Six Flags ( SIX ) stock up in Pre Market Trading

This morning Six Flags ( SIX ) has released earnings which appear to be better then expected. SIX is soaring up 26% to $1.41 in pre market action

Second Quarter Adjusted EBITDA Increases 52% to $87.6 million
- Six Month Revenues Up 5%; Operating Costs and Expenses down 5%
- Six Month Adjusted EBITDA Improves by $45.4 million

Total revenues of $345.7 million increased 1% over the prior-year quarter, while total attendance declined 3% to 8.6 million, reflecting the timing of Easter, which was in the first quarter of 2008 versus the second quarter of 2007. On a year-to-date basis, attendance through June 30, 2008 was unchanged at 10.1 million.

Revenue growth for the second quarter reflected growth in sponsorship, licensing and other fees, which increased $5.2 million over the prior-year period to $14.5 million. This growth, combined with the increased guest spending, resulted in a 3% increase in total revenue per capita to $40.02 in the current quarter from $38.72 in the second quarter of 2007.

Increases in per capita guest spending, which grew $0.67 to $38.34, a 2% increase over the per capita guest spending of $37.67 for the second quarter of 2007, reflected higher food and beverage, rentals, admissions, parking and retail revenues.