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NEWS
Six Flags reports record results for ninth consecutive year
POSTED 19 Feb 2019 . BY Andy Knaggs

Our exceptional operating performance in Q4 demonstrates the strength of our pricing power
– Jim Reid-Anderson
Thirty-two million guests passed through the gates of a Six Flags theme park in 2018, helping to give the company record revenue figures for the ninth consecutive year.

The theme park operator reported an increase of US$105m (€92.79m, £81.27m) in revenue for the year, to reach US$1.5bn (€1.33, £1.16bn). It said the revenue growth was primarily driven by a 5 per cent increase in attendance, a 2 per cent increase in per capita spending, and a 7 per cent increase in sponsorship, international agreements and accommodations revenue. The per capita increase was assisted by changes in pricing for admissions and sales of memberships with premium tiers, said Six Flags.

Six Flags' expansion programme, which saw five parks in the domestic market acquired in 2018, also continued strongly. Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the year was US$554m (€490m, £429m) – up 7 per cent on 2017.

In Q4 2018, revenue grew by US$13m (€11.49m, £10.06m) to US$270m (€239m, £209m), a 5 per cent improvement on the same quarter 2017, while the guest spending per capita for the quarter increased by US$2.35 (€2.08, £1.82), most of which was realised through increased admissions per capita (US$1.74) rather than in-park spending per capita (US$0.61).

There was an unfavourable revenue adjustment of US$15m (€13.26m, £11.61m) in Q4 2018, as a result of delays in the expected opening dates of some of Six Flags’ parks in China, caused, it said, by “a challenging macroeconomic environment”.

Speaking of his pride upon recording a ninth consecutive year of record results, chair, president and chief executive officer Jim Reid-Anderson commented: "Our exceptional operating performance in the fourth quarter demonstrates the strength of our pricing power, membership strategy, and in-park spending programmes, all of which, together with our domestic and international park expansion initiatives, will provide a strong platform for growth for many years to come."
RELATED STORIES
  Trouble for Six Flags as multiple international projects face delay


Six flags chief Jim Reid-Anderson has revealed that changes in government are stalling the operator's Chinese projects, while there are "no assurances" as to the outcome of the operator's on- hold Dubai development.
  Rebrand, renovation and new attractions planned for US parks acquired by Six Flags


Three US theme parks acquired from EPR Properties last year are undergoing extensive enhancements and re-branding by new owners Six Flags Entertainment.
  Six Flags Dubai on hold as DXB sees finance options evaporate


DXB Entertainments – the owner of Dubai Parks and Resorts – has slammed the brakes on its under- development Six Flags-branded theme park in Dubai, citing withdrawal of financing as the reason behind the move.
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Uniting the world of spa & wellness
Get Spa Business and Spa Business insider digital magazines FREE
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News   Products   Magazine   Subscribe
NEWS
Six Flags reports record results for ninth consecutive year
POSTED 19 Feb 2019 . BY Andy Knaggs
Our exceptional operating performance in Q4 demonstrates the strength of our pricing power
– Jim Reid-Anderson
Thirty-two million guests passed through the gates of a Six Flags theme park in 2018, helping to give the company record revenue figures for the ninth consecutive year.

The theme park operator reported an increase of US$105m (€92.79m, £81.27m) in revenue for the year, to reach US$1.5bn (€1.33, £1.16bn). It said the revenue growth was primarily driven by a 5 per cent increase in attendance, a 2 per cent increase in per capita spending, and a 7 per cent increase in sponsorship, international agreements and accommodations revenue. The per capita increase was assisted by changes in pricing for admissions and sales of memberships with premium tiers, said Six Flags.

Six Flags' expansion programme, which saw five parks in the domestic market acquired in 2018, also continued strongly. Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the year was US$554m (€490m, £429m) – up 7 per cent on 2017.

In Q4 2018, revenue grew by US$13m (€11.49m, £10.06m) to US$270m (€239m, £209m), a 5 per cent improvement on the same quarter 2017, while the guest spending per capita for the quarter increased by US$2.35 (€2.08, £1.82), most of which was realised through increased admissions per capita (US$1.74) rather than in-park spending per capita (US$0.61).

There was an unfavourable revenue adjustment of US$15m (€13.26m, £11.61m) in Q4 2018, as a result of delays in the expected opening dates of some of Six Flags’ parks in China, caused, it said, by “a challenging macroeconomic environment”.

Speaking of his pride upon recording a ninth consecutive year of record results, chair, president and chief executive officer Jim Reid-Anderson commented: "Our exceptional operating performance in the fourth quarter demonstrates the strength of our pricing power, membership strategy, and in-park spending programmes, all of which, together with our domestic and international park expansion initiatives, will provide a strong platform for growth for many years to come."
RELATED STORIES
Trouble for Six Flags as multiple international projects face delay


Six flags chief Jim Reid-Anderson has revealed that changes in government are stalling the operator's Chinese projects, while there are "no assurances" as to the outcome of the operator's on- hold Dubai development.
Rebrand, renovation and new attractions planned for US parks acquired by Six Flags


Three US theme parks acquired from EPR Properties last year are undergoing extensive enhancements and re-branding by new owners Six Flags Entertainment.
Six Flags Dubai on hold as DXB sees finance options evaporate


DXB Entertainments – the owner of Dubai Parks and Resorts – has slammed the brakes on its under- development Six Flags-branded theme park in Dubai, citing withdrawal of financing as the reason behind the move.
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Solmar Hotels and Resorts offers Temazcal ceremony for Global Wellness Day
Mexican operator, Solmar Hotels and Resorts, is hosting a series of events in celebration of Global Wellness Day, including a Temazcal ceremony at its Playa Grande Resort and Spa in Los Cabos.
Mandarin Oriental announces standalone Mansions-branded residences for Abu Dhabi
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ADVERTISE . CONTACT US

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Tel: +44 (0)1462 431385

©Cybertrek 2026

ABOUT LEISURE MEDIA
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