How much did Six Flags payout for the class action lawsuit?

How much did Six Flags payout for the class action lawsuit? Theme park operator Six Flags has agreed to pay $36 million to settle a class-action lawsuit over its acquisition of the fingerprint data of visitors to its theme parks.

Why was Six Flags sued?

The shareholder case alleges that Six Flags misled investors in 2018 and 2019 about the company's progress on an ambitious plan to expand its international footprint with the construction of as many as 20 new theme parks in China. By early 2020, the plan was in tatters.

Why is Six Flags losing money?

But, these numbers are all positive, so why is Six Flags losing money? It's because attendance is dropping faster than revenue is rising. In 2021, Six Flags' total attendance was 27.7 million, but that fell by 26% to 20.4 million. Sure, guests are starting to spend more, but it's not enough to make up for the decline.

Is Six Flags making money?

Six Flags's revenue is $1.4 billion. Zippia's data science team found the following key financial metrics about Six Flags after extensive research and analysis. Six Flags annual revenue for 2022 was 1.4B, -9.26% growth from 2021. Six Flags annual revenue for 2021 was 1.5B, 319.8% growth from 2020.

How much money does Six Flags make a day?

Six Flags makes $3.7M in a day. In a single month, Six Flags normally makes close to $113.2M in revenue.

How much has Six Flags revenue falls dragged by low attendance?

Six Flags has reported a 21 percent decline in revenue driven by lower attendance in its financial results for the third quarter of 2022. Revenue for Q3 2022 decreased by $133 million (21 percent) compared to the same period in 2021. This was due to lower attendance but offset by higher per capita spending.

How to get banned from 6 flags?

How much money did Six Flags lose?

The company had a net loss of $70 million in first quarter 2023, compared to a net loss of $66 million in first quarter 2022. The loss per share was $0.84 compared to a loss per share of $0.76 in first quarter 2022, driven by higher operating costs partially offset by an increase in revenue.

How many 6 Flags deaths have there been?

Since the first Six Flags park opened in 1961, there have been sixty-one deaths at amusement and water parks that were or are currently owned by the franchise.

Why is Six Flags declining?

Total revenue for the full year decreased by $139m compared to 2021. Again, this was due to lower attendance, driven by higher prices, the removal of free tickets, and fewer discounts. Six Flags had a net income of $109m in 2022, compared to $130m in the prior year.

Has anyone ever sued Six Flags?

Stacy Rosenbach, the lead plaintiff in the case against Six Flags, sued the Gurnee amusement park in 2016 on behalf of her son, Alexander, who provided his fingerprint to gain entry, without first giving his consent. The case eventually reached the Illinois Supreme Court.

How much debt is Six Flags in?

Balance Sheet and Capital Allocation As of January 1, 2023, the company had total reported debt of $2,381 million , and cash or cash equivalents of $80 million .

What happened to the Joker at Six Flags?

JACKSON - A child was hospitalized after being injured on The Joker rollercoaster at Six Flags Great Adventure on Wednesday, prompting the ride to be shut down overnight, spokeswoman Kristin Fitzgerald said. Six Flags would not comment on the cause of the injury or the child's condition.