Six Flags

Cedar Fair Reports First Quarter 2024 Results

Retrieved on: 
星期四, 五月 9, 2024
Retail, Theme Parks, General Entertainment, Lodging, Destinations, Travel, Teens, Men, Children, Restaurant, Bar, Specialty, Family, Vacation, Entertainment, Food, Beverage, Consumer, Cedar Fair, Corporation, Six Flags, Weather, Carowinds, LP, Depreciation, Hand, Kings Dominion, Partnership, Conference, Tax, Senior, Adjustment, Calendar, GAAP, Note, Video game

Operating days in the first quarter of 2024 totaled 117 compared with 161 operating days in the first quarter of 2023.

Key Points: 
  • Operating days in the first quarter of 2024 totaled 117 compared with 161 operating days in the first quarter of 2023.
  • Operating costs and expenses in the first quarter of 2024 increased $25 million compared with the first quarter last year.
  • Depreciation and amortization expense in the first quarter of 2024 totaled $10 million compared with $14 million in the first quarter of 2023.
  • Results for First Quarter 2024 vs. Three Months Ended April 2, 2023
    As previously noted, the results for the first quarter of 2024 included an additional calendar week as compared with the first quarter of 2023.

Six Flags Reports First Quarter 2024 Performance

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星期四, 五月 9, 2024
Other Entertainment, General Entertainment, Theme Parks, Entertainment, Sale, Six Flags, Central Time, Registration statement, Security (finance), Easter, Form, Cedar Fair, Qiddiya, Register

Total revenue for first quarter 2024 decreased $9 million, or 6%, compared to first quarter 2023.

Key Points: 
  • Total revenue for first quarter 2024 decreased $9 million, or 6%, compared to first quarter 2023.
  • The company had a net loss of $83 million in first quarter 2024, compared to net loss of $70 million in first quarter 2023.
  • Cash operating costs(3) decreased by $1 million, or 1%, in first quarter 2024 versus first quarter 2023.
  • At 7:00 a.m. Central Time today, May 9, 2024, the company will host a conference call to discuss its first quarter 2024 financial performance.

Revolutionizing Thrills: Six Flags Sets New Standards in a Digital Transformation Overhaul to Elevate the Guest Experience

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星期一, 四月 29, 2024
Technology, Theme Parks, General Entertainment, Food, Beverage, Entertainment, Other Technology, Apps, Applications, Retail, Software, Artificial Intelligence, Mobile, Wireless, Table, Six Flags, Ecosystem, POS, Heart, Water, Digital, Synthetic media, NFC, Generative, Telephone numbers in Hungary, Amusement park

AI has been a cornerstone of our strategy, enabling us to introduce groundbreaking enhancements that improve guest experiences and streamline park operations.

Key Points: 
  • AI has been a cornerstone of our strategy, enabling us to introduce groundbreaking enhancements that improve guest experiences and streamline park operations.
  • AI is at the forefront of elevating our customer engagement, pre-visit planning and personalizing the guest experience.
  • Our new website, set to launch this year, will leverage AI to revolutionize the guest experience, including personalization and a new upcoming loyalty program.
  • We are revamping our Point-of-Sale ecosystem with 3,200 new devices and the introduction of 1,000 handheld POS for quicker transactions.

Six Flags Sets Date to Announce First Quarter 2024 Earnings

Retrieved on: 
星期五, 四月 19, 2024
Other Entertainment, General Entertainment, Theme Parks, Entertainment, Six Flags, Central Time

Six Flags Entertainment Corporation (NYSE: SIX) today announced it will release first quarter financial results before the market opens on Thursday, May 9, 2024.

Key Points: 
  • Six Flags Entertainment Corporation (NYSE: SIX) today announced it will release first quarter financial results before the market opens on Thursday, May 9, 2024.
  • An investor conference call will follow beginning at 7:00 a.m. Central Time.
  • The call can be accessed through the Six Flags Investor Relations website, investors.sixflags.com , or by dialing 1-833-629-0614 in the United States or 1-412-317-9257 outside the United States and requesting the Six Flags earnings call.

Six Flags Announces Pricing of $850 Million of 6.625% Senior Secured Notes due 2032

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星期四, 四月 18, 2024
Tourist Attractions, Theme Parks, Other Entertainment, Entertainment, Travel, Sale, Six Flags, SFTP, Plan, Water, Public expenditure, Senior, Cedar Fair, Regulation, Mergers and acquisitions, Person, Surety, Security (finance)

Six Flags anticipates that the closing of the offering of the Notes will take place on or about May 2, 2024, subject to customary closing conditions.

Key Points: 
  • Six Flags anticipates that the closing of the offering of the Notes will take place on or about May 2, 2024, subject to customary closing conditions.
  • Pursuant to the Merger Agreement, Cedar Fair and Six Flags will each merge with and into HoldCo, with HoldCo continuing as the surviving entity.
  • Prior to the consummation of the Mergers, or in the event the Mergers are not consummated, Six Flags and SFTP will be the co-issuers of the Notes.
  • Any offers of the Notes will be made only by means of a private offering memorandum.

Six Flags Announces Private Offering of $850 Million of Senior Secured Notes

Retrieved on: 
星期二, 四月 16, 2024
Other Entertainment, General Entertainment, Theme Parks, Entertainment, Sale, Six Flags, SFTP, Plan, Water, Public expenditure, Senior, Cedar Fair, Regulation, Mergers and acquisitions, Person, Surety, Security (finance)

Pursuant to the Merger Agreement, Cedar Fair and Six Flags will each merge with and into HoldCo, with HoldCo continuing as the surviving entity.

Key Points: 
  • Pursuant to the Merger Agreement, Cedar Fair and Six Flags will each merge with and into HoldCo, with HoldCo continuing as the surviving entity.
  • The Company intends to apply the net proceeds from the Notes offering towards (i) the principal amounts outstanding under its existing term loan facility and revolving credit facility and (ii) a portion of the outstanding 7.000% Senior Secured Notes due July 1, 2025 issued by SFTP.
  • Prior to the consummation of the Mergers, or in the event the Mergers are not consummated, Six Flags and SFTP will be the co-issuers of the Notes.
  • Any offers of the Notes will be made only by means of a private offering memorandum.

Dataminr Unveils ReGenAI, the First Generative AI That Automatically Regenerates in Real Time

Retrieved on: 
星期四, 四月 18, 2024
Six Flags, Danske Bank, FMS, AI, Risk management

NEW YORK, April 18, 2024 /PRNewswire/ -- Today, Dataminr, one of the world's leading AI companies, is launching ReGenAI (Regenerative AI), a new form of generative AI that automatically regenerates textual descriptions as events unfold. Using predictive AI to analyze and synthesize key developments detected in more than one million public data sources, ReGenAI distills multidimensional events into concise event briefs that dynamically update. Customers can gain rapid understanding of an evolving event through a constantly updated, AI-powered live event brief, enabling corporations and governments to determine the impacts on their organization and respond more effectively.

Key Points: 
  • NEW YORK, April 18, 2024 /PRNewswire/ -- Today, Dataminr, one of the world's leading AI companies, is launching ReGenAI (Regenerative AI), a new form of generative AI that automatically regenerates textual descriptions as events unfold.
  • "ReGenAI moves generative AI beyond the 'prompt' paradigm, with automatically regenerating event briefs that dynamically update in real time as an event evolves," said Ted Bailey, Dataminr's Founder and CEO.
  • In recent years, Dataminr deployed generative AI at scale, integrating real-time event descriptions that make public data signals actionable.
  • Most recently, the company created more than 50 Dataminr-unique large language models (LLMs) and foundational models (FMs), turbocharging its predictive AI and generative AI capabilities and enabling Dataminr to pioneer Regenerative AI.

Parks! America Needs Experienced Operators; Lisa Brady, the Current CEO, Isn’t One, states Focused Compounding Fund, L.P. in Open Letter

Retrieved on: 
星期二, 四月 2, 2024
GM, Venn, Letter, Growth, Face, CFO, History, Running, Palace Entertainment, PARC Management, Thought, Compounding, Merchandising, Six Flags, Weather, Language, Marketing, Focused, Management

DALLAS, April 02, 2024 (GLOBE NEWSWIRE) -- Focused Compounding Fund, L.P. (“Focused Compounding”) raises concerns about Parks! America, Inc.’s (OTCPink: PRKA) (“Parks! America” or the “Company”) Chief Executive Officer, Lisa Brady, and her lack of operational skills in an open letter to the Parks! America’s Board of Directors, and advises stockholders that they have a choice on the future direction of the Company at the Company’s annual meeting scheduled for June 6, 2024. Focused Compounding urges stockholders to vote for Focused Compounding’s nominated director candidates. The full text of the letter follows.

Key Points: 
  • America” or the “Company”) Chief Executive Officer, Lisa Brady, and her lack of operational skills in an open letter to the Parks!
  • Why are Focused Compounding (long a passive and supportive stockholder) and this Board fighting such a vicious fight over Parks!
  • Lisa was snuck in the back door as a director (not a manager) long after Focused Compounding bought 17% of the Company.
  • The break between Focused Compounding and the current board began when Dale (an experienced operator) was maneuvered out as CEO and Lisa (a non-operator) was chosen as CEO.

Six Flags Reports Fourth Quarter and Full Year 2023 Performance

Retrieved on: 
星期四, 二月 29, 2024
Entertainment, Other Entertainment, Theme Parks, Vacation, Destinations, Travel, Tourist Attractions, Register, Cedar Fair, Investment, Six Flags, Calendar, Form, Food, Registration statement, Security (finance), Central Time, FrightFest, Insurance, Cryptocurrency

The season pass mix-driven decline in in-park spending per capita was partially offset by higher average pending per visit on food and beverage for full year 2023 versus the prior year and higher average spending per visit on attractions during Fright Fest in fourth quarter 2023 versus the prior year fourth quarter.

Key Points: 
  • The season pass mix-driven decline in in-park spending per capita was partially offset by higher average pending per visit on food and beverage for full year 2023 versus the prior year and higher average spending per visit on attractions during Fright Fest in fourth quarter 2023 versus the prior year fourth quarter.
  • Also, in fourth quarter 2023, the company incurred $15 million in merger-related transaction costs.
  • Deferred revenue was $128 million as of December 31, 2023, a decrease of $1 million, or 1%, from January 1, 2023.
  • At 7:00 a.m. Central Time today, February 29, 2024, the company will host a conference call to discuss its fourth quarter and full year 2023 financial performance.

Cedar Fair Reports Results for 2023

Retrieved on: 
星期四, 二月 15, 2024
Theme Parks, Men, Entertainment, Family, Vacation, Consumer, Destinations, Travel, General Entertainment, Teens, Children, Women, Tourist Attractions, LP, Depreciation, Weather, Investment, Cedar Fair, Marketing, Six Flags, Sale, Food, Conference, Advertising, GAAP, DOJ, Cedar, Tax, Corporation, Insurance, Partnership

Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement parks, water parks and immersive entertainment, today announced its 2023 fourth-quarter and full-year results, ended Dec. 31, 2023.

Key Points: 
  • Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement parks, water parks and immersive entertainment, today announced its 2023 fourth-quarter and full-year results, ended Dec. 31, 2023.
  • “With the return to more normal operating conditions in the back half of 2023, the strength and resiliency of Cedar Fair’s business model was on full display,” said Cedar Fair CEO Richard Zimmerman.
  • Finally, during 2023, Cedar Fair recognized a $6 million net benefit to earnings for foreign currency gains and losses compared with a $24 million net charge to earnings for 2022.
  • Adjusted EBITDA, which management believes is a meaningful measure of the Company’s park-level operating results, totaled $528 million in 2023, compared to Adjusted EBITDA of $552 million for 2022.