SeaWorld Entertainment Inc

Comcast’s (CMCSA) NBCUniversal segment, which has been generating strong revenue growth in the past, disappointed investors in Q1 2019.

Disney plans to open Star Wars: Galaxy’s Edge in both Disneyland and Disney World by summer 2019.

Disney has been generating substantial revenues from its theme parks, which have remained the driving force of the company’s top line growth.

Comcast’s (CMCSA) NBCUniversal revenue has grown steadily over the past several quarters.

Walt Disney (DIS) exited the tax incentive agreements that its Disneyland Resort arm had inked with its host city of Anaheim, California.

In the fiscal third quarter, Disney’s Parks and Resorts segment reported revenues of $5.2 billion.

In fiscal 2Q18, Disney’s Parks and Resorts segment reported revenues of $4.9 billion.

According to a recent announcement, the Walt Disney Company (DIS) will begin charging its guests for overnight parking.

The Walt Disney Company (DIS) has been investing in its theme parks, which remain the driving force behind the company’s top line growth.

Comcast’s (CMCSA) Theme Parks business was a star performer in 4Q17, with revenue growth accelerating over the previous quarter.

Walt Disney’s (DIS) Theme Parks business posted strong performance results in the three months ending December 2017 (the company’s fiscal 1Q18).

Strong investments driving Parks and Resorts revenue The Walt Disney Company’s (DIS) Parks and Resorts segment, which constitutes ~34% of its overall revenue, remains a potent force for the company’s top-line growth. Domestically and internationally, the Parks and Resorts business continues to generate strong growth, driven by higher average ticket prices and customer spending. The graph […]

Theme park revenue growth Comcast’s (CMCSA) theme park unit is part of its NBCUniversal segment, which reported 7.7% year-over-year growth in revenue in 3Q17. This growth was buoyed by the opening of Minion Park in Japan (EWJ) and Volcano Bay in Orlando. The continued success of Harry Potter in Hollywood has also supported the company’s theme […]

Performance of the Parks & Resorts segment The Walt Disney Company’s (DIS) Parks & Resorts segment remains key to the company’s top-line growth. The domestic Parks & Resorts business, which contributes ~80% of the segment’s total revenue, grew nearly 12% YoY (year-over-year) in 4Q17. In the last five quarters, the domestic segment has grown at […]

Performance in 4Q17 Hurricane Irma was 2017’s second blow to The Walt Disney Company’s (DIS) domestic Parks & Resorts business in Florida. Irma forced the park to close for two days, and the company called off three cruise itineraries and reduced two others. The graph above shows Parks & Resorts revenue over the last five quarters. The segment […]

Disney’s (DIS) lucrative Parks and Resort segment continues to dominate the top-line growth of the company driven by the growing popularity of its international presence.

In fiscal 3Q17 (June quarter), Disney’s parks and resorts business brought in revenues of $4.9 billion, implying a 12% YoY (year-over-year) rise.

Disney wants to spread the success of Tron to Walt Disney World Resort as it seeks to boost business at one its key theme park locations.

Walt Disney (DIS) made a $5.5 billion bet on a Mainland China (MCHI)(FXI) theme park—its largest foreign investment.

The market does not yet appreciate the safety of modern rollercoasters or the defensive characteristics of the relatively small and underfollowed amusement park industry.

The US leveraged loans market saw an allocation of $5.5 billion worth of senior loans across 12 transactions in the week leading to March 27.

Cedar Fair’s revenue increased by 15.6% year-over-year to $160.8 million in the fourth quarter of 2014.

Six Flags’ per capita guest spending increased $2.79, or 7%, to $42.97 in 2014, primarily due to improved admissions pricing and new offerings in the parks.

A season pass or membership guest contributes higher aggregate profitability to Six Flags (SIX) over the course of a year than a single-day ticket guest.

Six Flags’ (SIX) admissions revenue per capita increased by 9% in 2014, primarily driven by pricing improvements on multi- and single-use ticket offerings.

Six Flags has $1.2 billion in revenue and 18 parks across North America. It operates 16 parks in the United States, one in Mexico City, and one in Montreal.

Institutional shareholders hold ~86% of Six Flags Entertainment (SIX). The top 20 hedge funds own ~25% of Six Flags.

Six Flags’ fall in liquidity ratios is mainly due to the ~$460 million fall in cash and cash equivalents because of share repurchases and dividend payments.

As of January 15, 2015, Six Flags’ ROIC and WACC stood at 9.2% and 5.9%, respectively. This shows that Six Flags is employing its debt capital effectively.

Industry debt-to-equity ratio is about 5.5. Six Flags’ debt-to-equity ratio of 4.0 shows the company aggressively finances operations with debt capital.

On April 10, 2014, Six Flags announced that it’s expanding beyond America with a Six Flags–branded theme park at Dubai in the United Arab Emirates.

A fundamental goal of Six Flags is returning capital to its shareholders. It has paid quarterly cash dividends since the fourth quarter of 2010.

Six Flags Entertainment’s (SIX) operating cash flows are largely driven by attendance and per capita spending levels.

Six Flags derived 55% of its revenues from theme park admissions for the last 12 months ended September 30, 2014.

Six Flags Entertainment Corp. (SIX) is the world’s largest regional theme park company with $1.1 billion in revenue and 18 parks across North America.

Iridian lowered its position in Avis Budget Group, Inc. (CAR), which now accounts for 2.46% of the fund’s third-quarter portfolio.

Iridian exited its position in Philips 66 (PSX), which accounts for 3.20% of the fund’s third quarter portfolio.

Iridian sold its position in Tyco International Ltd. (TYC), which accounts for 1.90% of the fund’s second quarter portfolio.

Covidien plc (COV) is a 1.02% position in Iridian’s portfolio and develops, manufactures, and sells a diverse range of industry-leading medical device and supply products.

As of September 30, 2013, Iridian’s assets under management totaled $10.1 billion in U.S. mid-cap and small-cap equity strategies.