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) is widely covered in financial and corporate news due to its role as North America’s largest regional amusement-resort operator and its active capital markets, governance and expansion activities. This news page aggregates company-issued updates and other coverage related to Six Flags’ amusement parks, water parks, resort properties and international projects.
Recent company news highlights a variety of topics, including the pricing and closing of a private offering of 8.625% senior notes due 2032 and the planned redemption of existing senior notes due 2027, as described in press releases and corresponding Form 8-K filings. Coverage also includes strategic decisions about specific assets, such as the choice not to exercise a call option related to the partnership that holds Six Flags Over Texas, while continuing to operate and invest in that park under existing agreements.
Operational and guest-focused updates are another key theme in Six Flags news. The company issues releases on the opening of new parks and attractions, such as Six Flags Qiddiya City in Saudi Arabia, which it describes as its first theme park designed and built outside North America with 28 rides and attractions across six themed lands. Seasonal event announcements, including WinterFest, Holiday in the Park, Knott’s Merry Farm and Christmas in the Park at selected parks, showcase how Six Flags combines rides with holiday lights, live entertainment and themed food and beverage offerings.
Investors and observers can also find leadership and governance updates in the news flow, such as the appointment of John Reilly as President and Chief Executive Officer and changes to the board of directors. In addition, news items reference shareholder engagement by groups like JANA Partners and Sachem Head Capital Management LP. By following this page, readers can see how Six Flags communicates financial performance, capital structure decisions, seasonal programming and corporate governance developments over time.
Cedar Fair Entertainment Company (NYSE: FUN) reported record year-to-date preliminary net revenues of $1.37 billion through September 5, 2022, driven by in-park per capita spending averaging $61.11 and out-of-park revenues of $163 million. Average daily attendance rose 5% year over year, totaling 20.5 million guests. For the five-week period ending September 5, revenues reached $343 million, marking a 27% increase compared to the same period in 2019. The company anticipates strong demand for its Halloween celebrations and season pass sales for 2023.
Cedar Fair, L.P. (NYSE: FUN) has made its 2021 Schedule K-3 forms available online for unitholders needing international tax reporting information. This is particularly relevant for foreign unitholders and others seeking foreign tax credits. The forms can be accessed via Cedar Fair’s website. For further assistance, unitholders can contact the Tax Package Support Team during business hours. Cedar Fair is a leading regional amusement park operator, managing 13 properties across the U.S. and Canada, focusing on delivering enjoyable experiences.
Cedar Fair Entertainment Company (NYSE: FUN) has announced exciting 2023 plans for its amusement parks, focusing on new attractions, themed areas, and seasonal events. Capital investments will reach approximately $200 million, the largest ever for the company. Highlights include the 50th anniversary of Worlds of Fun and Carowinds, and the introduction of unique rides like Tundra Twister at Canada's Wonderland and the revamped Zambezi Zinger. The parks aim to enhance guest experiences with improved dining options and a full calendar of events, including the return of popular celebrations.
Cedar Fair reported a record 3.2 million season passes sold for 2022, supporting a robust outlook. For Q2 2022, net revenues reached $509 million, up $285 million from Q2 2021. Net income climbed to $51 million, a $110 million increase from the previous year. Adjusted EBITDA rose to $171 million, reflecting strong operational performance. The company reinstated a $0.30 per unit distribution and authorized a $250 million unit repurchase program, reflecting confidence in future growth. However, attendance for Q2 2022 fell by 8% compared to 2019, highlighting ongoing recovery challenges.
Cedar Fair Entertainment Company (NYSE: FUN) has announced a cash distribution of
Cedar Fair Entertainment Company (NYSE: FUN) plans to release its 2022 second-quarter financial results on August 3, 2022, before market hours. Following the announcement, a conference call will be held at 10 a.m. EDT to discuss the results and the company's future outlook. Key executives, including Richard Zimmerman, Brian Witherow, and Michael Russell, will participate. The call can be accessed via a live audio webcast on Cedar Fair's investor site, with a recorded version available post-call.
Cedar Fair Entertainment Company (NYSE: FUN) reported record preliminary net revenues of
Cedar Fair (NYSE: FUN) has announced the sale of its California's Great America amusement park land to Prologis (NYSE: PLD) for approximately $310 million, retaining a long-term lease for continued operation. This transaction is part of a strategic review aimed at maximizing asset value, allowing Cedar Fair to focus on reducing debt and reinvesting in high-return projects. The company aims to reach a $2 billion debt target and plans to reinstate quarterly unitholder distributions by Q3 2022, pending board approval.
Cedar Fair (NYSE: FUN) reported a 21% increase in year-to-date net revenues, totaling $343 million, through May 30, 2022, compared to the same period in 2019. Factors contributing to this growth include a 28% rise in per capita spending and a 13% increase in out-of-park revenues, despite a reduction in attendance by 210,000 visitors due to fewer operating days. The company is optimistic about future demand, noting stronger sales in season passes and resort bookings. They plan to provide another performance update by July 4, 2022.
Cedar Fair Entertainment Company (NYSE: FUN) announced the reelection of Louis Carr, D. Scott Olivet, and Carlos A. Ruisanchez to its Board of Directors, each serving three-year terms until 2025. The company’s unitholders also confirmed Deloitte & Touche LLP as its independent registered public accounting firm and approved an advisory vote on executive officer compensation. CEO Richard A. Zimmerman acknowledged the board members' insightful contributions that have aided Cedar Fair's recovery since the pandemic.