About Six Flags Entertainment Corporation. This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding (i) the effect, impact, potential duration or other implications of the COVID-19 pandemic or virus variants, and any expectations we may have with respect thereto including the continuing efficacy of the COVID-19 vaccines, (ii) the adequacy of our cash flows from operations, available cash and available amounts under our credit facilities to meet our liquidity needs, including in the event of a prolonged closure of one or more of our parks, (iii) our ability to significantly improve our financial performance and the guest experience, (iv) expectations regarding consumer demand for regional, outdoor, out-of-home entertainment, including for our parks, and (v) expectations regarding our annual income tax liability and the availability and effect of net operating loss carryforwards and other tax benefits. +1-972-595-5180 Press Releases 2023 - Six Flags These efficiency measures were offset by higher wage rates, and increases in repair and maintenance, utilities, and other costs due to inflation. Adjusted EBITDA was a loss of $16 million, an improvement of $30 million compared to first quarter 2021, reflecting higher revenue and improved margins. Learn how your comment data is processed. Total guest spending per capita is the total revenue generated from our guests, on a per guest basis, through admissions and in-park spending. March 11 - Aquaman: Power Wave opens at Six Flags Over Texas. Coaster101.com is your online destination for all of the ins-and-outs and twists-and-turns of roller coasters and the amusement industry. The park's 2023 season opens Saturday. Six Flags Magic Mountain will welcome the world's tallest and longest single-rail coaster to its world-record line-up next year. Were thinking there may be another PowerSplash in the future. Six Flags Over Texas New for 2023 - AQUAMAN: Power Wave - Park Rovers We Aren't Getting A Six Flags 2022 Announcement Video We prepare our financial statements in accordance with United States generally accepted accounting principles ("GAAP"). Unlike previous Six Flags announcements, this was not a chain-wide announcement, and all attractions were announced on their own separate days. Unlike previous Six Flags announcements, this was not a chain-wide announcement, and all attractions were announced on their own separate days. 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. April 30 Six Flags Hurricane Harbor Splashtown re-opens for the 2022 season. Deferred revenue was $185 million as of April 3, 2022, a decrease of $60 million, or 25%, from April 4, 2021. Adjusted EBITDA minus capex, a non-GAAP measure, is defined as Adjusted EBITDA minus capital expenditures, net of property insurance recoveries. 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. The village has given the . Six Flags Magic Mountain Announces RMC Raptor for 2022 - Theme Park Insider 02/23/2023. Maxx Force, which debuted in July 2019, remains the park's newest roller coaster. 2022 Six Flags. Snake season in North Texas is here. Title. 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. 2023 | Six Flags Wiki | Fandom . Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. We believe that Modified EBITDA provides relevant and useful information for investors because it assists in comparing our operating performance on a consistent basis, makes it easier to compare our results with those of other companies in our industry as it most closely ties our performance to that of our competitors from a park-level perspective and allows investors to review performance in the same manner as our management. Document. Six Flags Sets Date to Announce Fourth Quarter and Full Year 2022 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. Senior Vice President 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. The Cave featured original characters called Speelunkers that were created exclusively for Six Flags Over Texas. Prices, operating schedule and park policies are subject to change without notice. April 22 . Robin & Superboy: The Escape | The Movies Wiki | Fandom An investor conference call will follow beginning at 7:00 a.m. Central Time. 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). The reduction in operating costs was driven by full-time headcount reductions, fewer total employee hours worked, and lower advertising costs. Six Flags 2022 New Attractions | Six Flags Wiki | Fandom When reviewing a non-GAAP financial measure, we encourage our investors to fully review and consider the related reconciliation as detailed below. Six Flags Appoints Edithann Velez Ramey as Chief Marketing Officer. Six Flags: Transformation Plan To A Quicker Recovery (NYSE:SIX) If you have the newer Annual passes like . For more information, visit www.sixflags.com. The company partially offset the decrease in revenue with lower cash operating costs. "We are always considering how to provide an elevated guest experience year over year," said spokeswoman Rachel Kendziora. does anyone know. Press Releases 2022 - Six Flags Date. Six Flags Q4 2022 and 2022 Year End Report Results City of Frisco Votes To Go Ahead With Universal Studios Texas Park Plans . Paul Valade | Staff Photographer, 2022. Maxx Force debuted in July 2019 and remains the park's newest roller coaster. The call can be accessed through the Six Flags Investor Relations website, investors.sixflags.com, or by . 2022 | Six Flags Wiki | Fandom Six Flags New England Teasing Announcement Tomorrow SeaWorld San Antonio Has Limited Time Annual Pass Offer News Update: 2/26/2023 - For 60 years, Six Flags has entertained hundreds of millions of guests with world-class coasters, themed rides, thrilling waterparks and unique attractions. Hurricane Harbor at Six Flags New England re-opens for the 2022 season. Under the plan, the cap increases by 2% each year of the seven-year agreement, or until the village returns a total of $4 million to Great America, whichever comes first. Six Flags Entertainment and Coca-Cola Extend Long-Time Strategic Partnership. Pirates of Speelunker Caveis actually anre-imagining of one of the parks first attractions calledThe Cave, which operated from 1964 until 1991. View source version on businesswire.com: https://www.businesswire.com/news/home/20220512005303/en/, Stephen Purtell No need for fans to be spinning out waiting for Harry Styles ' next single any longer. Date. The company partially offset the decrease in revenue with lower cash operating costs. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might . Six Flags 2022 Announcement Video (Unofficial) 1,089 views Jan 9, 2022 10 Dislike Share Coaster Delta 6 subscribers Six Flags' 2022 Announcement Video! Six Flags Is About To Open Some Of The Biggest Coasters In The World! Processing fees apply to online orders. 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. 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. Megan Cardona is a service journalism reporter at the Star-Telegram covering a variety of topics including government policy, community resources, entertainment and more to help residents navigate everyday life in North Texas. 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. Search for self managed wealth investment accounts, https://www.businesswire.com/news/home/20221017005760/en/. Admissions revenue per capita is calculated by dividing Park admission revenue by total attendance. Six Flags Entertainment Corporation (NYSE: SIX), the worlds largest regional theme park company and the largest operator of waterparks in North America, today reported first quarter 2022 financial results. The park announced today that it will . Yes this isn't clickbaitIt was recently discovered that we will not be getting anymore announcement videos, the news came from screamscape and while screams. 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. 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. So far, no plans have been announced to add a new ride or other significant attraction to the park in 2024, officials said. 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. Modified EBITDA, as defined herein, may differ from similarly titled measures presented by other companies. 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. Document. All rights reserved. March 4 - Six Flags Over Georgia opens for the 2023 season. 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. Let us know in the comments section below! We use cookies to optimize our website and our service. Six Flags Adjusted EBITDA minus capex as defined herein may differ from similarly titled measures presented by other companies. Six Flags Entertainment Corporation (NYSE: SIX), the worlds largest regional theme park company and the largest operator of waterparks in North America, today reported third quarter 2022 financial results. What's new at Six Flags Great America in 2023 (rides no; food and The higher In-park spending reflects the companys in-park pricing initiatives. Six Flags' NEW For 2023 Coasters MIND BLOWING - YouTube About Six Flags Entertainment Corporation. Comparable periods are January 1 through October 3, 2021, compared to January 3 through October 2, 2022, resulting in three additional days in 2021. 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. A replay of the call will be available through May 26, 2022 on the companys investor relations site https://investors.sixflags.com. 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. Nelson took a trip during the July 4th fest, and noticed that Splashwater Falls looked different. These non-GAAP financial measures are presented as supplemental information and not as alternatives to any GAAP financial measures. Midway Mayhem - SIX FLAGS OVER GEORGIA NEW FOR 2022 - Facebook Total guest spending per capita is calculated by dividing the sum of Park admissions revenue and Park food merchandise and other revenue by total attendance. The income per share was $1.13 compared to an income per share of $1.51 in the first nine months 2021. For more information, visit www.sixflags.com. Python Plunge opens at Six Flags White Water. 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. The most recent figure published by an industry analyst group was from the 2021 AECOM Theme Index report, which estimated Six Flags Great America had 2,675,000 visitors in 2021 -- 19th place among North American theme parks. 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. 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 . SIX FLAGS and all related indicia are trademarks of Six Flags Theme parks, Inc.TM; 2022. Six Flags has been quickly executing to improve the guest experience, improving ride throughput by increasing ride uptime and implementing single rider lanes on busy days; improving staffing and training of our team members; upgrading our park appearance, including our front gates, restrooms and restaurants; providing better food quality; and offering more guest amenities such as benches, shade structures, and childrens areas, said Selim Bassoul, President and CEO. Title. In the first nine months 2022, the company invested $73 million in new capital, net of insurance recoveries. Starting in June, the park will have extended hours Friday through Sunday from 11 a.m. to 7 p.m. The definition for each of these non-GAAP financial measures is set forth below in the notes to the reconciliation tables. At esix Gaming, we cater to all types of gamers. 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. In a surprise December announcement, Six Flag Fiesta Texas revealed it would open the first "P'Sghetti Bowl" coaster model from Skyline Attractions. 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. Six Flags Great America guests ride on Superman: Ride of Steel at the Gurnee amusement park. Aug 6, 2021. Deferred revenue was $127 million as of October 2, 2022, a decrease of $98 million, or 44%, from October 3, 2021. 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. No long-term contract. Jul 28, 2021. Dr. Diabolical's Cliffhanger at Six Flags Fiesta Texas, Wonder Woman: Flight of Courage at Six Flags Magic Mountain. These efficiency measures were offset by higher wage rates, and increases in repair and maintenance, utilities, and other costs due to inflation. 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 Karie Angell Luc/for the Daily Herald, 2021, Six Flags Great America guests ride Maxx Force in Gurnee. . By providing these measures, we provide our investors with the ability to review our performance in the same manner as our management. Fright Fest and Holiday in the Park are registered trademarks of . eSix Gaming at Six Flags Fiesta Texas in San Antonio 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 is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. Maxx Force debuted in July 2019 and remains the park's newest roller coaster. 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 . Under the plan, the cap increases by 2% each year of the seven-year agreement, or until the village returns a total of $4 million to Great America, whichever comes first. For more information, please see our For more information, please see our Management uses non-GAAP measures for budgeting purposes, measuring actual results, allocating resources and in determining employee incentive compensation. Modified EBITDA, a non-GAAP measure, is defined as our consolidated income (loss) from continuing operations: excluding the following: the cumulative effect of changes in accounting principles, discontinued operations gains or losses, income tax expense or benefit, restructure costs or recoveries, reorganization items (net), other income or expense, gain or loss on early extinguishment of debt, equity in income or loss of investees, interest expense (net), gain or loss on disposal of assets, gain or loss on the sale of investees, amortization, depreciation, stock-based compensation, and fresh start accounting valuation adjustments. Six Flags 2022 Announcement Video (Unofficial) - YouTube Use the search bar below: Fun Spots Mine Blower to get RMC re-track? Remember to buy your parking online before you visit. Prices, operating schedule and park policies are subject to change without notice. Six Flags Sets Date to Announce Third Quarter 2022 Earnings - Yahoo Finance Six Flags Great America in Gurnee will open on weekends and select weekdays starting Saturday through May 23 when daily admission begins. Heres where to find bands, buffets, margaritas and Cinco de Mayo fun, Karl Lagerfelds Interior Design Projects Reveal His Encyclopedic Mind, 1000-Lb. To celebrate its 60th anniversary, Six Flags Over Texas announced today that two new rides will be arriving for the 2022 season.