Sam Boughedda

Six Flags Entertainment (NYSE) – Investing.com announced its first-quarter results before the open Thursday, with the amusement park company reporting a smaller-than-expected loss after attendance increased. 

Analysts’ predictions of $120.57million were exceeded by $138.11 million. Due to higher spending per capita and attendance, the quarter’s revenue grew 68% over its previous-year quarter. Spending per capita increased 34%, while attendance rose 25% to $75.46million.

The company also reported a smaller-than-expected loss per share of $0.76 compared to analysts’ estimates of $1.02.

Six Flags also saw an increase in operational days this quarter as compared with the previous quarter. This was due to pandemic closures.

Selim Bassoul, Six Flags CEO and President said that the company has reoriented its culture to place guests first in all it does. This will result in significant long-term earnings growth. 

Bassoul said that Six Flags improved the guest experience by increasing ride uptime and improving overall park appearance.

Six Flags stock shares fell 3% on Thursday, despite rising initially.