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Six Flags reports record first half 2013

financial results

Update : 25/08/13 - 10h03 Published by François Mayné the 18 August 2013, Corporate.
The world's largest regional theme park operator Six Flags has announced a record high $451 million of revenue (€338 million) for the first six months of its fiscal 2013, representing a 2% increase or + $10 million compared to the prior year.

Six Flags reports record first half 2013Attendance for the first six month was up 1% to stand at 10.7 million guests while the average spending per visitor also increased 1% at $39.74. This rise was a result of a 3% increase of average admission revenue ($22.62) slightly offset by a decrease in in-park revenue ($17.12). The company said that it continued to successfully upsell guests to season passes and membership plans, and that as a result, deferred revenue grew to $130 million in the first half, an increase of 22% exactly like prior year.

Six Flags stated that the growth in profitability during the second quarter was a direct result of the company's pricing strategy and its ability to effectively manage costs. "I am pleased with our record year-to-date financial performance, despite cooler temperatures and unprecedented levels of precipitation at our eastern and mid-western parks during the second quarter," said Jim Reid-Anderson, Chairman, President and CEO. "Our exciting new attractions and all-time high guest-satisfaction ratings have propelled our performance to new highs. We remain on track to deliver our aspirational target by 2015."

The company invested $72 million in new capital during the first half. Highlights of the 2013 season include notably the opening of the world's fastest and tallest looping coaster at Six Flags Magic Mountain (Full Throttle, supplied by Premier Rides), the world's tallest aerial flying chairs ride at Six Flags Over Texas (Texas SkyScreamer, supplied by Funtime), the full retracking of the wood roller coaster Iron Rattler at Six Flags Fiesta Texas (by Rocky Mountain Construction) and the transformation of Six Flags Great Adventure, now considered as the world's largest theme park after that the property has combined the amusement park and the safari park.

Six Flags will reveal this August 29th its plans for the 2014 season by announcing most of the rides and shows that will be introduced across the United States, Canada and Mexico.
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(9 articles found)

Theme Park Supplier's News of the Week #12 read more

Our Theme Park Supplier's News of the Week is a round-up of the latest news relative to companies supplying the theme park industry around the world.  This weekly report covers topics such as corporate announcements, financial ...

NEW | accesso - Published on October 21, 2013
Lo-Q extends business relationships with Palace Entertainment and Dollywood read more

The beginning of the year is already full of announcements for Lo-Q, the specialist of virtual queuing systems for the theme parks, water parks...

NEW | accesso - Published on January 23, 2013
Lo-Q acquires accesso to support multiple growth opportunities read more

Lo-Q, the leading supplier of virtual queuing system for theme parks, water parks and visitor attractions, announced yesterday the acquisition...

CORPORATE | accesso - Published on December 6, 2012
accesso introduces new branding identity for its fully-hosted ticketing platform read more

Award-winning ticketing technology firm accesso® has unveiled accesso Passport as the new brand for its innovative, fully-hosted ticketing p...

NEW | accesso - Published on October 17, 2012
accesso incorporates attraction ticketing into Apple's new Passbook app read more

accesso, a leading provider of attraction ticketing, will be one of the first travel industry suppliers to adapt its ticketing platform to support...

NEW | accesso - Published on September 19, 2012
Palace Entertainment selects accesso for online ticketing and eCommerce platform read more

accesso, the leading provider of eCommerce and mobile ticketing solutions for theme parks and entertainment venues in the United States, has...

NEW | accesso - Published on August 22, 2012
Two top Seattle attractions leverage accesso's innovative ticketing platform read more

The iconic Space Needle, celebrating its 50th Anniversary, and Chihuly Garden and Glass, a new art experience featuring the work of renowned...

NEW | accesso - Published on July 16, 2012
accesso Promotes TJ Christensen and Janel Pisorchik to Vice President Positions read more

accesso, a leading ticketing software company based in Lake Mary (Florida, USA), has promoted TJ Christensen and Janel Pisorchik to positions...

CORPORATE | accesso - Published on January 31, 2012
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