Six Flags Q4/2024 Results

[disco2000]

Some interesting info.

Didn't they claim initially that the merger would result in $200M in savings synergies...

"We successfully achieved more than $50 million in gross cost synergies and drove meaningful improvement in guest satisfaction scores and higher guest demand.... We are making progress toward realizing the remaining $70 million in anticipated cost synergies from the merger, representing a targeted 4% reduction in operating costs and expenses, while advancing strategic initiatives to drive attendance and guest spending levels higher."

Q4 saw a 4.9 million-visit increase in attendance included a 5.0-million-visit increase resulting from attendance at the legacy Six Flags parks during the fourth quarter of 2024, offset slightly by 115,000 fewer visits at the legacy Cedar Fair parks. The decrease in fourth quarter attendance at the legacy Cedar Fair parks was entirely due to the fiscal calendar shift and fewer operating days in the quarter, which resulted in 576,000 fewer visits in the 2024 fourth quarter.

We have completed our initial review having identified properties that are less strategic and critical to our long term growth objectives, properties that we would consider divesting under the right circumstances. These include some of the smaller noncore parks as well as excess undeveloped land that isn't critical to future expansion plans. As an example, we are currently in the process of marketing undeveloped land adjacent to our park in Richmond, Virginia.

 

https://www.businesswire.com/news/home/20250227928301/en/Six-Flags-Entertainment-Corporation-Reports-2024-Fourth-Quarter-Results-Provides-Adjusted-EBITDA-Guidance-for-2025#:~:text=Fourth Quarter 2024 Highlights&text=The net loss attributable to,income margin was negative 38.4%.

[BeeastFarmer]

54 minutes ago, disco2000 said:

Some interesting info.

Didn't they claim initially that the merger would result in $200M in savings synergies...

"We successfully achieved more than $50 million in gross cost synergies and drove meaningful improvement in guest satisfaction scores and higher guest demand.... We are making progress toward realizing the remaining $70 million in anticipated cost synergies from the merger, representing a targeted 4% reduction in operating costs and expenses, while advancing strategic initiatives to drive attendance and guest spending levels higher."

Q4 saw a 4.9 million-visit increase in attendance included a 5.0-million-visit increase resulting from attendance at the legacy Six Flags parks during the fourth quarter of 2024, offset slightly by 115,000 fewer visits at the legacy Cedar Fair parks. The decrease in fourth quarter attendance at the legacy Cedar Fair parks was entirely due to the fiscal calendar shift and fewer operating days in the quarter, which resulted in 576,000 fewer visits in the 2024 fourth quarter.

We have completed our initial review having identified properties that are less strategic and critical to our long term growth objectives, properties that we would consider divesting under the right circumstances. These include some of the smaller noncore parks as well as excess undeveloped land that isn't critical to future expansion plans. As an example, we are currently in the process of marketing undeveloped land adjacent to our park in Richmond, Virginia.

 

https://www.businesswire.com/news/home/20250227928301/en/Six-Flags-Entertainment-Corporation-Reports-2024-Fourth-Quarter-Results-Provides-Adjusted-EBITDA-Guidance-for-2025#:~:text=Fourth Quarter 2024 Highlights&text=The net loss attributable to,income margin was negative 38.4%.

[MysticTimberwolf]

Executives always thrive. The hardworking employees remain increasingly crushed, hopeless.

[disco2000]

28 minutes ago, MysticTimberwolf said:

Executives always thrive. The hardworking employees remain increasingly crushed, hopeless.