Cedar Fair reports Q4 revenue $365.99M, consensus $345.76M

Attendance totaled 5.3M guests in Q4. In-park per capita spending was $63.33. "I am extremely proud of the Cedar Fair team’s execution in 2022, which resulted in record annual performance, strong returns for investors, and millions of delighted guests at our parks," said Cedar Fair President and CEO Richard Zimmerman. "We achieved the highest levels of revenues, net income and Adjusted EBITDA(1) in Cedar Fair’s history, and returned approximately $220 million of capital to unitholders in 2022, through the reinstatement of our quarterly cash distributions and the implementation of a new unit buyback program. At the same time, we strengthened the Company’s balance sheet by repaying $264 million of debt during the year and reducing year-end total net leverage(2) to 4.0x Adjusted EBITDA, back in line with pre-pandemic levels. Cedar Fair’s performance in 2022 validates our long-term growth strategies, and the importance of our guest-centric investments and commitment to delivering the most exciting and engaging experiences in the industry."