Posted Thursday, February 19, 2015 9:45 AM | Contributed by Jeff
Six Flags Entertainment Group, the nation’s largest operator of regional theme parks, said it lost $34.1 million in the fourth quarter as compensation increased for its executives. However, Six Flags said adjusted EBITDA totaled a record $439 million last year, a 9 percent increase over 2013. Revenue grew partly because of a 7 percent increase in admissions revenue and a 3 percent increase in sales inside the parks.
Read more from The Star-Telegram.
Naturally, the press release from SF does not start off with the fact that profitability was down so they could pay out an 821% increase in stock compensation for executives.
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