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Another record quarter for Six Flags with revenue

up by 2% to $485 million

Update : 13:26 Published by François Mayné the 28 October 2012, Corporate.

The world's largest regional theme park operator Six Flags Entertainment Corporation announced it signed a tenth consecutive quarter of record financial performance by unveiling its results for the third quarter of fiscal year 2012.

During this period, the company generated revenue and an Adjusted EBITDA respectively up by 2% to $485 million (approx €375 million) and by 3% to $258 million (approx €199 million). These figures can be explained by the increase in revenues from ticket sales due to an increase in attendance by 3%, for a total of 11.3 million visitors for the quarter.

Total guest spending per capita declined slightly due primarily to the company's success in generating a higher mix of season pass attendance. On average, season pass holders spend less per visit than a single-day visitor, although they generate more revenue, profit and cash flow for the company over an entire season.

"Six Flags' strong momentum continues, driven by record-high guest satisfaction, innovative new attractions and great execution by our dedicated employees," said Jim Reid-Anderson, Chairman, President and CEO. "Our consistent performance and strong financial position allows us to increase our dividend by 50 percent to an annual dividend rate of $3.60 per share. We remain laser focused on delivering our aspirational target of $500 million of Modified EBITDA by 2015, which would equate to nearly $6 of cash earnings per share."

For the first nine months of fiscal year 2012, revenue increased by 6% to $ 926 million (approx €716 million) while the Adjusted EBITDA increased by 12%. We note that Six Flags has sold its minority stake in the company Dick Clark Productions (TV producer) for a total amount of $ 70 million, with the aim to focus on regional theme park operations.

Texas SkyScreamer (Six Flags Over Texas)

Six Flags unveiled a few weeks ago its investment plan for the 2013 season, but did not specify the exact amount. All theme parks of the company are concerned with a special focus on record-breaking additions including at Six Flags Magic Mountain with Full Throtle (world's tallest and fastest looping coaster), Six Flags Over Texas with Texas SkyScreamer (world's tallest swing ride) or Six Flags great Adventure that will become the world's largest theme park.

For more information about the investment plan for 2013, please read our related articles section below.

Financial Information - - -

Written by François Mayné

François Mayné Publishing Director » Contact Us
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Premier Rides
(17 articles found)

Premier Rides wins €8 million contract to build a launch coaster at Plopsa's Holiday Park in 2014 read more

Theme park operator Plopsa Group has announced its plans to open an €8 million (approx $10.9 million) launch coaster in its Holiday Park property i...

NEW | Premier Rides - Published on October 6, 2013

Euro Attractions Show 2013 Wrap-Up: Exhibitor's Quotes and Impressions read more

The Euro Attractions Show 2013 ended on a very positive note last week after three intensive days of business meetings and networking events...

FEATURE | Premier Rides - Published on September 29, 2013

Theme Park Supplier's News of the Week #2 read more

We publish today the second issue of our new Theme Park Supplier's News of the Week series of articles, a review of the latest news and releases of companies supplying the theme park industry worldwide. This weekly report...

NEW | Premier Rides - Published on July 9, 2013

Premier Rides signs its largest service contract with Ocean Park Hong Kong read more

Premier Rides’ aftermarket ride support division, Premier Service™, has been selected by the 2012 Applause Award winner, Ocean Park Hong Kon...

NEW | Premier Rides - Published on March 20, 2013

Premier Rides welcomes Pete Barto as new Director of Sales read more

Theme park attraction supplier Premier Rides has welcomed Pete Barto to the company in the position of Director of Sales. "Traveling directly...

CORPORATE | Premier Rides - Published on October 18, 2012

Six Flags unveils new thrill and family rides, extreme water slides and unique shows for 2013 read more

Six Flags Entertainment Corporation, the world’s largest regional theme park company, today announced that it will introduce another exciting ar...

NEW | Premier Rides - Published on August 30, 2012

Premier Rides President Jim Seay talked safety at IAAPA's Asian Attractions Expo 2012 read more

Jim Seay, president of attractions supplier Premier Rides and chairman of global safety standards group ASTM Committee F24, delivered the kick-off...

CORPORATE | Premier Rides - Published on June 14, 2012

Speed - The Ride will reopen at a new location in Las Vegas read more

Last May, we were reporting that the Sahara Hotel & Casino on the Las Vegas Strip was closing down due to financial issues. The hotel featured...

PROJECT | Premier Rides - Published on April 23, 2012

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Hydro (Oakwood Theme Park) Gyrotour (Futuroscope) Blue Fire (Europa-Park) Sledge Hammer (Bobbejaanland) Stunt Fall (Parque Warner Madrid) Toy Story Mission Parachute (Walt Disney Studios) Troy (Toverland) Star Flyers (Plopsaland) Uppswinget (Liseberg) Lynet (Farup Sommerland) Grande Roue (Walibi Belgium) Cobra (Paultons Family Theme Park) G-force (Walibi Holland) Stealth (Thorpe Park) El Volador (Bellewaerde Park) Katun (Mirabilandia) Hurakan Condor (Port Aventura)