(RTTNews) - Six Flags Entertainment Corp. (FUN) announced Loss for its fourth quarter that increased from the same period last year and missed the Street estimates.
The company's bottom line totaled -$264 million, or -$2.76 per share. This compares with -$10 million, or -$0.20 per share, last year.
Analysts on average had expected the company to earn $0.4 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 85.2% to $687 million from $371 million last year.
Six Flags Entertainment Corp. earnings at a glance (GAAP) :
-Earnings: -$264 Mln. vs. -$10 Mln. last year. -EPS: -$2.76 vs. -$0.20 last year. -Revenue: $687 Mln vs. $371 Mln last year.
Looking ahead, Richard A. Zimmerman, CEO of Six Flags, said: “In 2025, we are building on the momentum we established over the second half of 2024 on both the revenue and cost fronts. 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. We are seeing solid early demand trends, as evidenced by a 2% increase in attendance over the first two fiscal months of 2025 compared to combined attendance of the two legacy companies in the prior year period, as well as a 3% increase in combined season pass unit sales over that same period."
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