Earnings ·
Six Flags reports Q3 net loss of $366M including $688M impairment, same-park revenue up 1.4%
FUNSix Flags Entertainment Corporation
Six Flags Entertainment reported a third-quarter net loss attributable to the company of $366.1 million, or $3.59 per diluted share, which included $687.7 million in non-cash impairment charges for goodwill and other intangibles. On a same-park basis, net revenues increased 1.4% to $1.17 billion and Adjusted EBITDA rose 1.1% to $493.2 million, driven by higher per capita spending of $60.51 and 54 additional operating days. Attendance was essentially flat at 18.2 million visitors. The company reduced its full-year capital expenditure outlook to $350–$375 million from a prior range of $400–$425 million due to the timing of new ride projects, while maintaining total liquidity at $1.06 billion and net debt at $4.66 billion. Six Flags Entertainment Corporation operates the largest regional amusement park network in North America.