Six Flags Entertainment Corporation (SIX) Q3 2021 Earnings Call Transcript
SIX earnings call for the period ending October 3, 2021.
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SIX earnings call for the period ending October 3, 2021.
Six Flags theme parks welcomed 12 million visitors in the three months ending October 3, a decrease of two million visitors from the comparable period before the pandemic, the company reported this morning.
Operator Good morning, ladies and gentlemen. Welcome to the Six Flags Second Quarter 2021 Earnings Conference Call. My name is Catherine, and I will be your operator for today's call. [Operator Instructions] After the speakers' remarks, we will conduct a question-and-answer session. [Operator Instructions] Thank you. I will now turn the call over to Steve Purtell, Senior Vice President, Investor Relations. Stephen Purtell -- Senior Vice-President, Investor Relations and Treasurer Good morning, and welcome to our second quarter 2021 call. With me are Mike Spanos, President and CEO of Six Flag...
% In fourth quarter 2020, the company generated $109 million of revenue with attendance of 2.2 million guests, a net loss of $86 million, and an Adjusted EBITDA loss of $39 million. The net loss and Adjusted EBITDA loss include an increase in reserves of approximately $19 million. The total amount recorded reflects management’s estimate of the probable outcome of a legacy class action lawsuit. The Adjusted EBITDA calculation reflects an add-back adjustment of approximately $5 million of non-recurring costs related to the transformation plan, including $3 million of employee termination cost...
Operator Good morning, ladies and gentlemen, welcome to the Six Flags Q4 and Full Year 2020 Earnings Conference Call. My name is Catherine and I'll be your operator for today's call. [Operator Instructions] I will now turn the call over to Steve Purtell, Senior Vice President, Investor Relations. Stephen R. Purtell -- Senior Vice President, Investor Relations, Treasury and Strategy Good morning and welcome to our fourth quarter and full-year 2020 call. With me are Mike Spanos, President and CEO of Six Flags and Sandeep Reddy, our Chief Financial Officer. We will begin the call with prepared ...