six flags 2022 announcements

Title Six Flags Hosts National Hiring Week; Plans to Hire 15,000 Team Members: Document: Date 04/17/2023 Title Six Flags Sets Date to Announce First Quarter 2023 Earnings: Document: Date 03/02/2023 Title Six Flags Reports Fourth Quarter and Full Year 2022 Performance: Document: Date 03/01/2023 Built by Bolliger and Mabillard (B&M), this floorless dive coaster will be 150ft tall and feature the record breaking 95 degree, beyond vertical drop. Non-admissions revenue per capita is the total revenue generated from our guests, on a per guest basis, on items sold within our parks, such as food, games and merchandise. "Adjusted EBITDA," a non-GAAP measure, is defined as Modified EBITDA minus the interests of third parties in the Modified EBITDA of properties that are less than wholly owned (consisting of Six Flags Over Georgia, Six Flags White Water Atlanta and Six Flags Over Texas). Corporate Communications, Investor Relations and Treasurer Join us for Opening Weekend, March 19 & 20. During the unprecedented last four months, at a time when uncertainty and . Processing fees apply to online orders. So far, no plans have been announced to add a new ride or other significant attraction to the park in 2024, officials said. Kid Flash: Cosmic Coaster (Six Flags Fiesta Texas), Batman: The Ride (Six Flags Fiesta Texas), Superman: Tower of Power (Six Flags St. Louis), Six Flags Great America Entertainment Village, Screampunk District (Six Flags Magic Mountain), SFGAMWorld on Twitter: "BREAKING NEWS: No System-Wide new for 22' Announcements for SF this year", https://www.sixflags.com/fiestatexas/attractions/dr-diabolicals-cliffhanger, Six Flags Over Texas Announces 'Pirates of Speelunker Cave' Ride, https://www.narcity.com/fr/montreal/la-ronde-donne-des-nouvelles-de-la-montagne-russe-vipere-qui-devait-ouvrir-en-2020, https://guidetosfot.com/2022/07/aquaman-power-wave-opening-delayed-until-2023/, Do Not Sell or Share My Personal Information. ARLINGTON, Texas, October 17, 2022--(BUSINESS WIRE)--Six Flags Entertainment Corporation (NYSE: SIX) today announced it will release third quarter financial results before the market opens on Thursday, November 10, 2022. 07/06/2022. Last year, the section of the park once known as Yankee Harbor -- decorated in the style of coastal New England upon the park's creation in 1976 -- got a superhero makeover and called DC Universe. The company operates 27 parks, twenty five in the United States, two in Mexico and one in Montreal, Canada. Six Flags Over Georgia and Six Flags White Water Announce Fall 2022 and 2023 Season Event Lineup Featuring Nine New Festivals. Pirates of Speelunker Caveis actually anre-imagining of one of the parks first attractions calledThe Cave, which operated from 1964 until 1991. As the largest regional theme park company in the world, Six Flags creates thrilling, memorable experiences within our portfolio of regional parks, delivered by a diverse and empowered team, through industry-leading innovation and . A replay of the call will be available on the companys investor relations site https://investors.sixflags.com. Six Flags America opens for the 2023 season. Events, Presentations & Company Announcements, https://www.businesswire.com/news/home/20221110005245/en/. For more information, visit www.sixflags.com. Currently there's a $29.99 but I'm not sure if this applies to all parks. Dr. Diabolical's Cliffhanger is a Dive Coaster manufactured by Bolliger & Mabillard that opened on July 30, 2022 at Six Flags Fiesta Texas. The increase in operating days was offset by a visitation shift of approximately 200 thousand guests from the first quarter to the second quarter 2022 due to the later timing of the Easter holiday, which caused some schools to schedule spring-break vacations in the second quarter of 2022 versus the first quarter in 2021. With a top speed of 63 mph, this launch-style water coaster will take riders to 90-degree angles, across more than 700 feet of track. ARLINGTON, Texas--(BUSINESS WIRE)-- Here are some North Texas water parks set to open next month. The call can be accessed through the Six Flags Investor Relations website, investors.sixflags.com, or by . Sisters Tammy Slaton Seemingly Out of Wheelchair Amid Weight Loss Journey: Photo, Padma Lakshmi Sizzles in SI Swimsuit Debut, Pitchfork and Them Announce Night Out, a Pride Celebration and Concert, Aerosmith Announces Farewell Concert Tour Dates, Listen to Kant10ts Big Meech: The Ones. Starting in June, the park will have extended hours Friday through Sunday from 11 a.m. to 7 p.m. About Six Flags Entertainment Corporation. Total guest spending per capita is calculated by dividing the sum of Park admissions revenue and Park food merchandise and other revenue by total attendance. Six Flags Great America guests ride on Superman: Ride of Steel at the Gurnee amusement park. The higher In-park spending reflects the companys in-park pricing initiatives and positive consumer spending trends. This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding (i) the effect, impact, potential duration or other implications of the COVID-19 pandemic or virus variants, and any expectations we may have with respect thereto including the continuing efficacy of the COVID-19 vaccines, (ii) the adequacy of our cash flows from operations, available cash and available amounts under our credit facilities to meet our liquidity needs, including in the event of a prolonged closure of one or more of our parks, (iii) our ability to execute our strategy to significantly improve our financial performance and the guest experience, (iv) expectations regarding consumer demand for regional, outdoor, out-of-home entertainment, including for our parks, and (v) expectations regarding our annual income tax liability and the availability and effect of net operating loss carryforwards and other tax benefits. On select days in June and July there will be an expanded food menu as part of an event called "Flavors of the World," and on select days in August the park will host Viva La Fiesta, which will include food and entertainment. The technical storage or access that is used exclusively for anonymous statistical purposes. Six Flags Over Texas confirmed . Our board of directors and managed use Adjusted EBITDA minus capex to measure our performance and our current management incentive compensation plans are based largely on Adjusted EBITDA minus capex. Six Flags Over Texas will make over one of its classic dark rides for 2022. Announcement [] In 2022, Six Flags Great Adventure, Six Flags Over Georgia and Six Flags New England announced the addition of a new roller coaster for the 2023 seasons. What better way to celebrate our parks 60th anniversary than by announcing a brand-new attraction that pays homage to our past and launches us into the future, added McKenzie. The income per share was $1.13 compared to an income per share of $1.51 in the first nine months 2021. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. Your email address will not be published. Texans celebrate Cinco because a Texan led Mexicos victory. Privacy Policy. The increase in Admissions spending per capita was primarily driven by higher realized ticket pricing and a higher mix of single day tickets. [1] Paul Valade | Staff Photographer, 2022. Karie Angell Luc/for the Daily Herald, 2021. Six Flags America Shuts Down 2 Areas Indefinitely, Kentucky Kingdom Retires T3 Roller Coaster, Recapping OSUs SITE 2023 Student-led Conference, Review: Serengeti Flyer at Busch Gardens Tampa. To celebrate its 60th anniversary, Six Flags Over Texas announced today that two new rides will be arriving for the 2022 season. Six Flags 2022 Announcement Video (Unofficial) 1,089 views Jan 9, 2022 10 Dislike Share Coaster Delta 6 subscribers Six Flags' 2022 Announcement Video! April 15 Six Flags Great America re-opens for the 2022 season. For 61 years, Six Flags has entertained hundreds of millions of guests with world-class coasters, themed rides, thrilling waterparks and unique attractions. For 60 years, Six Flags has entertained hundreds of millions of guests with world-class coasters, themed rides, thrilling waterparks and unique attractions. A list of events in 2022 related to Six Flags. As the worlds first regional theme park, Six Flags Over Texas has built a solid reputation of providing innovative thrills and lifelong memories for generations of families, said Six Flags Over Texas Park President Ron McKenzie. The income per share was $1.39 compared to an income per share of $1.80 in third quarter 2021, driven by lower revenues partially offset by a reduction in expenses. The last roller coaster debut was Maxx Force in July 2019, which officials touted as having the fastest launch time -- zero to 78 mph in under 2 seconds -- of any coaster in North America. Unlike previous Six Flags announcements, this was not a chain-wide announcement, and all attractions were announced on their own separate days. All rights reserved. Six Flags Wiki is a FANDOM Lifestyle Community. All rights reserved. Yes this isn't clickbaitIt was recently discovered that we will not be getting anymore announcement videos, the news came from screamscape and while screams. Our board of directors and management use Adjusted EBITDA to measure our performance and our current management incentive compensation plans are based largely on Adjusted EBITDA. "Our announcement was made last month after careful and deep consideration," Hewitt said. No long-term contract. The parks hours from Monday through Thursday will be 11 a.m. to 6 p.m. Hawaiian Falls water parks in Mansfield and Roanoke will open to the general public on weekends starting May 13 before opening for the season on Memorial Day weekend. By providing these measures, we provide our investors with the ability to review our performance in the same manner as our management. These non-GAAP financial measures are presented as supplemental information and not as alternatives to any GAAP financial measures. The theme park was closed throughout 2020 due to health concerns stemming from the COVID-19 pandemic. does anyone know. Returning guest favorites and new offerings create endless opportunities for fun all year long. The Six Flags 2022 New Attractions was a media event detailing all new 2022 Six Flags attractions across 2021 and 2022. Adjusted EBITDA is approximately equal to Parent Consolidated Adjusted EBITDA as defined in our secured credit agreement, except that Parent Consolidated Adjusted EBITDA excludes Adjusted EBITDA from equity investees that is not distributed to us in cash on a net basis and has limitations on the amounts of certain expenses that are excluded from the calculation. Cookie Notice Use the search bar below: Fun Spots Mine Blower to get RMC re-track? Were thinking there may be another PowerSplash in the future. Real-time updates and all local stories you want right in the palm of your hand. Total revenue for third quarter 2022 decreased $133 million, or 21%, compared to third quarter 2021, driven by lower attendance partially offset by higher per capita spending. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. Six Flags Entertainment Corporation (NYSE: SIX), the worlds largest regional theme park company and the largest operator of waterparks in North America, today reported third quarter 2022 financial results. Visitors to Six Flags Great America will see improvements in comfort and fan experience at the Gurnee amusement park when it opens for the 2023 season Saturday, officials said. Megan Cardona is a service journalism reporter at the Star-Telegram covering a variety of topics including government policy, community resources, entertainment and more to help residents navigate everyday life in North Texas. Since most of the parks are not scheduled to be open during the first quarter, the company had a net loss of $66 million in first quarter 2022. This year, look for rib-eye tacos, conjunto or a Big Rita.. The $19.30 increase in guest spending per capita compared to first quarter 2021 was driven by a $10.33 increase in Admissions spending per capita and a $8.97 increase in In-park spending per capita. Adjusted EBITDA minus capex, as computer by us, may not be comparable to similar metrics used by other companies in our industry. Average Retirement Savings By Age: Are You Normal? Represents interests of non-controlling interests in the Adjusted EBITDA of Six Flags Over Georgia, Six Flags Over Texas and Six Flags White Water Atlanta. Revenues and expenses of international operations are converted into U.S. dollars on an average basis as provided by GAAP. The higher In-park spending reflects the companys in-park pricing initiatives. 2022 Six Flags. Document. This announcement was praised for being a "perfect fit" for the Arlington, TX park. Six Flags Great America guests ride on Superman: Ride of Steel at the Gurnee amusement park. Adjustments to reconcile net loss to net cash used in operating activities: Other, including loss (gain) on disposal of assets, Change in inventories, prepaid expenses and other current assets, Change in accounts payable, deferred revenue, accrued liabilities and other long-term liabilities, Net cash provided by financing activities, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period, Definition and Reconciliation of Non-GAAP Financial Measures. In the first nine months 2022, the company invested $73 million in new capital, net of insurance recoveries. Jul 28, 2021. We recommend the Diamond Pass for the best parking! Heres where to find bands, buffets, margaritas and Cinco de Mayo fun, Karl Lagerfelds Interior Design Projects Reveal His Encyclopedic Mind, 1000-Lb. In first quarter 2022, the company invested $29 million in new capital, net of insurance recoveries. Park-goers started to voice concerns in early 2022 when there appeared to be little to no progression on the AQUAMAN: Power Wave construction site. For 61 years, Six Flags has entertained millions of families with world-class coasters, themed rides, thrilling water parks and unique attractions. The loss per share was $(0.76) compared to a loss per share of ($1.12) in first quarter 2021. 2022 Six Flags. For more information, visit www.sixflags.com. Date. Adjusted EBITDA minus capex as defined herein may differ from similarly titled measures presented by other companies. Revenues and expenses of international operations are converted into U.S. dollars on an average basis as provided by GAAP. 5-min read. Six Flags Q4 2022 and 2022 Year End Report Results City of Frisco Votes To Go Ahead With Universal Studios Texas Park Plans . In addition, the instruments governing our indebtedness use Adjusted EBITDA to measure our compliance with certain covenants and, in certain circumstances, our ability to make certain borrowings. Adjusted EBITDA was $226 million, a decrease of $53 million compared to third quarter 2021. The ride is steampunk-themed and is based on Dr. Diabolical's plan of keeping her creatures during Fright Fest eternal, hence the creation of the "Cliffhanger . By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The company partially offset the decrease in revenue with lower cash operating costs. The most recent figure published by an industry analyst group was from the 2021 AECOM Theme Index report, which estimated Six Flags Great America had 2,675,000 visitors in 2021 -- 19th place among North American theme parks. As a result, these non-GAAP financial measures as presented may not be directly comparable to a similarly titled non-GAAP financial measure presented by another company. We believe that Adjusted EBITDA minus capex is frequently used by all our sell-side analysts and most investors as their primary measure of our performance in the evaluation of companies in our industry. and our With over 20 brews on tap, popular North Texas brewery to open in Cleburne this summer, Viva Mxico! The parks will be open from noon to 5 p.m. on May 6 and 7 for season pass holders only. "Adjusted EBITDA," a non-GAAP measure, is defined as Modified EBITDA minus the interests of third parties in the Modified EBITDA of properties that are less than wholly owned (consisting of Six Flags Over Georgia, Six Flags White Water Atlanta and Six Flags Over Texas). The lower attendance was driven by an increase in ticket prices and elimination of free tickets and heavily-discounted product offerings. Gurnee finance director Brian C. Gosnell said Thursday the village anticipates issuing $120,000 to the park as a result of the revenue it brought in during the 2022 season. For more information, visit www.sixflags.com. Python Plunge opens at Six Flags White Water. In a surprise December announcement, Six Flag Fiesta Texas revealed it would open the first "P'Sghetti Bowl" coaster model from Skyline Attractions. The park this morning announced that . Adjusted EBITDA as defined herein may differ from similarly titled measures presented by other companies. Represents interests of non-controlling interests in the Adjusted EBITDA of Six Flags Over Georgia, Six Flags Over Texas and Six Flags White Water Atlanta. We are cashless at the gate. Title. ARLINGTON, Texas--(BUSINESS WIRE)-- The $8.94 increase in guest spending per capita compared to third quarter 2021 was driven by a $6.23 increase in Admissions spending per capita and a $2.71 increase in In-park spending per capita. Deferred revenue was $185 million as of April 3, 2022, a decrease of $60 million, or 25%, from April 4, 2021. ARLINGTON, Texas--(BUSINESS WIRE)-- Six Flags Entertainment Corporation (NYSE: SIX) (the "Company," "we," "us" or "our"), the world's largest regional theme park company and the largest operator of water parks in North America, today announced that it has priced $800 million aggregate principal amount of 7.250% senior notes due 2031 at an offering price of 99.248% of the . Date. Rumors grew throughout the season that the ride would be delayed yet again. The company had a net income of $116 million in third quarter 2022, compared to $157 million in third quarter 2021. We believe that these non-GAAP financial measures provide important and useful information for investors to facilitate a comparison of our operating performance on a consistent basis from period to period and make it easier to compare our results with those of other companies in our industry. Snake season in North Texas is here. We have finally returned to Six Flags Over Georgia, and quite a bit has changed! Six Flags Offers Thrills, Inclusivity and Safety for Everyone. [1] Due to the COVID-19 pandemic, some rides planned to have opened in 2020 were delayed to 2022 or later. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. The market expects Six Flags (SIX) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2023. Document. Cash taxes represents statutory taxes paid, primarily driven by Mexico and state level obligations. ARLINGTON, Texas -- (BUSINESS WIRE)-- Six Flags Entertainment Corporation (NYSE: SIX), the world's largest regional theme park company and the largest operator of waterparks in North America, today reported third quarter 2022 financial results. Nelson took a trip during the July 4th fest, and noticed that Splashwater Falls looked different. Learn more about our park safety protocols and procedures such as new cashless payments. Adjusted EBITDA minus capex, as computer by us, may not be comparable to similar metrics used by other companies in our industry. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Although Splash Dayz will be closed Mondays, the park will be open for Memorial Day on May 29 from 11 a.m. to 8 p.m. NRH2O Family Water Park will be open for weekends only starting May 13 from 11 a.m. to 6 p.m. before opening for the season May 27. These efficiency measures were offset by higher wage rates, and increases in repair and maintenance, utilities, and other costs due to inflation. Saturday, August 8, 2020 - 07:24. Coaster101.com is your online destination for all of the ins-and-outs and twists-and-turns of roller coasters and the amusement industry. Park officials also announced new special events and festivals. A list of events in 2023 related to Six Flags. There are, however, new food and drink options, like a beer garden in the Southwest Territory area, and 90 new park benches and refreshed landscaping throughout the park. The Monster Opens and Youve Got to See Its Nighttime Lighting, Walt Disney World Pre-vs-Post Covid Cost Comparison, State-of-the-art animatronics throughout the ride experience; and. Senior Vice President The village has given the . The increase in Admissions spending per capita was primarily driven by higher realized ticket pricing and revenue from memberships beyond the initial 12-month commitment periodin first quarter 2021, the company did not recognize membership revenue from members whose home park was closed due to the pandemic. The reduction in operating costs was driven by full-time headcount reductions, fewer total employee hours worked, and lower advertising costs. 5 comments 100% Upvoted Log in or sign up to leave a comment Log In Sign Up This was a year of transition for Six Flags, as we made bold changes to our business model in order to elevate the guest experience and to position the company for sustainable, long-term earnings growth, said Selim Bassoul, President and CEO. We offer lots of group ticket packages, to match every event size and activity. These non-GAAP financial measures are presented as supplemental information and not as alternatives to any GAAP financial measures.

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