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FOR IMMEDIATE RELEASE https://ir.cedarfair.com Cedar Fair . Entertainment Company NEWS RELEASE Exhibit 99.1 Investor Contact : Michael Russell , 419.627.2233 Media Contact : Gary Rhodes , 704.249.6119 CEDAR FAIR REPORTS RECORD NET REVENUES FOR ITS 2021 THIRD QUARTER • Demand remains strong through October Halloween events • Record in - park per capita spending driven by sustained guest spending levels • . Record pace set for early sales of 2022 season passes and related all - season products With strong results , positive momentum and bright outlook , Cedar Fair expects to pay down debt in the near future and resume quarterly cash distributions longer - term SANDUSKY , Ohio ( Nov. 3 , 2021 ) -- Cedar Fair Entertainment Company ( NYSE : FUN ) , a leader in regional amusement parks , water parks and immersive entertainment , today announced results for its third quarter ended Sept. 26 , 2021 , and more recent performance trends through Oct. 31 , 2021 . Highlights ( Note : To offer more informative comparisons , highlights for 2021 below are compared to their respective periods in 2019 . During the 2021 third quarter , the parks had 988 operating days compared to 1,035 operating days in the 2019 third quarter . ) • • • • Net revenues for the third quarter ended Sept. 26 , 2021 , totaled a record $ 753 million , up 5 % from the third quarter of 2019 , driven by : ° ° о Attendance that approximated 82 % of 2019 third - quarter levels ; Record in - park per capita spending of $ 64.26 , representing a 29 % increase over 2019 third quarter spending levels , with double - digit increases across all key revenue categories ; and A 9 % , or $ 7 million , increase in out - of - park revenues versus the comparable period in 2019 . Net income and Adjusted EBITDA ( 1 ) for the 2021 third quarter totaled $ 148 million and $ 333 million , respectively , compared with $ 190 million and $ 355 million , respectively , for the 2019 third quarter . For the five - week period ended Oct. 31 , 2021 , net revenues totaled approximately $ 219 million , an increase of $ 65 million , or 42 % , from the comparable period in 2019 . Early sales of 2022 season passes and all - season products are pacing ahead of the then - record pace set in the Fall of 2019 for the sale of 2020 season pass products . ( 1 ) For additional information regarding Adjusted EBITDA , including how the Company defines and uses Adjusted EBITDA , see the attached reconciliation table and related footnotes . Cedar Fair Entertainment Company - One Cedar Point Drive , Sandusky , Ohio 44870 419.627.2233