Six Flags Entertainment Corporation (SIX) saw its loss widen to $57.55 million, or $0.63 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $46.94 million, or $0.51 a share.

Revenue during the quarter dropped 13.77 percent to $99.53 million from $115.42 million in the previous year period. Gross margin for the quarter expanded 117 basis points over the previous year period to 92.38 percent. Operating margin for the quarter stood at negative 48.63 percent as compared to a negative 21.89 percent for the previous year period.

Adjusted EBITDA for the quarter stood at negative $35.08 million compared to negative $23.06 million in the prior year second quarter. At the same time, adjusted EBITDA margin stood at negative 35.25 percent for the quarter compared to negative 19.98 percent in the last year period.

"Our 2017 season is off to an excellent start with solid attendance growth through this past weekend," said John Duffey, President and CEO. "With a 17 percent increase in our Active Pass Base at the end of the quarter, a new water park opening in Mexico and the best line-up of new rides and attractions in the company’s history, we are very well-positioned for 2017 to be another record season. We remain confident in our ability to achieve Project 600 in 2017 and continue to drive toward our long-term aspirational goal of $750 million of Modified EBITDA1 by 2020."