February 16, 20233 yr Full year revenue up 23% compared to pre-covid 2019 and 4th Quarter up 42% compared to pre-covid 2019 4th quarter. All the while attendance was down 4% compared to pre-covid 2019, thus proving you don't have to give away the gate and can still produce record revenue... Sold a record 3.2 million season passes in 2022. https://www.cedarfair.com/blog/2022/cedar-fair-reports-record-results-for-2022-fourth-quarter-and-full-year?fbclid=IwAR0cDnU62DvgYDzRcRr_GutzZU_gLEZSRVVc80_nvk8IcM8jxho_2xBmU2E
February 17, 20233 yr All in all, those seemed to be pretty solid numbers. I wonder how much of an impact there will be once California`s Great America is not contributing revenue. To be fair, they did get a fairly nice amount of money for selling the land, which helped them to reduce their debt load, while also purchasing units, which saves them some money when they pay out their cash distribution. I wonder what ways they will try to expand their out of park revenue. We saw them purchase and renovate the Saw Mill Creek resort, and the Sports Force Park in Sandusky, and the under construction E-Sports arena.
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