CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header

Local

Higher Admissions Boost Q2 Revenue For Six Flags

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

dl image Higher Admissions Boost Q2 Revenue For Six FlagsClick To Win A Disney World Vacation

jacks music match up 1982 Higher Admissions Boost Q2 Revenue For Six FlagsPick The Best Song From 1982

grand in your hand11 Higher Admissions Boost Q2 Revenue For Six FlagsWin A Grand In Your Hand

155742164 Higher Admissions Boost Q2 Revenue For Six FlagsPick Your Favorite Victoria Secret Model

Featured Items

Fantasy_tileHottest Olympians

pet_tileYour Pet Photos

weather_tileSend Us Your Weather Photos

GRAND PRAIRIE (AP) - Six Flags Entertainment Corp. on Monday posted a second-quarter profit and a 5 percent revenue increase as more people were admitted to its theme parks and spent more on amenities.

Six Flags reported net income of nearly $35 million, or 62 cents per share, for the three months ended June 30.

The net income figure from the same quarter a year ago — more than $743 million — was not directly comparable because of the company’s emergence from bankruptcy protection in April 2010. The bankruptcy left Six Flags with a new corporate structure that affects the way it reports financial numbers. Six Flags did not report a per-share net income figure for the year-ago period.

Six Flags said its revenue grew 5 percent to $338.7 million from $321.3 million in the year-ago period.

Admissions revenue at the company’s chain of 19 parks in the U.S., Mexico and Canada rose 9 percent to $183.6 million, and in-park revenue rose 4 percent to $140.7 million. That category includes food, merchandise and other items.

Those gains were partly offset by a 26 percent decline in much smaller revenue category: sponsorship, licensing and other fees. That total fell to $10.6 million from $14.3 million in the year-ago period.

Six Flags said the 8.2 million guests at its parks in the latest quarter spent an average $22.28 per person on admissions. In-park spending averaged $17.08, up 4 percent.

The company, based in Grand Prairie, Texas, said its net debt as of June 30 was $829 million, down from $896 million at the end of March.

Its shares rose 23 cents to $35.68 in morning trading.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments