current federal net operating loss carryforwards, we anticipate paying minimal federal income taxes in 2022 and do not anticipate becoming a full cash taxpayer until at least 2024. Splash Dayz will be open May 20 from 11 a.m. to 3 p.m. then open for the season May 27 from 10 a.m. to 8 p.m. Fridays-Sundays and 11 a.m. to 8 p.m. Tuesdays through Thursdays. As the largest regional theme park company in the world, Six Flags creates thrilling, memorable experiences within our portfolio of regional parks, delivered by a diverse and empowered team, through industry-leading innovation and . For 60 years, Six Flags has entertained hundreds of millions of guests with world-class coasters, themed rides, thrilling waterparks and unique attractions. She graduated from the University of Texas at Arlington in 2020, where she worked at the campus paper, The Shorthorn, for two years. The higher In-park spending reflects the companys in-park pricing initiatives and positive consumer spending trends. The Cave featured original characters called Speelunkers that were created exclusively for Six Flags Over Texas. The most recent new attraction at Hurricane Harbor water park next door was when Tsunami Surge, an 86-foot-tall water coaster dubbed the tallest of its kind in the world, opened in 2021. 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). Six Flags Magic Mountain Update - June 27, 2021 (2022 Coaster, Traffic Issues, etc) Park Journey 1 year ago It's cable reimagined No DVR space limits. Newsroom - Six Flags Over Georgia Adjusted EBITDA, as computed by us, may not be comparable to similar metrics used by other companies in our industry. The company partially offset the decrease in revenue with lower cash operating costs. The park's 2023 season opens Saturday. We use these measures for internal planning and forecasting purposes, to evaluate ongoing operations and our performance generally, and in our annual and long-term incentive plans.

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