Six Flags Entertainment (SIX) Tops Q4 Revenue Estimates

Six Flags Entertainment (NYSE: SIX) reported Q4 EPS of $, versus $0.12 reported last year. Revenue for the quarter came in at $257 million versus the consensus estimate of $252.79 million.

“I am very proud that we have achieved our eighth consecutive year of record performance in the face of unprecedented natural events,” said Jim Reid-Anderson, Chairman, President and CEO. “With our growing Active Pass Base, ongoing price increases, higher penetration of culinary programs, and new international licensing agreements and waterparks, we are very well-positioned to deliver another record year in 2018. We are laser-focused on overachieving $600 million of Modified EBITDA in 2018 and continue to work toward our long-term aspirational goal of $750 million of Modified EBITDA by 2020.”

Fourth quarter 2017 revenue grew $17 million or 7 percent over the fourth quarter of 2016 to a new record of $257 million. The strong revenue growth was primarily driven by a $9 million increase in international licensing revenue and a 7 percent increase in guest spending per capita. Net income for the fourth quarter of 2017 was $98 million, and Adjusted EBITDA of $87 million represented an increase of $12 million or 16 percent over the fourth quarter of 2016.

For earnings history and earnings-related data on Six Flags Entertainment (SIX) click here.

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