Welcome to our dedicated page for Six Flags Entertainment Corporation news (Ticker: FUN), a resource for investors and traders seeking the latest updates and insights on Six Flags Entertainment Corporation stock.
Six Flags Entertainment Corporation (NYSE: FUN) operates North America's largest regional amusement park portfolio, blending thrill rides with iconic character experiences. This news hub provides investors and industry observers with timely updates on financial performance, strategic partnerships, and operational developments shaping the theme park leader.
Access official press releases covering quarterly earnings, new attraction launches, and intellectual property collaborations with brands like DC Comics and Looney Tunes. Our curated news collection simplifies tracking of critical updates including safety innovations, park expansions, and sustainability initiatives across 27 amusement and 15 water parks.
Key coverage areas include annual pass program updates, seasonal event announcements, and management changes. Bookmark this page for direct access to Six Flags' SEC filings, media statements, and market-moving developments – all organized chronologically for efficient research and analysis.
Cedar Fair reported record 2022 performance with net revenues of $1.82 billion, a 36% increase over 2021, and net income of $308 million, up from a $49 million loss in 2021. Attendance grew by 38% year-over-year to 26.9 million guests, though still down 4% from 2019 levels. In-park per capita spending decreased slightly to $61.65. The company also achieved a record Adjusted EBITDA of $552 million, reflecting a 70% year-over-year increase. Additionally, Cedar Fair announced a quarterly cash distribution of $0.30 per LP unit, payable March 21, 2023, while strengthening its balance sheet by repaying $264 million in debt, bringing net leverage to 4.0x Adjusted EBITDA.
Cedar Fair Entertainment Company (NYSE: FUN) announced the opening of Cedar Point Esports in May at the Cedar Point Sports Center, Sandusky, Ohio. This initial phase will feature a 1,000-square-foot space with 32 competitive gaming stations and the capability to broadcast and produce live content. The facility aims to become the premier gaming destination in Northern Ohio, supporting local esports teams and hosting gaming events. This development is part of a broader $50 million investment in the Sports Center, which has been a key driver of local economic growth and attracted amateur sports teams.
Cedar Fair Entertainment Company (NYSE: FUN) is set to host its largest-ever hiring event from
Cedar Fair Entertainment Company (NYSE: FUN) will release its 2022 fourth-quarter and full-year financial results on February 16, 2023, before the market opens. A conference call will follow at 10 a.m. EST with key executives discussing financial results and future business outlook. Cedar Fair operates 13 amusement and water parks across various states, focusing on providing immersive entertainment experiences. Investors can access the live webcast or a recorded version on the company's investor relations site.
accesso Technology Group plc has extended its partnership with Cedar Fair Entertainment Company (NYSE: FUN) for five more years, enhancing the guest experience across Cedar Fair's North American properties using the accesso Passport® eCommerce ticketing suite. Cedar Fair, welcoming around 28 million guests annually with revenue over $1.5 billion, has been utilizing accesso's technology since 2011. The mobile-centric accesso Passport system processed over 96 million tickets in 2021, positioning itself as a leading eCommerce solution in the leisure industry.
Cedar Fair reported record financial results for Q3 2022, achieving net revenues of $843 million, up 12% from Q3 2021 and 18% from Q3 2019. Net income soared to $333 million, marking a rise of 126% year-over-year. Total attendance reached 12.3 million, a 14% increase from last year. The company generated strong free cash flow, allowing debt repayment and a quarterly cash distribution of $0.30 per unit. Cedar Fair's performance reinforces its recovery and growth strategy despite ongoing macroeconomic challenges.
Cedar Fair (NYSE: FUN) will release its third-quarter financial results for 2022 on November 2, 2022, prior to market opening. A conference call hosted by management, including President and CEO Richard Zimmerman, will take place at 10 a.m. EDT on the same day to discuss details of the results and the company's business outlook. Investors can access the live audio webcast on Cedar Fair's investor site. Cedar Fair operates 13 amusement and water parks across various states and Ontario, Canada, offering immersive entertainment experiences.
Cedar Fair, L.P. (NYSE: FUN) announced changes to its Board of Directors effective October 3, 2022. New members include Michelle McKinney Frymire, former CEO of CWT, and Jennifer Mason, a global officer at Marriott International. They replace outgoing directors Debra Smithart-Oglesby and Lauri M. Shanahan, who served since 2012. Chairman Daniel J. Hanrahan praised the outgoing directors for their invaluable contributions, especially during the COVID-19 pandemic, while expressing confidence in the fresh perspectives that Frymire and Mason will bring to drive future growth.
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