Six Flags Entertainment Corp posted a wider-than-expected loss in the fourth quarter, as the world’s largest regional theme park company's revenues plunged 58% year-over-year on restrictions due to the pandemic. Shares surged 4.6% to close at $45.50 on Feb. 24. Six Flags (SIX) incurred a loss of $1.00 per share in 4Q, compared to the $0.89 loss per share estimated by analysts. Total sales generated in the quarter amounted to $109 million, topping analysts’ expectations of $86.59 million. The total attendance in 4Q was 2.2 million guests, down 65.5% year-over-year. The company’s adjusted EBITDA was a loss of $39 million, compared to income of $72 million in the prior-year period.
https://www.tipranks.com/news/six-flags-reports-worse-than-feared-quarterly-loss-on-weak-attendance