FUN
Six Flags Entertainment Corporation14.77
+0.12+0.82%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Execution details, CapEx outlook shared
Q&A offered incremental details on execution fixes, like buying versus renting equipment to save thousands annually at parks such as Magic Mountain and Knott's, while delivering all merger synergies and hunting more amid 27% margins. New regional passes, launched weeks ago, show early cross-visitation and pricing uplift, affirming no consumer weakness. Management shared 2026 color--operating days up ~1%, CapEx $400-425M, interest $135-145M--but skipped formal guidance as too early. Issues proved park-by-park, not systemic; Mexico gets 20+ extra days. Deleveraging trumps growth CapEx until under 4x. Confident tone on margins; investors eye efficiency rollout.
Key Stats
Market Cap
1.50BP/E (TTM)
-Basic EPS (TTM)
-18.70Dividend Yield
0%Recent Filings
8-K
8-K
Director Mason to exit 2026
Six Flags Entertainment Corporation disclosed that director Jennifer Mason will not stand for re-election at the 2026 annual meeting, effective upon her term's expiration. Her decision stems from no disagreements with the board, company, or management on operations, policies, or practices. Board thanks her service. No operational impact disclosed.
8-K
Sells six parks for $319M
Six Flags signed an equity purchase agreement on March 5, 2026, to sell six parks—Worlds of Fun, Michigan's Adventure, Valleyfair, Six Flags Great Escape, Schlitterbahn Waterpark Galveston, and Six Flags St. Louis—to EPR Properties for $318.9M cash, subject to adjustments. This streamlines the portfolio, sharpens focus on high-return assets, and accelerates deleveraging with debt paydown. Closing awaits consents. Deal simplifies operations.
10-K
FY2025 results
Six Flags Entertainment posted FY2025 net revenues of $3.1B, up 14% y/y, driven by full-year Former Six Flags contribution offset by 2.1M-visit attendance drop from weather and fewer operating days. Attendance hit 47M (+14% y/y) while per capita spending edged up 1% to $61.90, with in-park products accelerating 3% y/y. Q4 trends mirrored Q2 weakness from inclement weather and winter event cuts, yielding $792M Adjusted EBITDA (-9% y/y) as labor efficiencies clashed with utility hikes. $5.2B debt weighs liquidity amid $328M operating cash flow; no dividends declared. Post-merger integration drags momentum. Bowie park closed for redevelopment. Merger integration risks threaten synergies.
8-K
Q4 revenues down 5%
Six Flags reported Q4 2025 net revenues of $650 million, down 5% from 2024 amid 13% attendance drop to 9.3 million guests and 11% fewer operating days to 779. Per capita spending rose 8% to $66.41, lifting Adjusted EBITDA to $165 million despite $92 million net loss. Management eyes 2026 investments and debt paydown. Results missed expectations.
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