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Six Flags Entertainment (NYSE:SIX) has announced a collaboration with Google Cloud to enhance the experience of visitors to its amusement parks and optimize its business operations. The regional theme park and water park operator said it will use Google Cloud's Vertex AI (artificial intelligence) Conversation and other services to accelerate digital transformation at its operations, including the introduction of a cutting-edge virtual assistant powered by generative AI (gen AI).
“We don't expect to make up our weather related losses.”
Quint Tatro, Joule Financial founder, joins ‘Power Lunch' to discuss three stocks: Disney, Alibaba and Six Flags.
Recent earning calls from two of the US's premier theme park chains show hint at a growing sense of apathy within America's world-class rollercoaster circuit. Six Flags reported second-quarter revenues of US$444 million, up 2% from US$435 million in the same period in 2022, but down 3.5% from 2021 numbers.
Six Flags (SIX) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.69 per share a year ago.
Six Flags Entertainment Corp.'s stock SIX, -1.21% slid 5% premarket Thursday, after the theme park operator posted weaker-than-expected second-quarter earnings and revenue that fell short of estimates. The Arlington, Texas-based company had net income of $21 million, or 25 cents a share, for the quarter to July 2, down from $45 million, or 53 cents a share, in the year-earlier period.
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Ian Zaffino, managing director and senior analyst at Oppenheimer, joins 'Power Lunch' to discuss theme parks shutting down over smoke risks, concerns about smoky conditions persisting into the summer, and how theme parks manage weather disasters.
After a steep drop in attendance, the theme-park operator is trying to upgrade its brand; the wafting aroma of barbecue.
Six Flags Magic Mountain visitors will soon have one less line to wait in and more time to spend riding roller coasters when a new Amazon-powered grab-and-go cashierless shop opens at the Valencia amusement park.