24 Jul 2015
Six Flags marks record revenues in latest earnings report
BY Tom Anstey
Six Flags enjoyed a successful second quarter in 2015, marking record financial performances for the three months ending in June.
The theme park operator recorded a net income of US$84.6m (€77m, £54.5m) in Q2, with revenues rising 3 per cent to US$386m (€350.7m, £248m).
Over the first six months of the financial year, Six Flags has seen revenues increase to US$471m (€429m, £303.3m), representing 5 per cent growth over that time period.
In this most recent quarter, nearly nine million people visited one of Six Flags’ theme parks, a 9 per cent increase compared to the same period in 2014.
In response to the results, Six Flags president and CEO, Jim Reid-Anderson, said the park was “highly encouraged by the trends, with strong momentum across all Six Flags parks.”
Andersen also attributed the boost in part to US$70m (€64m, £45m) worth of capital improvements at its parks and to increased visitation by season pass holders, which were “working well” and offered “highly encouraging trends in our business.”
On a per-share basis, the Texas-based company recorded profits of 67 cents, surpassing stock market expectations and increasing slightly more than 7 per cent since the beginning of the year, with stock rising 12 per cent over the last 12 months.
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