Six Flags Entertainment Corporation Stock Price, News & Analysis

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.

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.