Advan Notable Hits: Six Flags Entertainment Corporation (SIX) & SeaWorld Entertainment, Inc. (SEAS)

February 25, 2022 By Valantis Aristeidous Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit: (SIX:NYSE) On Thursday February 24, 2022 Six Flags Entertainment Corporation (SIX) posted better-than-expected revenues of $316.81mm surpassing the consensus estimate of $268.22mm or by +18.1% and in the same direction as Advan's forecasted sales. The revenue was up 192% YoY and +21% Yo2Y - Advan's foot traffic data captured an increase in foot traffic of +136% YoY (returned to 2019 levels) at its amusement parks for Q4 2021. Advan's footfall data has a correlation of 1 on a YoY basis with SIX's top-line revenue over the last 12 quarters.

Advan Hits: SIX correlation traffic vs revenue

Notable Hit: (SEAS:NYSE) On Thursday February 24, 2022 SeaWorld Entertainment, Inc. (SEAS) posted better-than-expected revenues of $370.82mm surpassing the consensus estimate of $342.19 or by +8.4% and in the same direction as Advan's forecasted sales. The revenue was up 141% YoY and up 24% Yo2Y - Advan's foot traffic data captured an increase in foot traffic of +103% YoY and +5% Yo2Y at its theme parks for Q4 2021. Advan's footfall data has a correlation of 1 on a YoY basis with SEAS's top-line revenue over the last 12 quarters.

Advan Hits: SEAS correlation traffic vs revenue

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About Advan

Advan is the leader in the financial and real estate industries, enabling participants to analyze foot traffic data across multiple sectors, including retail, hospitality, consumer services, energy, technology, healthcare, REITS, financials and others. Advan derives its datasets using multi parameter models that analyze cellphone location data crossed with curated geofenced areas.

Top tier institutional investors spanning from quantitative hedge funds to fundamental asset managers have been the main consumers of Advan’s products.