In Q1 of fiscal 2024, the quarter ended Mar 31, 2024, Six Flags Entertainment Corp/OLD reported revenue of $133.3 million, down 6.3% from the same quarter a year earlier. It recorded a net loss of $82.7 million. The operating loss came to $65.2 million, an operating margin of -48.9%. Diluted earnings per share were -$0.98.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the same quarter a year earlier.
| Line |
TTM
Mar 31, 2024
|
Q1 FY2024
Mar 31, 2024
|
Q4 FY2023
Dec 31, 2023
|
Q3 FY2023
Oct 1, 2023
|
Q2 FY2023
Jul 2, 2023
|
Q1 FY2023
Apr 2, 2023
|
Q4 FY2022
Jan 1, 2023
|
Q3 FY2022
Oct 2, 2022
|
Q2 FY2022
Jul 3, 2022
|
|---|---|---|---|---|---|---|---|---|---|
| Revenue |
1,417
+4.0%
|
133
-6.3%
|
293
+4.5%
|
547
+8.4%
|
444
+1.9%
|
142
+3.0%
|
280
-11.7%
|
505
-20.9%
|
435
-5.3%
|
| Selling, general and administrative |
246
+41.1%
|
43
-3.9%
|
55
+61.5%
|
58
+43.2%
|
90
+69.1%
|
44
+12.7%
|
34
-45.3%
|
40
-37.1%
|
53
+6.6%
|
| Operating income |
277
|
-65
-24.8%
|
19
|
210
|
113
|
-52
|
—
|
—
|
—
|
| Pretax income |
91
-52.4%
|
-106
-20.8%
|
-33
-355.0%
|
171
-2.0%
|
58
-37.1%
|
-88
-3.5%
|
13
+700.9%
|
174
-22.3%
|
92
-23.4%
|
| Income tax |
17
-64.9%
|
-23
-30.1%
|
-10
-478.7%
|
37
-5.4%
|
14
-44.1%
|
-18
+6.6%
|
3
-52.5%
|
39
-16.9%
|
25
-15.5%
|
| Net income |
26
-73.1%
|
-83
-18.4%
|
-22
-321.7%
|
111
-2.5%
|
21
-54.7%
|
-70
-6.4%
|
10
+346.9%
|
114
-27.8%
|
45
-35.6%
|
| Basic EPS |
0.31
-66.3%
|
-0.98
-16.7%
|
-0.27
-320.7%
|
1.33
-2.9%
|
0.25
-52.8%
|
-0.84
-10.5%
|
0.12
+355.3%
|
1.37
-25.1%
|
0.53
-35.4%
|
| Diluted EPS |
0.31
-66.4%
|
-0.98
-16.7%
|
-0.26
-320.3%
|
1.32
-3.6%
|
0.25
-52.8%
|
-0.84
-10.5%
|
0.12
+350.8%
|
1.37
-23.9%
|
0.53
-34.6%
|
| Weighted average shares, basic |
84
-20.3%
|
84
+1.2%
|
84
+0.4%
|
84
+0.5%
|
83
-1.9%
|
83
+96431.2%
|
83
-3.3%
|
83
-3.3%
|
85
-0.8%
|
| Weighted average shares, diluted |
84
-20.1%
|
84
+1.2%
|
85
+0.6%
|
84
+0.8%
|
84
-1.7%
|
83
+96431.2%
|
84
-1.6%
|
83
-4.8%
|
85
-1.7%
|
| Other measures | |||||||||
| Depreciation and amortization |
115
-1.5%
|
30
+1.3%
|
29
-4.1%
|
28
-7.4%
|
29
+5.0%
|
29
+0.2%
|
30
+2.9%
|
30
+7.6%
|
28
-1.8%
|
| EBITDA |
393
|
-36
-54.4%
|
48
|
238
|
142
|
-23
|
—
|
—
|
—
|
| Interest coverage |
—
|
—
|
0.46x
|
5.50x
|
2.61x
|
-1.44x
|
—
|
—
|
—
|
| Margins | |||||||||
| Operating margin |
19.57%
|
-48.91%
|
6.38%
|
38.44%
|
25.54%
|
-36.74%
|
—
|
—
|
—
|
| Pretax margin |
6.39%
|
-79.49%
|
-11.16%
|
31.24%
|
13.10%
|
-61.69%
|
4.58%
|
34.56%
|
21.23%
|
| Profit margin |
1.84%
|
-62.06%
|
-7.66%
|
20.22%
|
4.63%
|
-49.13%
|
3.61%
|
22.48%
|
10.42%
|
| EBITDA margin |
27.72%
|
-26.78%
|
16.34%
|
43.55%
|
32.06%
|
-16.26%
|
—
|
—
|
—
|
| Effective tax rate |
18.68%
|
—
|
—
|
21.38%
|
23.75%
|
—
|
21.11%
|
22.15%
|
26.74%
|
How these figures are calculated
Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Services-Miscellaneous Amusement & Recreation (SIC 7990)
- Fiscal year ends
- December 29
- Headquarters
- Arlington, TX
- SEC filer status
- Large accelerated filer
- SEC CIK
- 701374
- Former names
- Six Flags Entertainment Corp (until Jun 26, 2024); SIX FLAGS, INC. (until May 11, 2010); SIX FLAGS INC (until Mar 16, 2007); PREMIER PARKS INC (until Mar 10, 2000); TIERCO GROUP INC/DE/ (until Feb 2, 1994)
Other Services-Miscellaneous Amusement & Recreation companies
- Walt Disney Co DIS
- DraftKings Inc. DKNG
- MSG Knickerbockers Corp. MSGK
- Super Group (SGHC) Ltd SGHC
- Vail Resorts Inc MTN
- Madison Square Garden Entertainment Corp. MSGE
- Rush Street Interactive, Inc. RSI
- StubHub Holdings, Inc. STUB
All 34 Services-Miscellaneous Amusement & Recreation companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.