Learn more about us here. To celebrate its 60 th anniversary, Six Flags Over Texas announced today that two new rides will be arriving for the 2022 season. Six Flags Sets Date to Announce Second Quarter 2022 Earnings. . The pop star confirmed Sunday (April 30) that the next featured track from his 2022 record Harry's House . Karie Angell Luc/for the Daily Herald, 2021, Six Flags Great America guests ride Maxx Force in Gurnee. Join us for Opening Weekend, March 19 & 20. The company had net income of $96 million in the first nine months 2022, compared to $132 million in the prior year period. In addition, there were increased operating days in first half 2022 compared to the prior year period, which was negatively impacted by pandemic-related closures and operating restrictions. investors@sftp.com, Source: Six Flags Entertainment Corporation. At 7:00 a.m. Central Time today, May 12, 2022, the company will host a conference call to discuss its first quarter 2022 financial performance. In addition, due to the adoption of a fiscal reporting calendar commencing January 1, 2021, there were three fewer days in the first nine months 2022 compared to the first nine months 2021, which accounted for 89 thousand additional guests in the first nine months 2021. In a surprise December announcement, Six Flag Fiesta Texas revealed it would open the first "P'Sghetti Bowl" coaster model from Skyline Attractions. Pirates of Speelunker Caveis actually anre-imagining of one of the parks first attractions calledThe Cave, which operated from 1964 until 1991. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. 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. Six Flags Appoints Edithann Velez Ramey as Chief Marketing Officer. Excluding the impact of the payment, Adjusted EBITDA decreased $27 million compared to the first nine months 2021. Maxx Force, which debuted in July 2019, remains the park's newest roller coaster. Learn more about our park safety protocols and procedures such as new cashless payments. Starting in June, the park will have extended hours Friday through Sunday from 11 a.m. to 7 p.m. 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. Represents interests of non-controlling interests in the Adjusted EBITDA of Six Flags Over Georgia, Six Flags Over Texas and Six Flags White Water Atlanta. Visitors to Six Flags Great America will see improvements in comfort and fan experience at the Gurnee amusement park when it opens for the 2023 season Saturday, officials said. The village collects a 4% amusement tax on each admission ticket, season pass or membership sold to the park. The company had a net income of $116 million in third quarter 2022, compared to $157 million in third quarter 2021. investors@sftp.com, Source: Six Flags Entertainment Corporation. For 61 years, Six Flags has entertained hundreds of millions of guests with world-class coasters, themed rides, thrilling waterparks and unique attractions. When reviewing a non-GAAP financial measure, we encourage our investors to fully review and consider the related reconciliation as detailed below. ARLINGTON, Texas, October 17, 2022--(BUSINESS WIRE)--Six Flags Entertainment Corporation (NYSE: SIX) today announced it will release third quarter financial results before the market opens on Thursday, November 10, 2022. The call is accessible through either the Six Flags Investor Relations website at investors.sixflags.com or by dialing 1-855-889-1976 in the United States or +1-937-641-0558 outside the United States and requesting the Six Flags earnings call or conference ID 3749243. The park will extend its weekday hours to close at 7 p.m. in mid June. Your email address will not be published. The village has given the park around $387,000 total in 2018, 2019 and 2021. The ride replaced the Sundance Theatre and celebrates the park's 30th year anniversary. Six Flags New England Teasing Announcement Tomorrow SeaWorld San Antonio Has Limited Time Annual Pass Offer News Update: 2/26/2023 - Real-time updates and all local stories you want right in the palm of your hand. The Six Flags 2022 New Attractions was a media event detailing all new 2022 Six Flags attractions across 2021 and 2022. Title. Flags and signs of support for those countries are banned from tournament grounds. 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. Event highlights for the 2022/2023 seasons include: 2022 Six Flags. Based on data provided by the village of Gurnee, the 2021 and 2022 seasons were close to pre-pandemic levels. There are, however, new food and drink options, like a beer garden in the Southwest Territory area, and 90 new park benches and refreshed landscaping throughout the park. The market expects Six Flags (SIX) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2023. For more information, visit www.sixflags.com. 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. On select days in June and July there will be an expanded food menu as part of an event called "Flavors of the World," and on select days in August the park will host Viva La Fiesta, which will include food and entertainment. Non-admissions revenue per capita is the total revenue generated from our guests, on a per guest basis, on items sold within our parks, such as food, games and merchandise. does anyone know. About Six Flags Entertainment Corporation. The park's 2023 season opens Saturday. 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. The shocking amount some people have saved, and why speaking with a financial advisor could help increase your returns and alleviate stress. and our The higher In-park spending reflects the companys in-park pricing initiatives. Adjusted EBITDA minus capex, a non-GAAP measure, is defined as Adjusted EBITDA minus capital expenditures, net of property insurance recoveries. After weeks of in-depth teasing, Six Flags Fiesta Texas has finally unveiled their 2022 addition: Dr. Diabolical's Cliffhanger, the world's steepest dive coaster. Karie Angell Luc/for the Daily Herald, 2021, Six Flags Great America guests enter the line for the Maxx Force ride in Gurnee. Six Flags America opens for the 2023 season. This announcement was praised for being a "perfect fit" for the Arlington, TX park. Modified EBITDA, as defined herein, may differ from similarly titled measures presented by other companies. I have the gold plus membership and saw I could do this but dont know how and which days they are. By providing these measures, we provide our investors with the ability to review our performance in the same manner as our management. Events, Presentations & Company Announcements, Six Flags Comments on Investor Presentation, Six Flags Amends Cooperation Agreement with H Partners, Six Flags Announces Third Quarter 2022 Performance, Six Flags Sets Date to Announce Third Quarter 2022 Earnings, Six Flags Executive Elected to IAAPA Board, Six Flags Honored with Three Golden Ticket Awards, Six Flags Announces Second Quarter 2022 Performance, Six Flags Announces Board of Directors Changes, Six Flags Offers Thrills, Inclusivity and Safety for Everyone, Six Flags Sets Date to Announce Second Quarter 2022 Earnings. No long-term contract. Adjustments to reconcile net loss to net cash used in operating activities: Other, including loss (gain) on disposal of assets, Change in inventories, prepaid expenses and other current assets, Change in accounts payable, deferred revenue, accrued liabilities and other long-term liabilities, Net cash provided by financing activities, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period, Definition and Reconciliation of Non-GAAP Financial Measures. Three existing rides were adapted to the new theme. Deferred revenue was $127 million as of October 2, 2022, a decrease of $98 million, or 44%, from October 3, 2021. The company partially offset the decrease in revenue with lower cash operating costs. Adjusted EBITDA minus capex, as computer by us, may not be comparable to similar metrics used by other companies in our industry. RUMOR - Six Flags to Announce New Rides for 2021. 01/31/2023. Six Flags Over Texas will make over one of its classic dark rides for 2022. Six Flags Over Georgia and Six Flags White Water Announce Fall 2022 and 2023 Season Event Lineup Featuring Nine New Festivals. Title. 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. Aug 6, 2021. We are cashless at the gate. Our board of directors and managed use Adjusted EBITDA minus capex to measure our performance and our current management incentive compensation plans are based largely on Adjusted EBITDA minus capex. 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. 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.
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