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Six Flags marks record revenues in latest earnings report

By Tom Anstey    24 Jul 2015
In this most recent quarter, nearly nine million people visited one of Six Flags’ theme parks, a 9 per cent increase compared to the same period in 2014

Six Flags enjoyed a successful second quarter in 2015, marking record financial performances for the three months ending in June.

The theme park operator recorded a net income of US$84.6m (€77m, £54.5m) in Q2, with revenues rising 3 per cent to US$386m (€350.7m, £248m).

Over the first six months of the financial year, Six Flags has seen revenues increase to US$471m (€429m, £303.3m), representing 5 per cent growth over that time period.

In this most recent quarter, nearly nine million people visited one of Six Flags’ theme parks, a 9 per cent increase compared to the same period in 2014.

In response to the results, Six Flags president and CEO, Jim Reid-Anderson, said the park was “highly encouraged by the trends, with strong momentum across all Six Flags parks.”

Andersen also attributed the boost in part to US$70m (€64m, £45m) worth of capital improvements at its parks and to increased visitation by season pass holders, which were “working well” and offered “highly encouraging trends in our business.”

On a per-share basis, the Texas-based company recorded profits of 67 cents, surpassing stock market expectations and increasing slightly more than 7 per cent since the beginning of the year, with stock rising 12 per cent over the last 12 months.

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