Six Flags posts record revenue growth, but profit slips on stock compensation

Posted Wednesday, October 22, 2014 8:53 AM | Contributed by Jeff

Grand Prairie-based Six Flags Entertainment Corp. reported record revenue growth in the third quarter Tuesday, but the world’s largest regional theme park company saw profits fall 12.7 percent. Six Flags reported net income of $105 million, or $1.08 a share, compared with $120.4 million, or $1.22 a share, in the year-ago quarter. Profit was hurt by higher operating costs, including a $78 million expense in stock-based compensation, or stock options used to reward executives, which was up from $7 million in the third quarter of 2013.

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