Today, U.S.-based Six Flags Entertainment Corporation, which operates 27 theme and water parks in the U.S., Mexico and Canada, announced its full year 2022 results. The company’s key financials are as follows:
- With total revenues of 1,358 million USD (1,276 million EUR), the company experienced a 9 percent, or 139 million USD (131 million EUR), decline compared to 2021. This is mainly attributed to a lower attendance.
- A total of 4 million guests came to the Six Flags parks last year, representing a decline of 26 percent from the previous year. Reasons cited for this include an increase in ticket prices and the elimination of free tickets and heavily-discounted ticket offers.
- Net income also shows a loss, with a decrease of 16 percent down to 109 million USD (102 million EUR), compared to 2021. The income per share was 29 USD (1.21 EUR).
- Adjusted EBITDA was 465 million USD (437 million EUR), a decrease of 33 million USD (31 million EUR) compared to 2021.
- Per capita guest spending developed in a positive way, with an increase of 22 percent compared to 2021 to an average of 93 USD (60,1 million EUR)
Despite these results, the company is positive about the future, where it hopes to build on its comparatively strong quarterly results from Q4 2022. Visitors and fans can already look forward to a number of new attractions and experiences at Six Flags parks in 2023. Read more about what those novelties will be here. (eap)