Six Flags Entertainment Q1 Net Loss Widens, Revenue Rises

MT Newswires Live05-07

Six Flags Entertainment (FUN) reported a Q1 net loss Thursday of $268.6 million, compared with a loss of $219.7 million a year earlier.

Analysts surveyed by FactSet expected a loss of $293.7 million.

Revenue for the quarter ended March 29 was $225.6 million, up from $202.1 million a year earlier.

Analysts surveyed by FactSet expected $207.5 million.

Six Flags Entertainment also announced several leadership changes, including new marketing and legal appointments.

The company said Amy Martin Ziegenfuss will join as chief marketing officer on June 3, replacing Christian Dieckmann, who exited on May 2. Christopher Bennett will join as chief legal and compliance officer on the same day, succeeding Brian Nurse, who will leave on May 8.

Six Flags also said CFO Brian Witherow will step down effective May 8. Chief Accounting Officer Dave Hoffman will serve as interim finance lead while the company searches for a permanent replacement.

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