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Cedar Fair Entertainment Company (NYSE: FUN) announced its financial results for Q3 2023, reporting net revenues of $842 million, a decrease of $1 million from the same period last year. Net income was $215 million, a decrease of $118 million. Adjusted EBITDA increased by 7% to $388 million. Attendance increased by 1% to 12.4 million guests. In-park per capita spending decreased by 2% to $61.65. The company also announced a cash distribution of $0.30 per limited partner unit.
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End-of-Day
-1.36%
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Cedar Fair and Six Flags Entertainment Corporation have entered into a definitive merger agreement to combine in a merger of equals transaction. The combined company will have an expanded and diversified footprint, a more robust operating model, and a strong revenue and cash flow generation profile. The merger is expected to create approximately $200 million of annual synergies, including $120 million of cost savings within two years. Cedar Fair unitholders will own approximately 51.2% of the combined company, while Six Flags shareholders will own approximately 48.8%. The transaction is expected to close in the first half of 2024.
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-1.36%
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Cedar Fair Entertainment Company to release 2023 Q3 financial results on Nov. 2, 2023
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-0.87%
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Cedar Fair Entertainment Company announces the opening of Cedar Point Esports, a new gaming facility in Ohio, on October 6, 2023. The facility will initially cover an area of over 1,000 square feet and include 32 gaming stations. Cedar Point Esports aims to tap into the growing popularity of esports and gaming entertainment. The company has partnered with North Coast Entertainment to deliver innovative gaming experiences. The facility will focus on organizing leagues, camps, and clinics for aspiring esports athletes and will also host high school and collegiate gaming events. Cedar Point Esports plans to collaborate with regional schools to offer a computer lab and remote learning facility.
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-2.5%
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Cedar Fair Entertainment Company earns three honors in Amusement Today's Golden Ticket Awards
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0.05%
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Dorney Park announces Halloween Haunt and The Great Pumpkin Fest with new attractions and entertainment
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0.05%
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Matthew A. Ouimet steps down from Cedar Fair's board of directors.
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1.87%
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1.9%
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Cedar Fair Entertainment Company has announced exciting plans for the 2024 operating season, including the debut of new roller coasters and attractions at multiple parks. Cedar Point will introduce Top Thrill 2, the world's tallest and fastest triple-launch strata roller coaster. Dorney Park will debut Iron Menace, the Northeast's first-ever dive roller coaster. Kings Island will add Snoopy's Soapbox Racers, a new kids' coaster, as part of the expansion of Camp Snoopy. Canada's Wonderland will introduce Moosehorn Falls, a giant water slide with a zero-gravity wall summit. Schlitterbahn in Texas will add Bow Wow Blaster, the world's first water coaster for kids. There will also be new food and beverage options and seasonal events throughout the year.
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-0.44%
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Rhea-AI Summary
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Rhea-AI Sentiment
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-0.44%
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Cedar Fair, L.P.
NYSE:FUN
FUN Rankings
FUN Stock Data
2.07B
50.04M
1.79%
64.92%
5.92%
Amusement and Theme Parks
Arts, Entertainment, and Recreation
United States of America
SANDUSKY
About FUN
cedar fair is a publicly traded partnership headquartered in sandusky, ohio, and one of the largest regional amusement-resort operators in the world. the partnership owns and operates 11 amusement parks, six outdoor water parks, one indoor water park and five hotels. amusement parks in the company’s northern region include two in ohio: cedar point, consistently voted “best amusement park in the world” in amusement today polls, and kings island; as well as canada’s wonderland, near toronto; dorney park, pa; valleyfair, mn; and michigan’s adventure, mi. in the southern region are kings dominion, va; carowinds, nc; and worlds of fun, mo. western parks in california include: knott’s berry farm; great america; and gilroy gardens family theme park, which is managed under contract.