Grand Prairie, TX - Six Flags Entertainment Corporation (NYSE: SIX), the world’s largest regional theme park company, today announced another period of strong financial performance with revenue for the first six months of 2016 growing $51 million or 11 percent to $522 million, driven primarily by a 7 percent increase in attendance, a 3 percent increase in guest spending per capita and a 104 percent increase in international licensing revenue. On a constant currency1 basis, revenue for the first six months of 2016 grew $57 million or 12 percent. Net Income for the same time period increased $19 million and Adjusted EBITDA2 grew $21 million or 19 percent to $132 million. Diluted earnings per share for the first six months of the year was $0.15 as compared to a loss of $0.05 for the same period in 2015.
“Our 2016 season is off to an excellent start,” said John Duffey, President and CEO. “Our innovative new attractions have received very positive reviews along with the first-ever integration of virtual reality technology into our roller coasters. Our pricing and multi-visit pass initiatives are working well and we are highly encouraged by the positive trends in our business including the 11 percent increase in our Active Pass Base. Combined with our ticket price gains and international expansion opportunities, we are well-positioned for 2016 and we remain laser-focused on our aspirational target of $600 million of Modified EBITDA3 by 2017.”
Attendance for the first six months of 2016 grew 7 percent to 11.2 million guests and guest spending per capita increased 3 percent, with admissions per capita increasing 3 percent and in-park spending per capita increasing 2 percent. On a constant currency basis, year-to-date guest spending per capita increased $1.65 or 4 percent.