US Market News
1週前
Six Flags Appoints Mark Pauls Chief Operating OfficerJuly 2, 2026 4:15 PM
Business WireSix Flags Entertainment Corporation (NYSE: FUN) (“Six Flags” or the “Company”), North America’s largest regional amusement park operator, today announced the appointment of Mark Pauls as Chief Operating Officer, effective July 15, 2026. Pauls succeeds Tim Fisher, who will serve as a Special Advisor to the Company through December 15, 2026, to ensure a smooth transition.Mark Pauls is a disciplined operator with nearly five decades of experience in the entertainment industry. Most recently, he served as Senior Vice President of Operations at Herschend Family Entertainment, where he played a key role in the integration of Palace Entertainment. Prior to its December 2025 acquisition by Herschend Family Entertainment, Pauls was the Vice President of Operations at Palace Entertainment. In that role, he oversaw the operations of the company’s nationwide portfolio and developed and directed operational efficiency and cost reduction initiatives that resulted in improved profitability and enhanced EBITDA performance. Earlier in his career, Pauls held senior leadership roles at SeaWorld Parks and Busch Gardens, where he oversaw park and facility operations with a focus on guest service and satisfaction.“We are excited to welcome Mark to Six Flags as we continue to build a team of leaders with the skills and experience to enhance operational excellence and improve performance,” said Six Flags President and CEO John Reilly. “Mark is a results-driven executive with deep experience in the theme park industry and a proven track record of instilling operational rigor, driving profitability and delivering exceptional guest experiences. He understands that strong operational execution not only enhances business performance, but also creates a better experience for our guests through improved reliability, service and overall park quality. We are confident he is the right leader to help us bolster our operating model and build a more resilient company with a stronger financial position to drive value creation for shareholders.”“Six Flags is an incredible business with a strong foundation and world-class portfolio of parks,” said Pauls. “I am thrilled to be joining John and the amazing team he has assembled as they continue to advance their new strategy to unlock the Company’s full potential.”Reilly continued, “I also want to thank Tim for his service to Six Flags over the years, including supporting the integration with Cedar Fair. We appreciate Tim remaining with the Company as a Special Advisor through December, and we are confident that his deep expertise and institutional knowledge will help facilitate a seamless transition.”About Mark PaulsMark Pauls was most recently Senior Vice President of Operations at Herschend Family Entertainment, where he was responsible for the coordination of operations, engineering and maintenance, workforce management and entertainment events for the regional parks. Prior to Herschend, Pauls was Vice President of Operations at Palace Entertainment, leading efforts to optimize operational efficiency, control costs and drive overall business performance across the organization. Earlier in his career, he held senior operations roles at SeaWorld Parks & Entertainment, including serving as President. In that role, he was responsible for all park operations and oversaw approximately 4 million annual guests and a workforce of 6,000 employees. He previously served as Vice President of Operations for Busch Gardens' Tampa and Williamsburg locations. Pauls holds a B.B.A. in Business Administration and Management from the University of Phoenix.About Six Flags Entertainment CorporationSix Flags Entertainment Corporation (NYSE: FUN) is North America’s largest regional amusement-resort operator, with 21 amusement parks, 14 water parks and nine resort properties across 13 states in the U.S., Canada, and Mexico. The Company also manages an amusement park in Saudi Arabia. Focused on its purpose of making people happy, Six Flags provides fun, immersive and memorable experiences to millions of guests every year with world-class coasters, themed rides, thrilling water parks, resorts and a portfolio of beloved intellectual property such as Looney Tunes®, DC Comics® and PEANUTS®.Forward-Looking StatementsSome of the statements contained in this news release that are not historical in nature are forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements as to our expectations, beliefs, goals and strategies regarding the future. Words such as “anticipate,” “believe,” “create,” “expect,” “future,” “guidance,” “intend,” “plan,” “potential,” “seek,” “synergies,” “target,” “objective,” “will,” “would,” similar expressions, and variations or negatives of these words identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. These forward-looking statements may involve current plans, estimates, expectations and ambitions that are subject to risks, uncertainties and assumptions that are difficult to predict, may be beyond our control and could cause actual results to differ materially from those described in such statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct, or that our growth and operational strategies will achieve the target results. Important risks and uncertainties that may cause such a difference and could adversely affect attendance at our parks, our future financial performance, and/or our growth strategies, and could cause actual results to differ materially from our expectations or otherwise to fluctuate or decrease, include, but are not limited to: failure to realize the anticipated benefits of the merger, including difficulty in integrating the businesses of legacy Six Flags and legacy Cedar Fair; failure to realize the expected amount and timing of cost savings and operating synergies related to the merger; adverse weather conditions; general economic, political and market conditions, including global trade; the impacts of pandemics or other public health crises, including the effects of government responses on people and economies; competition for consumer leisure time and spending or other changes in consumer behavior or sentiment for discretionary spending; unanticipated construction delays or increases in construction or supply costs; changes in capital investment plans and projects; anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management, expansion and growth of our operations; the impact of any potential shareholder activism; failure to attract, motivate and retain qualified domestic and international employees and key personnel; legislative, regulatory and economic developments and changes in laws, regulations, and policies affecting us; acts of terrorism or outbreak of war, hostilities, civil unrest, and other political or security disturbances; and other risks and uncertainties we discuss under the heading “Risk Factors” within our Annual Report on Form 10-K and in the other filings we make from time to time with the Securities and Exchange Commission. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this document and are based on information currently and reasonably known to us. We do not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after publication of this news release.This news release and prior releases are available under the News tab at https://investors.sixflags.comView source version on businesswire.com: https://www.businesswire.com/news/home/20260702436236/en/Investor Contact: Michael Russell, 419.627.2233
Media Contact: Kristin.Fitzgerald@sixflags.comhttps://investors.sixflags.com Original: Six Flags Appoints Mark Pauls Chief Operating Officer
US Market News
3週前
SIX FLAGS PARKS IN 12 STATES FROM COAST-TO-COAST CELEBRATE AMERICA'S 250th ANNIVERSARY WITH SPECTACULAR FIREWORKS, FESTIVE EATS, HISTORIC THRILLS AND PATRIOTIC SUMMER FUNJune 17, 2026 5:00 AM
PR Newswire (US) Entertainment, limited-time deals and exclusive pass perks bring added excitement to festivities that honor our nationClick here for Photos of Six Flags' 250th Celebration and Historic Rides and AttractionsCHARLOTTE, N.C., June 17, 2026 /PRNewswire/ -- Six Flags Entertainment Corporation (NYSE: FUN), North America's largest regional amusement park operator, today announced a summertime celebration honoring 250 years of American history, culture and community with stunning fireworks, immersive décor, limited-time food and beverages, guest participation experiences, a vast collection of historic thrill rides, and exclusive perks in 17 U.S. amusement parks. Stretching from the Atlantic seaboard to the golden edge of the West Coast, Six Flags celebrations will come to life across 12 states – within reach of millions of Americans. (Participating parks listed at the end of this release.) "Six Flags is where America celebrates, and there's no better place to experience the spirit of our nation's 250th anniversary than in our parks," said John Reilly, president and CEO of Six Flags. "For generations, our parks have been woven into the fabric of local communities—places where families and friends come together to celebrate milestones and make memories. From thrilling coasters and spectacular fireworks to interactive entertainment, patriotic flavors and meaningful tributes, we've created a celebration that brings people together in fun and memorable ways. With special offers and added value for our pass holders, we're giving families even more reasons to visit, celebrate and make lasting summer memories."Each amusement park will host a unique celebration with events ranging from military bands and service member tributes to eating contests and Americana lawn games.Immersive Décor and Photo OpportunitiesUpon arrival, guests will be greeted by bold patriotic banners, flags, garlands and buntings that set the stage for America's historic anniversary bash. Each park will feature a signature entrance photo opportunity anchored by a larger-than-life celebratory logo installation. Additional shareable experiences include step and repeats, oversized lawn chairs and themed backdrops inside the parks.Signature FireworksOver the July 4th holiday, 17 Six Flags parks will illuminate the night sky with dramatic fireworks displays set to stirring patriotic music. Dates and showtimes will vary by park between July 3 and 5. "Fireworks are a can't-miss summer tradition and the signature event of our 250th commemoration," said Kelly Daugherty, Six Flags entertainment director. "We'll combine thrilling visuals, music and the energy of the park to create a truly unforgettable, can't-miss experience for guests of all ages."Interactive EntertainmentEach Six Flags park will bring its own unique entertainment flair to the festivities. Guests may encounter roller coaster car dedications, flag raising ceremonies, stilt walkers and beloved characters dressed for the occasion, a lively mix of music, singers and dancers, time capsule coloring pages, or a stuff-your-face eating content. With pop-up performances and local touches, every park will offer its own take on the celebration, making each visit feel festive and one-of-a-kind.Throughout the event, guests will also find audience participation experiences including:Floundering Fathers Dad Joke Competition, a fast-paced showdown of eye rolls, groans and classic dad humor.Americana Trivia Game, an experience testing knowledge of American history, culture, music and iconic moments.George Washington's Two Truths and a Lie, an interactive game filled with playful banter and patriotic surprises.Limited-Time Food and Beverage OfferingsGuests can indulge in a lineup of specially crafted treats inspired by classic Americana flavors. While offerings may vary by park, they include:Patriotic Vanilla Layer Cake: Colorful red, white and blue vanilla layer cake topped with red, white and blue sprinkles.All-American Funnel Cake: Crispy funnel cake topped with creamy vanilla ice cream and red, white and blue sprinkles.Red, White and Blue Parfait: Layers of bouncy red and blue gel topped with whipped cream and patriotic sprinkles.Liberty Bell Apple Pie Smash: Vanilla shake layered with red and blue syrup served in a cinnamon graham crumb-rimmed mason jar, topped with whipped cream and finished with a fried apple hand pie skewer, a cinnamon streusel-coated apple slice skewer and an American flag.Americana Colada Frozen Cocktail: A refreshing pina colada layered with blue rum and strawberry puree in a collectible stars-and-stripes 20 oz. pilsner glass.Signature beverages available in all parks will include commemorative cocktails and mocktails:The All-American: Sprite, strawberry popping boba and blue curacao syrup served in a souvenir Americana cup with a strawberry garnish. The Tavern Cherry: Coca-Cola Classic, cherry and cold foam served in a souvenir Americana cup with a cherry garnish. Coca-Cola Partnership ActivationThrough Six Flags' partnership with Coca-Cola, guests can purchase a convenient, all-in-one experience that pairs park admission with all-day beverage access and a complimentary bottle of Dasani—enhancing refreshment and value throughout their visit. Guests will also find themed photo opportunities and custom Coca-Cola beverage creations. (Not available at Six Flags Darien Lake.)Exclusive Merchandise and CollectiblesGuests can commemorate their visit with patriotic merchandise featuring custom apparel, red, white and blue light-up novelties and collectible souvenir drinkware. The parks will also offer sweet treats like Americana-themed creamy fudge and gourmet apples.Pass Holder Perks and Special OffersThe parks' 2026 semiquincentennial celebrations offer season pass holders and members even more reasons to visit, and those visits will be rewarded with additional event credits and rewards. The parks' most loyal guests can take advantage of specially themed offerings including discounts on food, beverages and other exclusive savings throughout the park. Special bring-a-friend offers will sweeten the celebration.Celebrating a Legacy of ThrillsIn addition to honoring American history, Six Flags brings the nation's heritage to life with the timeless thrill of amusement rides including iconic roller coasters, handcrafted carousels and historic trains.Six Flags proudly celebrates a uniquely American legacy—one built on more than a century of innovation, imagination, and thrill. Today, Six Flags is the go-to destination for roller coaster excitement, home to an unmatched collection of attractions that spans from early wooden classics to groundbreaking modern rail blazers. Together, these coasters tell the story of how the American amusement industry helped shape entertainment around the world.Among the most historic is Thunderhawk at Dorney Park & Wildwater Kingdom in Pennsylvania. First opened in 1924 as simply "Coaster," this classic wooden ride has thrilled guests for over 100 years and remains one of the oldest operating roller coasters in the world. Designated an ACE (American Coaster Enthusiast) roller coaster landmark, Thunderhawk stands as a living piece of American history, preserved for new generations to experience.That legacy continues with iconic wooden coasters like Blue Streak at Cedar Point in Ohio (1964), which helped launch the modern coaster era, and Racer at Kings Island in Ohio (1972), which sparked the 1970s coaster revival, and The Great American Scream Machine at Six Flags Over Georgia (1973), an ACE national landmark. At the same time, early steel innovations like the Runaway Mine Train at Six Flags Over Texas (1966) and Dahlonega Mine Train at Six Flags Over Georgia (1967) introduced themed, accessible thrills that defined the modern park experience—many of which are still running today.The collection also includes engineering milestones like The Great American Revolution at Six Flags Magic Mountain in California. Opening in 1976, it became the world's first successful modern looping coaster, introducing the clothoid loop design (shaped like a teardrop) that made inversions smooth and safe and remains the standard across the industry today. 50 years later, it continues to symbolize American ingenuity and the spirit of innovation.These historic rides form a living timeline of the American roller coaster—from handcrafted wooden originals to revolutionary steel designs—reinforcing Six Flags' role as the nation's premier destination for thrills.Honoring Handcrafted Artistry Beyond record-breaking thrill rides, some of the most cherished and historic carousels still operate today at Six Flags parks. These handcrafted attractions—many dating back more than a century—represent the artistry, craftsmanship and timeless appeal of early American amusement parks. Together, they form a living link between generations, preserving the simple joy and wonder that first defined the industry.At the heart of this legacy is the Carousel at Six Flags Great Adventure in New Jersey, one of the oldest rides in the entire Six Flags system. Originally built in 1881 in England by Frederick Savage, this elegant "Gallopers" carousel toured European fairgrounds for decades before being brought to the United States and installed when the park opened in 1974. Today, more than 140 years later, it continues to delight guests as a genuine 19th-century antique. Unlike most American carousels, it rotates clockwise—a distinctive British tradition. As both the oldest ride at the park and one of the oldest operating carousels in the country, it stands as a centerpiece of Six Flags' commitment to preserving history while delivering memorable experiences.Meanwhile, at Knott's Berry Farm in California, guests can ride a beautifully preserved Dentzel Carousel Company carousel dating back to 1896, one of the few remaining examples of its kind.Across the Six Flags family, this heritage is echoed in a remarkable collection of early 20th-century carousels:At Six Flags Over Georgia, the Riverview Carousel—built in 1908 by the Philadelphia Toboggan Company—remains a rare and beautifully preserved example of classic American craftsmanship and is listed on the National Register of Historic Places.At Six Flags Magic Mountain, The Grand American Carousel has been thrilling riders since 1912. This grand lady was purchased by Magic Mountain and brought to California where she was painstakingly reassembled and restored to her original glory when the park opened in 1971.At Dorney Park & Wildwater Kingdom, the Antique Carousel, built in 1921 by the renowned Dentzel Carousel Company, continues to spin for guests more than a century after it first debuted. These attractions highlight a golden age of design when carousels were hand-carved and richly decorated works of art.At Cedar Point, multiple antique carousels are still in operation, including the rare Cedar Downs Racing Derby (built in the early 1920s), one of only two surviving racing-style carousels in the United States.Together, these attractions showcase the breadth of Six Flags' historical collection—from the ornate craftsmanship of the 1800s to the enduring designs of the early 1900s. Collectively, these carousels represent more than just nostalgic rides—they are living artifacts of American culture and engineering, bridging the past and present in a way few experiences can.Preserving A Piece of America's Railroad HeritageTrains have long been a cornerstone of the American amusement park experience, offering generations of guests a shared, family-friendly journey that reflects the nation's rich railroad heritage. From classic miniature railways to full-scale steam locomotives, these attractions provide both transportation and storytelling, connecting park landscapes while celebrating the innovation, expansion, and enduring spirit that helped shape America.Across the Six Flags family, iconic train rides continue to carry on this tradition, linking generations through timeless rides, including:The locally built miniature diesel-electric train the Zephyr at Dorney Park opened in 1935–1936 and became a Depression-era hit that helped save the park and remains one of America's oldest continuously operating amusement-park rides.Ghost Town & Calico Railway at Knott's Berry Farm, built in 1951, and Cedar Point & Lake Erie Railroad at Cedar Point, built in 1963, continue to deliver cherished family thrills.Independence Hall Replica in Southern CaliforniaLocated across the street from Knott's Berry Farm, Knott's Independence Hall is an exact, brick-by-brick replica of the original in Philadelphia. Walter Knott's personal labor of love, it is the nation's only exact replica of the Philadelphia landmark. Open daily 10 a.m.- 4p.m., except Christmas Day, the free exhibit allows visitors to explore a replica of the Liberty Bell, view presidential artifacts and hear the forefathers discuss the Declaration of Independence. This immersive, historically faithful tribute to the birthplace of American democracy makes it a natural touchpoint in celebrating America's 250th anniversary.With fireworks, festive flavors, immersive environments, interactive experiences and historic rides and attractions, Six Flags invites guests of all ages to celebrate 250 years of American fun all summer long. Offerings may vary. For more information and park-specific details, visit sixflags.com and each park's events page.SIX FLAGS ENTERTAINMENT CORPORATIONSix Flags Entertainment Corporation (NYSE: FUN) is North America's largest regional amusement-resort operator with 20 amusement parks, 14 water parks and nine resort properties across 13 states in the U.S., Canada and Mexico. The Company also manages an amusement park in Saudi Arabia. Focused on its purpose of creating FUN, thrills and a lifetime of memories, Six Flags provides immersive entertainment to millions of guests every year with world-class coasters, themed rides, thrilling water parks, resorts and a portfolio of beloved intellectual property such as Looney Tunes®, DC Comics® and PEANUTS®.Parks participating in the commemoration include:
1. California's Great America
2. Carowinds
3. Cedar Point
4. Dorney Park
5. Frontier City
6. Kings Dominion
7. Kings Island
8. Knotts Berry Farm
9. Six Flags Darien Lake
10. Six Flags Discovery Kingdom
11. Six Flags Fiesta Texas
12. Six Flags Great Adventure
13. Six Flags Great America
14. Six Flags Magic Mountain
15. Six Flags New England
16. Six Flags Over Georgia
17. Six Flags Over Texas View original content to download multimedia:https://www.prnewswire.com/news-releases/six-flags-parks-in-12-states-from-coast-to-coast-celebrate-americas-250th-anniversary-with-spectacular-fireworks-festive-eats-historic-thrills-and-patriotic-summer-fun-302802608.htmlSOURCE Six Flags Entertainment Corporation Original: SIX FLAGS PARKS IN 12 STATES FROM COAST-TO-COAST CELEBRATE AMERICA'S 250th ANNIVERSARY WITH SPECTACULAR FIREWORKS, FESTIVE EATS, HISTORIC THRILLS AND PATRIOTIC SUMMER FUN
US Market News
1月前
SIX FLAGS INTRODUCES FLEXIBLE MEMBERSHIP PROGRAM AT SIX ADDITIONAL PARKS, REDEFINING HOW GUESTS EXPERIENCE MULTI-PARK FUN YEAR ROUNDJune 5, 2026 4:00 AM
PR Newswire (US) New subscription-style offering delivers continuous multi-park access at one low monthly rateClick Here for Digital Media KitCHARLOTTE, N.C., June 5, 2026 /PRNewswire/ -- Six Flags Entertainment Corporation (NYSE: FUN), North America's largest regional amusement park operator, today announced the expansion of its Membership program at six additional parks beginning June 8, offering guests a more flexible, value-driven way to enjoy their favorite destinations throughout the year. Additionally, all Gold Memberships include access to a designated group of parks within its geographic region, allowing guests to enjoy multiple destinations with one Membership. The four pass regions include West, Texas, Midwest and East.The expanded rollout introduces Memberships for the first time ever at:Carowinds & Carolina Harbor—Charlotte, N.C.Dorney Park & Wildwater Kingdom—Allentown, Pa.Kings Dominion & Soak City—Doswell, Va.Kings Island & Soak City—Mason, OhioKnott's Berry Farm & Knott's Soak City—Buena Park, Ca.Schlitterbahn New Braunfels—New Braunfels, TexasSince their introduction in 2013, Six Flags Memberships continue to evolve to meet changing guest expectations—combining affordability, convenience and premium, multi-park benefits into one seamless experience."Memberships have come a long way," said Chris Meyering, Six Flags' senior vice president of commercial. "Our new Membership unlocks an entirely new level of access—giving guests the ability to visit multiple parks across their region with one pass. It's a first-of-its-kind benefit that delivers more flexibility, more value, and more opportunities to experience the fun—whenever and wherever they want."A MODERN WAY TO VISIT: MEMBERSHIPS BUILT FOR TODAY'S GUESTDesigned to meet the needs of modern consumers, Six Flags Memberships offer a low monthly payment option, making it easier than ever for guests to extend their park visits beyond the traditional summer season.Memberships are particularly appealing for guests who:Want maximum value by exploring multiple parks within their regionWant reasons to visit all year long with regional park access, from thrill rides to festivals, family-friendly entertainment plus cornerstone Halloween and holiday eventsWant more visits throughout the year without committing to one upfront paymentWant to enjoy the parks without the interruptions that come with pass renewalsSee greater value in a year-round experience vs. a fixed-term pass"The expansion of our Membership program makes it easier than ever for guests to enjoy Six Flags on their own terms," Meyering said. "Memberships deliver unmatched flexibility, strong everyday value and premium perks across more parks that turn every visit into something more rewarding. This rollout reflects our commitment to creating lasting relationships with our guests while enhancing their overall entertainment experience."Like Season Passes, Gold and Prestige Memberships offer a more premium experience through:Multiple park access through regional benefits at the Gold level, and access to all Six Flags parks at the Prestige level (regional details included at the end of this release)Free general parking at select parksExclusive discounts on food, beverages, and merchandiseBring-a-friend offers and seasonal promotionsOptional premium benefits, such as skip-the-line access and preferred parking at higher tiersLoyalty rewards and pass perks that provide even more reasons to visitSix Flags is focused on elevating the guest experience, and all six parks unveiling the new Membership program offer multiple reasons to visit:Carowinds & Carolina Harbor—With an exciting recent expansion at Camp Snoopy including Snoopy's Racing Railway and Charlie Brown's River Raft Blast the park is focused on thrilling events and entertainment for 2026 and massive news for 2027 is still to come. Guests at Carolina Harbor are enjoying its newest addition, Carolina Harbor Shore Club, an adults-only area, and Charlotte's first swim-up bar, Paul Metto's Boathouse Bar.Dorney Park & Wildwater Kingdom—Pairing the record-breaking thrills of Iron Menace with the pint-sized adventures of Planet Snoopy, the park continues to deliver unforgettable family fun in 2026. Guests can enjoy an expanded lineup of live entertainment and seasonal events, including the debut of the all-new Splash! Water Parade, alongside returning favorites and enhanced experiences throughout Wildwater Kingdom.Kings Dominion & Soak City—While riders soar on its newest addition, Rapterra—the record-breaking launched wing coaster—the park is focused on family entertainment in 2026 with its dramatically expanded summer program that includes a new fireworks and drone show, live bands, parades, end-of-the night spectaculars and more.Kings Island & Soak City—While summer refreshment was the focus last season as Soak City enjoyed a major expansion including RiverRacers, the first dual-racing water coaster in Ohio, and Splash River Junction for kids, this season the park has raised the curtain on Phantom Theater: Opening Nightmare. This one-of-a-kind interactive dark ride introduces a new generation of families to the park's iconic characters through modern technology and elaborate storytelling.Knott's Berry Farm & Knott's Soak City—With a bounty of events and live entertainment like the iconic Boysenberry Festival, Ghost Town Alive! and Knott's Summer Nights, the amusement park will debut the new Crafty's Kitchen chicken restaurant and the highly anticipated MonteZOOMa: The Forbidden Fortress coaster in 2026. At Soak City, guests are enjoying renovations and beautification efforts throughout the water park this season. An exciting announcement is anticipated for 2027.Schlitterbahn New Braunfels—In addition to enhancements to rides and attractions like Blastenhoff Tower and Han's Hideout, the "World's Best Waterpark" debuted Wasserbahn Racers in 2026—a three-lane mat racing water slide build into the natural hillside.WHY MEMBERSHIP? HOW IT DIFFERS FROM A SEASON PASSSix Flags Memberships provide an alternative to the traditional Season Pass, giving guests a dynamic and flexible, subscription-style low monthly rate for enjoying the parks:Continuous Access vs. Seasonal Expiration
Memberships eliminate the need to renew each year, offering continuous access and peace of mind for guests who plan to visit regularly. New Memberships stretch a full 12 months rather than expiring at the end of a specific operating season—delivering stronger value, especially for guests joining mid-year. After 12 months, Memberships grant continuous park access when kept active.Monthly Payments vs. Upfront Investment
Instead of paying in full at once, guests can enjoy budget-friendly monthly payments after an initial payment, lowering the barrier to entry and making frequent visits more accessible.In contrast, traditional Season Passes are typically limited to a set operating period and require renewal each year.STRATEGIC TIMING FOR SUMMER DEMAND—AND STABILITYThe launch aligns with the close of spring promotional offers across most parks, providing a timely next-step option for guests who are looking to extend their summer visits into a year-round experience. By introducing Memberships at the start of summer season, Six Flags is meeting demand from guests who want greater flexibility and ongoing access throughout the year at multiple parks within their region.This timing also reflects a broader strategic opportunity for the company—leveraging peak demand to accelerate a shift toward more predictable, frequent engagement with guests while strengthening long-term performance."Expanding our Membership program reflects a deliberate shift toward a more stable, recurring revenue model. While meeting guests where they are, we're creating a more resilient business that supports continued reinvestment across our parks," Meyering added.Guests can explore Memberships at the six additional parks, including perks and pricing, beginning June 8 at SixFlags.com.SIX FLAGS ENTERTAINMENT CORPORATIONSix Flags Entertainment Corporation (NYSE: FUN) is North America's largest regional amusement-resort operator with 20 amusement parks, 14 water parks and nine resort properties across 13 states in the U.S., Canada and Mexico. The Company also manages an amusement park in Saudi Arabia. Focused on its purpose of creating FUN, thrills and a lifetime of memories, Six Flags provides immersive entertainment to millions of guests every year with world-class coasters, themed rides, thrilling water parks, resorts and a portfolio of beloved intellectual property such as Looney Tunes®, DC Comics® and PEANUTS®.Editor's Notes:Free general parking is not available at Knott's Berry Farm and Canada's Wonderland.Memberships are currently not available at Cedar Point, California's Great America and Canada's Wonderland.Regions are defined as follows:East Regional MembershipNEW! Dorney Park & Wildwater Kingdom — Allentown, Pa.NEW! Carowinds & Carolina Harbor — Charlotte, N.C.NEW! Kings Dominion & Soak City — Doswell, Va.Six Flags New England & Hurricane Harbor — Springfield, Mass.NEW in 2026: Quantum Accelerator, New England's first launched straddle coasterSix Flags Great Adventure — Jackson, N.J.NEW in 2026: Shoreline Pier, a new coastal-themed area with five rides, entertainment, food and more, including the parks 14th coasterSix Flags Wild Safari — Jackson, N.J.Six Flags Hurricane Harbor New Jersey – Jackson, N.J.Six Flags Over Georgia & Hurricane Harbor — Atlanta, Ga.Six Flags White Water — Marietta, Ga.Midwest Regional MembershipNEW! Kings Island & Soak City — Mason, OhioNEW in 2026: Phantom Theater: Opening Nightmare, an immersive and interactive family dark rideCanada's Wonderland & Splash Works — Vaughan, Ontario, Can.Cedar Point — Sandusky, OhioCedar Point Shores – Sandusky, OhioSix Flags Great America — Gurnee, Il.NEW in 2026: 50th Anniversary CelebrationSix Flags Hurricane Harbor Chicago – Gurnee, Il.Six Flags Hurricane Harbor Rockford — Rockford, Il.Six Flags Darien Lake & Hurricane Harbor — Darien Center, N.Y.Texas Regional MembershipNEW! Schlitterbahn New Braunfels — New Braunfels, TexasSix Flags Over Texas— Arlington, TexasNEW in 2026: Spain transformation including the record-breaking dive coaster Tormenta Rampaging RunHurricane Harbor Arlington – Arlington, TexasSix Flags Fiesta Texas — San Antonio, TexasHurricane Harbor San Antonio — San Antonio, TexasHurricane Harbor Splashtown — Houston, TexasSix Flags Frontier City — Oklahoma City, Ok.Hurricane Harbor Oklahoma City – Oklahoma City, Ok.West Regional Membership NEW! Knott's Berry Farm— Buena Park, Ca.NEW in 2026: MonteZOOMa: The Forbidden Fortress launch coaster and Crafty's Kitchen restaurantNEW! Knott's Soak City – Buena Park, CaSix Flags Magic Mountain — Valencia, Ca.NEW in 2026: Looney Tunes™ Land, a family section with four themed areas inspired by beloved classic charactersHurricane Harbor Los Angeles – Valencia, Ca.Six Flags Discovery Kingdom — Vallejo, Ca.California's Great America — Santa Clara, Ca.Six Flags Hurricane Harbor Concord — Concord, Ca.Six Flags Hurricane Harbor Phoenix — Phoenix, Az.Six Flags Mexico— Mexico City, Mex.NEW in 2026: Speedway Stunt Coaster, a family boomerang coasterSix Flags Hurricane Harbor Oaxtepec — Oaxtepec, Mex.© 2026 SIX FLAGS ENTERTAINMENT CORPORATION View original content to download multimedia:https://www.prnewswire.com/news-releases/six-flags-introduces-flexible-membership-program-at-six-additional-parks-redefining-how-guests-experience-multi-park-fun-year-round-302792161.htmlSOURCE Six Flags Entertainment Corporation Original: SIX FLAGS INTRODUCES FLEXIBLE MEMBERSHIP PROGRAM AT SIX ADDITIONAL PARKS, REDEFINING HOW GUESTS EXPERIENCE MULTI-PARK FUN YEAR ROUND
US Market News
1月前
Six Flags Appoints Ash Walia Chief Financial OfficerMay 27, 2026 4:30 PM
Business Wire Six Flags Entertainment Corporation (NYSE: FUN) (“Six Flags” or the “Company”), North America’s largest regional amusement park operator, today announced the appointment of Ash Walia as Chief Financial Officer, effective June 17, 2026. Ash Walia is a seasoned executive with more than twenty years of financial leadership at national retail and consumer businesses and significant experience leading large scale business transformations. He most recently served as CFO of private equity-owned Hot Topic and 99 Cents Only Stores. At both companies, he built high-performing teams and developed strategic frameworks to instill financial discipline and drive profitable growth through transitional moments for the businesses. Previously, he held several senior financial roles at Starbucks Corporation across operations, logistics and supply chain management, and helped achieve improvements in operational efficiency and profitability. “Ash’s appointment follows a comprehensive search to identify the right leader to guide our financial organization in our next chapter, and we are excited to welcome him to the Six Flags team,” said Six Flags President and CEO John Reilly. “Ash’s deep financial expertise and experience leading organizations through transitional periods to unlock profitable growth will be valuable as we continue to advance our ongoing efforts to improve performance and create a more resilient business. We are confident we are taking the right steps, and now have the right team in place, to strengthen our company’s balance sheet, expand margins and deliver sustainable, long-term value for shareholders.” “Six Flags is a storied business with a renowned portfolio of parks, and it is an honor to be joining the Company at such a pivotal moment,” said Walia. “With a new operating philosophy and clear strategic priorities, I believe Six Flags is well positioned to capture the tremendous opportunities ahead. I look forward to working closely with John and the rest of the team to strengthen Six Flags’ financial foundation and drive value for guests and shareholders.” Dave Hoffman, who has been serving as interim Chief Financial Officer since May 8, 2026, will continue to serve as Chief Accounting Officer. About Ash Walia Ash Walia has served as Chief Financial Officer of Hot Topic since 2021. Prior to Hot Topic, Walia was Chief Financial Officer of 99 Cents Only Stores, where he oversaw the finance, IT and marketing teams. From 2011 to 2018, he held various senior leadership roles at Starbucks Corporation across corporate finance, shared services and supply chain operations, including leading corporate finance as Senior Vice President of Corporate Finance. Earlier in his career, he spent seven years in supply chain financial roles of escalating responsibility with Kellogg’s, eventually serving as Vice President Finance, Global Supply Chain. Walia holds a Bachelor of Commerce degree from the University of Delhi, India. About Six Flags Entertainment Corporation Six Flags Entertainment Corporation (NYSE: FUN) is North America’s largest regional amusement-resort operator, with 20 amusement parks, 14 water parks and nine resort properties across 13 states in the U.S., Canada, and Mexico. The Company also manages an amusement park in Saudi Arabia. Focused on its purpose of creating FUN, thrills and a lifetime of memories, Six Flags provides immersive entertainment to millions of guests every year with world-class coasters, themed rides, thrilling water parks, resorts and a portfolio of beloved intellectual property such as Looney Tunes®, DC Comics® and PEANUTS®. Forward-Looking Statements Some of the statements contained in this news release that are not historical in nature are forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements as to our expectations, beliefs, goals and strategies regarding the future. Words such as “anticipate,” “believe,” “create,” “expect,” “future,” “guidance,” “intend,” “plan,” “potential,” “seek,” “synergies,” “target,” “will,” “would,” similar expressions, and variations or negatives of these words identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. These forward-looking statements may involve current plans, estimates, expectations and ambitions that are subject to risks, uncertainties and assumptions that are difficult to predict, may be beyond our control and could cause actual results to differ materially from those described in such statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct, that our growth and operational strategies will achieve the target results. Important risks and uncertainties that may cause such a difference and could adversely affect attendance at our parks, our future financial performance, and/or our growth strategies, and could cause actual results to differ materially from our expectations or otherwise to fluctuate or decrease, include, but are not limited to: failure to realize the anticipated benefits of the Merger, including difficulty in integrating the businesses of legacy Six Flags and legacy Cedar Fair; failure to realize the expected amount and timing of cost savings and operating synergies related to the Merger; failure to realize the expected amount and timing of benefits related to the sale of parks and undeveloped land; adverse weather conditions; general economic, political and market conditions, including global trade; the impacts of pandemics or other public health crises, including the effects of government responses on people and economies; competition for consumer leisure time and spending or other changes in consumer behavior or sentiment for discretionary spending; unanticipated construction delays or increases in construction or supply costs; changes in capital investment plans and projects; anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management, expansion and growth of the Company’s operations; the impact of any potential shareholder activism; failure to attract, motivate and retain qualified domestic and international employees and key personnel; legislative, regulatory and economic developments and changes in laws, regulations, and policies affecting the Company; acts of terrorism or outbreak or escalation of war, hostilities, civil unrest, and other political or security disturbances; and other risks and uncertainties we discuss under the heading “Risk Factors” within our Annual Report on Form 10-K and in the other filings we make from time to time with the Securities and Exchange Commission. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this document and are based on information currently and reasonably known to us. We do not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after publication of this news release. This news release and prior releases are available under the News tab at https://investors.sixflags.com View source version on businesswire.com: https://www.businesswire.com/news/home/20260527840116/en/ Investor Contact: Michael Russell, IR@sixflags.com
Media Contact: Kristin Fitzgerald, kristin.fitzgerald@sixflags.com https://investors.sixflags.com Original: Six Flags Appoints Ash Walia Chief Financial Officer
US Market News
1月前
Shareholders Elect All Three Director Nominees to the Six Flags BoardMay 26, 2026 5:30 PM
Business Wire Six Flags Entertainment Corporation (NYSE: FUN), North America’s largest regional amusement park operator, announced today that the Company’s shareholders elected Richard Haddrill, Chieh Huang, and Marilyn Spiegel to the Board of Directors of Six Flags Entertainment Corporation for 3-year terms expiring in 2029. Shareholders also confirmed the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm and approved an advisory vote on the compensation of the Company’s named executive officers. “On behalf of the entire Board, we thank our shareholders for their continued trust and support,” said Executive Chairman Richard Haddrill. “We are pleased both Chieh Huang and Marilyn Spiegel are returning as directors for another 3-year term, as the board and executive team work collaboratively on a strategy to drive profitable growth and value creation.” About Our Newly Elected Directors Richard Haddrill is the founder and Chief Executive Officer of The Groop, LLC, an investment and advisory company he founded in January 2018. Mr. Haddrill is also the Vice Chairman of Generator Partners, an alternative energy and home electrification company he co-founded in 2024. He previously served as Executive Vice Chairman of Scientific Games Corporation (now Light & Wonder) from December 2014 to February 2018 and as Vice Chairman from February 2018 until August 2020. Prior to that, he served as Chief Executive Officer of Bally Technologies from October 2004 to December 2012 and again from May 2014 until Bally’s acquisition by Scientific Games in November 2014. He also served on Bally’s board of directors from April 2003 until the acquisition, including as chairman from 2012 to 2014. He previously served as Chief Executive Officer of Manhattan Associates, Inc., beginning in October 1999 and later as Vice Chairman through May 2006. Earlier in his career, Mr. Haddrill served as Chief Executive Officer of Powerhouse Technologies, Inc. and as a Partner and Managing Partner at Ernst & Young LLP. Mr. Haddrill earned a B.S. from the University of Michigan. Chieh Huang is the co-founder and Chief Executive Officer of Pelgo. Prior to Pelgo, he was the President of the World Economic Forum’s Global Collaboration Village. Throughout his career, he has founded and led both public and private companies. Mr. Huang was the Chief Executive Officer of Astro Ape Studios, one of the first mobile social gaming studios. In 2011, Astro Ape was acquired by social gaming pioneer Zynga, and Mr. Huang later became the director of Zynga Mobile NY. More recently, Mr. Huang was co-founder and Chief Executive Officer of Boxed, Inc., where he led the company’s growth from its inception and oversaw investments in technology that enabled Boxed to develop proprietary automation robotics and artificial intelligence software business. Before becoming an entrepreneur, Mr. Huang was a corporate attorney at Proskauer. Mr. Huang is active with several non-profit organizations and serves as an advisory team member of McLaren Racing, with entries in Formula 1, IndyCar and WEC. He received his B.A. in economics at The Johns Hopkins University and holds a J.D. from Fordham School of Law. Marilyn Spiegel has more than 30 years of experience in the gaming and hospitality industry, including as president of iconic Las Vegas resorts. She served as President of Wynn Las Vegas from December 2010 until her retirement in February 2013 and later returned to serve again as President from January 2019 to September 2021. Prior to her Wynn Las Vegas, from August 2006 to November 2010 Ms. Spiegel served as President of several Harrah’s Entertainment hotel and casino properties, including Bally’s and Paris Las Vegas. In January 2010, her responsibilities expanded to include Planet Hollywood following its acquisition by Harrah’s. Previously, she was the President of Harrah’s Las Vegas & Rio All-Suite Hotel & Casino from January 2004 to July 2006, after having served as the Senior Vice President of Human Resources of Harrah’s Entertainment, now Caesars Entertainment, from June 1999 to December 2003. Ms. Spiegel serves on the board of Invited Clubs, the largest owner and operator of private golf and country clubs in the country. She has also been a member of the board of advisors for Nicholas & Company since 2015 and serves as executive secretary and a board member of Catholic Charities of Southern Nevada and as a board member of the Thomas Spiegel Family Foundation. Ms. Spiegel has a B.A. in marketing and an M.A. degree in education from the University of Utah. About Six Flags Entertainment Corporation Six Flags Entertainment Corporation (NYSE: FUN) is North America’s largest regional amusement-resort operator, with 20 amusement parks, 14 water parks and nine resort properties across 13 states in the U.S., Canada, and Mexico. The Company also manages an amusement park in Saudi Arabia. Focused on its purpose of creating FUN, thrills and a lifetime of memories, Six Flags provides immersive entertainment to millions of guests every year with world-class coasters, themed rides, thrilling water parks, resorts and a portfolio of beloved intellectual property such as Looney Tunes®, DC Comics® and PEANUTS®. Forward-Looking Statements Some of the statements contained in this news release that are not historical in nature are forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements as to our expectations, beliefs, goals and strategies regarding the future. Words such as “anticipate,” “believe,” “create,” “expect,” “future,” “guidance,” “intend,” “plan,” “potential,” “seek,” “synergies,” “target,” “will,” “would,” similar expressions, and variations or negatives of these words identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. These forward-looking statements may involve current plans, estimates, expectations and ambitions that are subject to risks, uncertainties and assumptions that are difficult to predict, may be beyond our control and could cause actual results to differ materially from those described in such statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct, that our growth and operational strategies will achieve the target results. Important risks and uncertainties that may cause such a difference and could adversely affect attendance at our parks, our future financial performance, and/or our growth strategies, and could cause actual results to differ materially from our expectations or otherwise to fluctuate or decrease, include, but are not limited to: failure to realize the anticipated benefits of the Merger, including difficulty in integrating the businesses of legacy Six Flags and legacy Cedar Fair; failure to realize the expected amount and timing of cost savings and operating synergies related to the Merger; failure to realize the expected amount and timing of benefits related to the sale of parks and undeveloped land; adverse weather conditions; general economic, political and market conditions, including global trade; the impacts of pandemics or other public health crises, including the effects of government responses on people and economies; competition for consumer leisure time and spending or other changes in consumer behavior or sentiment for discretionary spending; unanticipated construction delays or increases in construction or supply costs; changes in capital investment plans and projects; anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management, expansion and growth of the Company’s operations; the impact of any potential shareholder activism; failure to attract, motivate and retain qualified domestic and international employees and key personnel; legislative, regulatory and economic developments and changes in laws, regulations, and policies affecting the Company; acts of terrorism or outbreak or escalation of war, hostilities, civil unrest, and other political or security disturbances; and other risks and uncertainties we discuss under the heading “Risk Factors” within our Annual Report on Form 10-K and in the other filings we make from time to time with the Securities and Exchange Commission. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this document and are based on information currently and reasonably known to us. We do not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after publication of this news release. This news release and prior releases are available under the News tab at https://investors.sixflags.com View source version on businesswire.com: https://www.businesswire.com/news/home/20260526733502/en/ Investor Contact: Michael Russell, IR@sixflags.com Original: Shareholders Elect All Three Director Nominees to the Six Flags Board
US Market News
2月前
Six Flags Entertainment Corporation Reports 2026 First Quarter ResultsMay 7, 2026 5:00 AM
Business Wire Season off to solid start with year-to-date attendance through the end of April up 4% on a same-park basis(4) Active pass base up 6% through the end of April on a same-park basis Six Flags Entertainment Corporation (NYSE: FUN), the largest regional amusement park operator in North America, today announced its results for the first quarter ended March 29, 2026. First Quarter 2026 Results As compared to the first quarter of 2025: Net revenues increased 12% to $225.6 million. Attendance increased 4% to 2.9 million visits. Per capita spending(1) increased 6% to $69.26, reflecting effective ticket pricing initiatives, improved ticket mix, and higher guest spending on food and beverage. Net loss attributable to Six Flags Entertainment Corporation totaled $269 million, as compared to a loss of $220 million. Adjusted EBITDA(2) loss for the quarter was $123 million, a $48 million improvement from $171 million. Operating days totaled 369, a decrease from 393 operating days. CEO Commentary “We delivered meaningful year-over-year improvement in the first quarter driven by higher attendance, increased guest spending, and disciplined execution,” said John Reilly, Six Flags President and CEO. “Despite the seasonally low first quarter operating profile of our business, these results demonstrate the resiliency of our operating model and the progress we are making executing against our strategic priorities. Although it is still early in the season, demand trends in the second quarter are encouraging. We are seeing positive early response to changes in our season pass and membership offerings, including expanded regional access to more parks on certain products, which we believe are supporting increased guest engagement and a more favorable product mix.” Reilly continued, “Our objective for 2026 is to capitalize on our learnings and the improvements we have implemented over the past year to build on our momentum and progress. We have positioned our parks well to capture peak season demand through new entertainment offerings and a relentless focus on operational excellence to improve the guest experience. We remain mindful of broader macroeconomic factors, the narrow operating windows that shape our business, weather and holiday timing variability, and the potential for a more promotional environment in season pass and membership sales to create pressure on admissions yield and mix. We also recognize that rebuilding and sustaining the active pass base will remain important as we move through the balance of the selling season. Reilly concluded, “Even with the encouraging start to the year, our most important operating periods are ahead. We are excited to build on our momentum, particularly as we enter the 2026 summer season.” Summarized First Quarter Results Please note: Six Flags typically operates at a Net Loss and Adjusted EBITDA loss in the first quarter because most of its seasonal parks are closed. During the first quarter of 2026, the Company entertained approximately 2.9 million guests, and generated net revenues of $225.6 million, a net loss of $268.6 million, and an Adjusted EBITDA loss of $123.0 million. Attendance for the first quarter increased by approximately 105,000 guests, or 4%, compared to the first quarter of 2025, despite 24 fewer operating days. The decrease in operating days was driven in large part by the removal of four winter holiday events in 2025, which resulted in 15 fewer days in early January of 2026 compared to January of 2025. Excluding the contribution of the incremental days in January of 2025, attendance in the first quarter of 2026 would have been up 7% compared to the prior year quarter. In year-over-year comparisons, 2026 first quarter attendance benefited from favorable operating conditions, particularly on the West Coast, a larger active pass base, the earlier timing of this year’s Easter and Spring Break holidays, and the earlier timing of the Knott’s Berry Farm Boysenberry Festival. The $23.6 million increase in net revenues, compared with the first quarter of 2025, was the result of solid growth in attendance, as well as improved per capita spending and higher out-of-park revenues. The increase in per capita spending reflects a 3% increase in admissions per capita spending and a 10% improvement in in-park product per capita spending. The increase in admissions per capita spending in the quarter reflects the positive impact of changes in pricing and product structure, as well as a favorable shift in ticket sales to higher priced products. The Company also saw encouraging early response to updates in its pass and membership offerings, which contributed to a more favorable season pass product mix during the quarter. The increase in in-park product per capita spending was driven by higher guest spending on food and beverage items and merchandise during the first quarter this year. The higher guest spending in these areas reflects the success of the Company’s continued investments to expand and upgrade its food and beverage offerings and its retail centers across the parks. Operating costs and expenses in the first quarter of 2026 decreased $50.4 million, or 12%, compared to the first quarter last year, reflecting an increased focus on delivering more cost efficiencies. A $32.6 million decrease in first quarter operating expenses was driven by planned reductions in full-time wages (down $15.2 million), maintenance costs (down $9.5 million), and operating supplies (down $8.2 million). A $17.5 million decrease in first quarter SG&A expenses was driven primarily by planned reductions in full-time headcount and wages. Balance Sheet and Liquidity Highlights As of Mar. 29, 2026, the Company reported the following: Deferred revenues, including amounts classified as held for sale, totaled $381 million compared with $374 million on Mar. 30, 2025. The 2% increase in deferred revenues was largely attributable to higher season pass and membership sales, as well as higher advanced single day sales and increased deposits on group events and catering. Total Liquidity was $462 million, including cash and available borrowings under the Company’s revolving credit facility, compared to total liquidity of $241 million as of Mar. 30, 2025. Net debt(3) totaled $5.27 billion, calculated as total debt of $5.39 billion (before debt issuance costs and acquisition fair value layers) less cash and cash equivalents of $117 million. April Update Results through the end of April, which normalizes for the timing shift between years of the Easter and Spring Break holidays, were solid. Through May 3, 2026, the Company entertained 5.7 million guests over 694 operating days on a year-to-date basis. This represents a 4% increase in attendance on a same-park basis compared to 5.4 million guests entertained over 722 operating days during the comparable year-to-date period in 2025. During the month of April, sales of season passes and memberships were also solid and in line with expectations. The Company was encouraged by early response to enhancements in its pass and membership offerings, including expanded benefits and access to more parks for certain products. As of May 3, 2026, the Company’s active pass base totaled approximately 5 million units, up 6% on a same-park basis compared to the same time last year. Leadership Transition In a separate news release issued today, Six Flags announced the appointment of Amy Martin Ziegenfuss as Chief Marketing Officer and Christopher Bennett as Chief Legal and Compliance Officer, effective by June 3, 2026, and the appointment of Dave Hoffman as interim finance lead. The full release can be found on the Six Flags Investors website at https://investors.sixflags.com under the tabs News / Press Releases. Conference Call As previously announced, Six Flags Entertainment Corporation will host a conference call with analysts starting at 8 a.m. ET today, May 7, 2026, to discuss its recent financial results. Participants on the call will include Six Flags President and CEO John Reilly, Brian Witherow, and Chief Accounting Officer Dave Hoffman. Investors and all other interested parties can access a live, listen-only audio webcast of the call on the Six Flags Investors website at https://investors.sixflags.com under the tabs Investor Information / Events & Presentations. Those unable to listen to the live webcast can access a recorded version of the call on the Six Flags Investors website at https://investors.sixflags.com under Investor Information / Events and Presentations, shortly after the live call’s conclusion. A digital recording of the conference call will be available for replay by phone starting at approximately 1 p.m. ET on Thursday May 7, 2026, until 11:59 p.m. ET on Wednesday May 14, 2026. To access the phone replay in North America please dial (800) 770-2030; from international locations please dial +1 (609) 800-9909, followed by Conference ID 3720518. About Six Flags Entertainment Corporation Six Flags Entertainment Corporation (NYSE: FUN) is North America’s largest regional amusement-resort operator with 21 amusement parks, 14 water parks and eight resort properties across 13 states in the U.S., Canada and Mexico. Focused on its purpose of making people happy, Six Flags provides fun, immersive and memorable experiences to millions of guests every year with world-class coasters, themed rides, thrilling water parks, resorts and a portfolio of beloved intellectual property such as Looney Tunes®, DC Comics® and PEANUTS®. Footnotes: (1) Per capita spending, admissions per capita spending, in-park product per capita spending, and out-of-park revenues are non-GAAP financial measures. See the attached reconciliation table and related footnote for the calculation of these metrics. These metrics are used by management as major factors in significant operational decisions as they are primary drivers of financial and operational performance, measuring demand, pricing, and consumer behavior. (2) Adjusted EBITDA is not a measurement computed in accordance with GAAP. Management believes Adjusted EBITDA is a meaningful measure of park-level operating profitability and uses it for measuring returns on capital investments, evaluating potential acquisitions, determining awards under incentive compensation plans, and calculating compliance with certain loan covenants. For additional information regarding Adjusted EBITDA, including how the Company defines and uses this measure, see the attached reconciliation table and related footnotes. (3) Net debt is a non-GAAP financial measure. See the attached reconciliation table and related footnote for the calculation of net debt. Net debt is used by the Company and investors to monitor leverage, and management believes it is meaningful for this purpose. (4) Same-park basis excludes the combined contributions of the following parks: Worlds of Fun, Michigan's Adventure, Valleyfair, Six Flags Great Escape, Schlitterbahn Waterpark Galveston, Six Flags St. Louis, Six Flags La Ronde and the former combination amusement and water park located in Bowie, Maryland. See the attached tables for additional information. Forward-Looking Statements Some of the statements contained in this news release that are not historical in nature are forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements as to our expectations, beliefs, goals and strategies regarding the future. Words such as “anticipate,” “believe,” “create,” “expect,” “future,” “guidance,” “intend,” “plan,” “potential,” “seek,” “synergies,” “target,” “will,” “would,” similar expressions, and variations or negatives of these words identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. These forward-looking statements may involve current plans, estimates, expectations and ambitions that are subject to risks, uncertainties and assumptions that are difficult to predict, may be beyond our control and could cause actual results to differ materially from those described in such statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct, that our growth and operational strategies will achieve the target results. Important risks and uncertainties that may cause such a difference and could adversely affect attendance at our parks, our future financial performance, and/or our growth strategies, and could cause actual results to differ materially from our expectations or otherwise to fluctuate or decrease, include, but are not limited to: failure to realize the anticipated benefits of the Merger, including difficulty in integrating the businesses of legacy Six Flags and legacy Cedar Fair; failure to realize the expected amount and timing of cost savings and operating synergies related to the Merger; failure to realize the expected amount and timing of benefits related to the sale of parks and undeveloped land; adverse weather conditions; general economic, political and market conditions, including global trade; the impacts of pandemics or other public health crises, including the effects of government responses on people and economies; competition for consumer leisure time and spending or other changes in consumer behavior or sentiment for discretionary spending; unanticipated construction delays or increases in construction or supply costs; changes in capital investment plans and projects; anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management, expansion and growth of the Company’s operations; the impact of any potential shareholder activism; failure to attract, motivate and retain qualified domestic and international employees and key personnel; legislative, regulatory and economic developments and changes in laws, regulations, and policies affecting the Company; acts of terrorism or outbreak or escalation of war, hostilities, civil unrest, and other political or security disturbances; and other risks and uncertainties we discuss under the heading “Risk Factors” within our Annual Report on Form 10-K and in the other filings we make from time to time with the Securities and Exchange Commission. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this document and are based on information currently and reasonably known to us. We do not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after publication of this news release. This news release and prior releases are available under the News tab at https://investors.sixflags.com (financial tables follow) SIX FLAGS ENTERTAINMENT CORPORATION UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands) Three months ended March 29, 2026 March 30, 2025 Net revenues: Admissions $ 113,500 $ 106,761 Food, merchandise and games 78,264 65,848 Accommodations, extra-charge products and other 33,863 29,448 225,627 202,057 Costs and expenses: Cost of food, merchandise, and games revenues 21,287 21,601 Operating expenses 266,893 299,479 Selling, general and administrative 73,295 90,785 Depreciation and amortization 107,349 102,330 Loss on retirement of fixed assets, net 2,435 8,098 Loss on impairment of goodwill and other intangibles 38,640 — Loss on disposal group 27,971 — Loss on other assets — 791 537,870 523,084 Operating loss (312,243 ) (321,027 ) Interest expense, net 94,928 87,035 Loss on early debt extinguishment 4,053 — Other expense (income), net 5,739 (1,584 ) Loss before taxes (416,963 ) (406,478 ) Benefit for taxes (148,363 ) (186,760 ) Net loss (268,600 ) (219,718 ) Net loss attributable to non-controlling interests — — Net loss attributable to Six Flags Entertainment Corporation $ (268,600 ) $ (219,718 ) SIX FLAGS ENTERTAINMENT CORPORATION UNAUDITED CONSOLIDATED BALANCE SHEET DATA (In thousands) March 29, 2026 March 30, 2025 Cash and cash equivalents $ 116,510 $ 61,512 Total assets $ 7,708,879 $ 9,163,917 Long-term debt, including current maturities: Revolving credit loans $ 444,566 $ 609,003 Term debt 1,461,737 978,527 Notes 3,449,224 3,660,036 $ 5,355,527 $ 5,247,566 Equity $ 279,226 $ 1,833,780 SIX FLAGS ENTERTAINMENT CORPORATION RECONCILIATION OF MODIFIED EBITDA AND ADJUSTED EBITDA (In thousands) Three months ended March 29, 2026 March 30, 2025 Net loss $ (268,600 ) $ (219,718 ) Interest expense, net 94,928 87,035 Benefit for taxes (148,363 ) (186,760 ) Depreciation and amortization 107,349 102,330 EBITDA (214,686 ) (217,113 ) Loss on early debt extinguishment 4,053 — Non-cash foreign currency loss (gain) 5,139 (2,214 ) Non-cash equity compensation expense 3,772 17,076 Loss on retirement of fixed assets, net 2,435 8,098 Loss on impairment of goodwill and other intangibles 38,640 — Loss on disposal group 27,971 — Loss on other assets — 791 Costs related to the merger (1) 4,914 15,640 Other (2) 4,723 6,932 Modified EBITDA (3) (123,039 ) (170,790 ) Net income attributable to non-controlling interests — — Adjusted EBITDA (3) $ (123,039 ) $ (170,790 ) (1) Consists of integration costs related to the merger, including third-party consulting costs, costs to integrate information technology systems, integration team salaries and benefits, retention bonuses, maintenance costs to update Former Six Flags parks to Cedar Fair standards and certain legal costs. These costs are added back to net loss to calculate Modified EBITDA and Adjusted EBITDA as defined in the Company's credit agreement. (2) Consists of certain costs as defined in the Company's credit agreement. These costs are added back to net loss to calculate Modified EBITDA and Adjusted EBITDA and include certain legal and consulting expenses; severance costs; cost of goods sold recorded to align inventory standards following the Mergers; certain costs at a combined amusement and water park located in Bowie, Maryland since its closure; Mexican VAT taxes on intercompany activity; and contract termination costs. This balance also includes unrealized gains and losses on pension assets and short-term investments. (3) Modified EBITDA represents earnings before interest, taxes, depreciation, amortization, other non-cash items, and adjustments as defined in the Company's credit agreement. Adjusted EBITDA represents Modified EBITDA less net loss attributable to non-controlling interests. Management includes both measures to disclose the effect of non-controlling interests. Management believes Modified EBITDA and Adjusted EBITDA are meaningful measures of park-level operating profitability, and uses them for measuring returns on capital investments, evaluating potential acquisitions, determining awards under incentive compensation plans, and calculating compliance with certain loan covenants. Adjusted EBITDA is widely used by analysts, investors and comparable companies in the industry to evaluate operating performance on a consistent basis, as well as more easily compare results with those of other companies in the industry. Modified EBITDA and Adjusted EBITDA are provided as supplemental measures of the Company's operating results and are not intended to be a substitute for operating income, net income or cash flows from operating activities as defined under generally accepted accounting principles. In addition, Modified EBITDA and Adjusted EBITDA may not be comparable to similarly titled measures of other companies. SIX FLAGS ENTERTAINMENT CORPORATION CALCULATION OF NET DEBT (In thousands) March 29, 2026 Long-term debt, including current maturities $ 5,355,527 Plus: Debt issuance costs and original issue discount 55,675 Less: Acquisition fair value layers (22,822 ) Less: Cash and cash equivalents (116,510 ) Net debt (1) $ 5,271,870 (1) Net debt is a non-GAAP financial measure used by investors to monitor leverage. The measure may not be comparable to similarly titled measures of other companies. SIX FLAGS ENTERTAINMENT CORPORATION KEY OPERATIONAL MEASURES (In thousands, except per capita and operating day amounts) Three months ended March 29, 2026 March 30, 2025 Attendance 2,923 2,818 Per capita spending (1) $ 69.26 $ 65.40 Admissions per capita spending (1) $ 38.82 $ 37.72 In-park product per capita spending (1) $ 30.44 $ 27.68 Out-of-park revenues (1) $ 28,799 $ 23,916 Operating days 369 393 (1) Per capita spending is calculated as revenues generated within the Company's amusement parks and separately gated outdoor water parks along with related parking revenues and online transaction fees charged to customers (in-park revenues), divided by total attendance. Admissions per capita spending is calculated as revenues generated for admission to the Company's amusement parks and separately gated water parks along with related parking revenues and online transaction fees charged to customers (in-park admissions revenues) divided by total attendance. In-park product per capita spending is calculated as all other revenues generated within the Company's amusement parks and separately gated water parks, including food and beverage, merchandise, games and extra-charge offerings (in-park product revenues) divided by total attendance. Out-of-park revenues are defined as revenues from resorts, out-of-park food and merchandise locations, sponsorships, international agreements and all other out-of-park operations. Beginning in the fourth quarter of 2025, the Company renamed in-park per capita spending to per capita spending and renamed per capita spending on in-park products to in-park product per capita spending. The methodology for calculating these metrics remains unchanged, and therefore any previously reported metrics that are renamed to corresponding metrics remain unchanged. In-park revenues, per capita spending, in-park admissions revenues, admissions per capita spending, in-park product revenues, in-park product per capita spending, and out-of-park revenues are non-GAAP measures. These metrics are used by management as major factors in significant operational decisions as they are primary drivers of financial and operational performance, measuring demand, pricing, and consumer behavior. A reconciliation of in-park revenues, including in-park admissions revenues and in-park product revenues, and out-of-park revenues to net revenues for the periods presented is in the table below. Three months ended March 29, 2026 March 30, 2025 In-park admissions revenues 113,441 106,311 In-park product revenues 88,977 78,004 In-park revenues 202,418 184,315 Out-of-park revenues 28,799 23,916 Concessionaire remittances (5,590 ) (6,174 ) Net revenues $ 225,627 $ 202,057 SIX FLAGS ENTERTAINMENT CORPORATION
SELECTED 2025 QUARTERLY AND ANNUAL FINANCIAL AND OTHER DATA
FOR THE CONSOLIDATED COMPANY AND FOR SPECIFIED PARKS
WITH RELATED RECONCILIATION OF ADJUSTED EBITDA (In millions, except operating days) The below table includes selected quarterly and annual financial and other data for fiscal 2025: (1) for the consolidated company (or the "Consolidated Company"); and (2) on a combined basis, for Worlds of Fun, Michigan's Adventure, Valleyfair, Six Flags Great Escape, Schlitterbahn Waterpark Galveston, Six Flags St. Louis, Six Flags La Ronde and the former combination amusement and water park located in Bowie, Maryland (together, the "Specified Parks"). In March 2026, the Company entered into definitive agreements to sell these parks to EPR Properties with the exception of the former combination amusement park and water park located in Bowie, Maryland. For that Bowie, Maryland property, the Company closed the park following the end of the 2025 operating season and announced it had entered into a purchase agreement to sell the property in April 2026. Three months ended Twelve months ended March 30, 2025 June 29, 2025 September 28, 2025 December 31, 2025 December 31, 2025 Consolidated Company Data Attendance 3 14 21 9 47 Net revenue $ 202 $ 930 $ 1,318 $ 650 $ 3,100 Net (loss) income $ (220 ) $ (75 ) $ (1,163 ) $ (91 ) $ (1,549 ) Adjusted EBITDA $ (171 ) $ 243 $ 555 $ 165 $ 792 Operating days 393 1,993 2,573 779 5,738 Specified Parks Data Attendance — 1 3 1 5 Net revenue $ 6 $ 86 $ 161 $ 37 $ 290 Net (loss) income $ (39 ) $ (13 ) $ 37 $ (19 ) $ (34 ) Adjusted EBITDA $ (28 ) $ 9 $ 67 $ (1 ) $ 47 Operating days — 334 505 77 916 As disclosed above, Modified EBITDA represents earnings before interest, taxes, depreciation, amortization, other non-cash items, and adjustments as defined in the Company's credit agreement. Adjusted EBITDA represents Modified EBITDA less net loss attributable to non-controlling interests. Management believes Modified EBITDA and Adjusted EBITDA are meaningful measures of park-level operating profitability, and uses them for measuring returns on capital investments, evaluating potential acquisitions, determining awards under incentive compensation plans, and calculating compliance with certain loan covenants. Adjusted EBITDA is widely used by analysts, investors and comparable companies in the industry to evaluate operating performance on a consistent basis, as well as more easily compare results with those of other companies in the industry. Modified EBITDA and Adjusted EBITDA are provided as supplemental measures of the Company's operating results and are not intended to be a substitute for operating income, net income or cash flows from operating activities as defined under generally accepted accounting principles. In addition, Modified EBITDA and Adjusted EBITDA may not be comparable to similarly titled measures of other companies. SIX FLAGS ENTERTAINMENT CORPORATION
SELECTED 2025 QUARTERLY AND ANNUAL FINANCIAL AND OTHER DATA
FOR THE CONSOLIDATED COMPANY AND FOR SPECIFIED PARKS
WITH RELATED RECONCILIATION OF ADJUSTED EBITDA - CONTINUED (In millions) The below table reconciles Adjusted EBITDA to Net (Loss) Income for the Consolidated Company and for the Specified Parks for fiscal year 2025 and for each fiscal quarter of 2025. Three months ended Twelve months ended March 30, 2025 June 29, 2025 September 28, 2025 December 31, 2025 December 31, 2025 Consolidated Company Reconciliation Net loss $ (220 ) $ (75 ) $ (1,163 ) $ (91 ) $ (1,549 ) Interest expense, net 87 92 91 90 360 (Benefit) provision for taxes (187 ) 76 (38 ) (15 ) (164 ) Depreciation and amortization 102 135 128 121 486 EBITDA (218 ) 228 (982 ) 105 (867 ) Non-cash foreign currency (gain) loss (2 ) (20 ) 7 (8 ) (23 ) Non-cash equity compensation expense 17 9 15 23 64 Loss on retirement of fixed assets, net 8 11 3 19 41 Loss on impairment of goodwill and other intangibles — — 1,518 — 1,518 Loss on other assets 1 — — — 1 Costs related to the merger (1) 16 11 10 12 49 Other (2) 7 29 9 14 59 Modified EBITDA (171 ) 268 580 165 842 Net income attributable to non-controlling interests — 25 25 — 50 Adjusted EBITDA $ (171 ) $ 243 $ 555 $ 165 $ 792 Specified Parks Reconciliation Net (loss) income $ (39 ) $ (13 ) $ 37 $ (19 ) $ (34 ) Depreciation and amortization 10 17 21 15 63 EBITDA (29 ) 4 58 (4 ) 29 Loss on retirement of fixed assets, net 1 1 (1 ) 1 2 Loss on impairment of goodwill and other intangibles — — 8 — 8 Costs related to the merger (1) — 1 1 — 2 Other (2) — 3 1 2 6 Modified EBITDA (28 ) 9 67 (1 ) 47 Net income attributable to non-controlling interests — — — — — Adjusted EBITDA $ (28 ) $ 9 $ 67 $ (1 ) $ 47 (1) Consists of third-party legal and consulting transaction costs, as well as integration costs related to the merger. Integration costs include third-party consulting costs, costs to integrate information technology systems, integration team salaries and benefits, retention bonuses, maintenance costs to update legacy Six Flags parks to legacy Cedar Fair standards and certain legal costs. These costs are added back to net (loss) income to calculate Modified EBITDA and Adjusted EBITDA as defined in the Company's credit agreement. (2) Consists of certain costs as defined in the Company's credit agreement. These costs are added back to net (loss) income to calculate Modified EBITDA and Adjusted EBITDA and include severance and related employer taxes and benefits; certain legal and consulting expenses; enacted cost savings initiatives related to overhead and administrative costs incurred by legacy Six Flags, specifically for insurance premiums, legal costs and information technology costs; run-rate costs at the combination amusement and water park located in Bowie, Maryland since its closure; repairs for unusual weather events; Mexican VAT taxes on intercompany activity; cost of goods sold recorded to align inventory standards following the merger; administrative payments related to the Partnership Parks; and contract termination costs. This balance also includes unrealized gains and losses on pension assets and short-term investments. View source version on businesswire.com: https://www.businesswire.com/news/home/20260507943727/en/ Investor Contact: Michael Russell, IR@sixflags.com
https://investors.sixflags.com Media Contact: Kristin Fitzgerald, kristin.fitzgerald@sixflags.com Original: Six Flags Entertainment Corporation Reports 2026 First Quarter Results
US Market News
2月前
Six Flags Announces Leadership TransitionsMay 7, 2026 5:02 AM
Business Wire Amy Martin Ziegenfuss and Christopher Bennett to be Appointed Chief Marketing Officer and Chief Legal and Compliance Officer, Respectively, Effective June 3, 2026 Brian Witherow to Step Down as Chief Financial Officer, Effective May 8, 2026; Dave Hoffman to Serve as Interim Finance Lead Until Successor is Named Six Flags Entertainment Corporation (NYSE: FUN) (“Six Flags” or the “Company”), North America’s largest regional amusement park operator, today announced several leadership updates designed to strengthen the Company’s commercial, marketing, legal and finance capabilities as it continues to advance its integration and value-creation priorities. Amy Martin Ziegenfuss will join Six Flags as Chief Marketing Officer and Christopher Bennett will join as Chief Legal and Compliance Officer, each effective on June 3, 2026. Ziegenfuss will succeed Christian Dieckmann who departed the Company effective May 2, 2026. Bennett will succeed Brian Nurse who will depart the Company effective May 8, 2026. In addition, Brian Witherow will step down as Chief Financial Officer, effective May 8, 2026. The Company has advanced its CFO succession process with several excellent candidates and will provide an update when the process underway is complete. Dave Hoffman, Six Flags’ Chief Accounting Officer, will serve as Interim Finance Lead during the transition. Amy Martin Ziegenfuss is a senior marketing executive with deep experience across travel, hospitality and experiential consumer businesses. She will join Six Flags from Carnival Cruise Line, where she served as Chief Marketing Officer and modernized the company’s marketing organization through data-driven segmentation and measurement capabilities. Previously, she was SVP of Global Enterprise & Brand Marketing at Hilton, where she advanced enterprise-wide marketing strategy and brand consistency across the company’s global portfolio, contributing to a significant increase in bookings and more efficient media investments. Christopher Bennett, a partner at the international law firm Dentons, has more than twenty-five years of legal experience in the hospitality and leisure industries. Bennett’s career includes 16 years leading the legal department of Interstate Hotels & Resorts, which was a NYSE public company for 12 years, where he was Chief Administrative Officer, General Counsel, and Secretary. Bennett was also General Counsel and Secretary of MeriStar Hospitality, a NYSE public hotel real estate investment trust. While at Interstate and MeriStar, Bennett managed more than $2 billion of public and private debt transactions, more than 30 US and international joint ventures, an IPO and numerous public and private M&A transactions. Throughout his career, Bennett has managed more than $5 billion in real estate transactions and negotiated hospitality transactions across more than 40 countries in 6 continents. Given the central role that brand strength, consumer insights, digital engagement and targeted demand generation play in Six Flags’ long-term growth strategy, the Company is separating the responsibilities of the Chief Commercial Officer into two focused roles: Chief Marketing Officer and SVP, Commercial. Ziegenfuss will assume the responsibilities of Chief Marketing Officer, and Chris Meyering, current VP, Revenue Management at Six Flags, has been promoted to the role of SVP, Commercial, effective June 3, 2026. Meyering has served in various operations management roles at Six Flags since 2021. He joined Six Flags from The Walt Disney Company, where he served as Commercial Strategy Manager, Commercial Integration & Franchise Management. “As we enter the next chapter for Six Flags, now is the right time to bring in new leadership with relevant skills and fresh perspectives to advance our key priorities,” said Six Flags President and CEO John Reilly. “Amy and Christopher are recognized leaders who bring considerable experience in marketing, hospitality, legal affairs, governance and complex consumer-facing businesses. Chris Meyering has helped successfully implement key commercial initiatives during his time at Six Flags, and we are confident he will continue to make valuable contributions in his new role. Their expertise will augment our leadership team’s capabilities as we continue to improve profitability, strengthen the Company’s balance sheet and focus resources on the highest-return opportunities across our irreplaceable portfolio.” Reilly continued, “Marketing is central to how we attract guests, deepen engagement, grow season pass and membership participation and build stronger relationships with consumers across our parks. Amy’s experience leading data-driven marketing organizations at major travel and hospitality brands is highly relevant to Six Flags as we sharpen our commercial strategy and build on the momentum underway entering the 2026 summer season.” “I also want to thank Brian Witherow, Christian Dieckmann and Brian Nurse for their service and many contributions to Six Flags. They played key roles in helping the Company navigate a transformative period following the merger with Cedar Fair, and we wish them the best in their next chapters,” Reilly concluded. First Quarter 2026 Results In a separate news release issued today, Six Flags announced its first quarter financial results for 2026. The Company’s earnings conference call will take place today, May 7, 2026, at 8:00 a.m. ET, and a live webcast of the call will be available on the Six Flags Investors website at https://investors.sixflags.com under the tabs Investor Information / Events & Presentations. About Amy Martin Ziegenfuss Amy Martin Ziegenfuss was most recently Chief Marketing Officer of Carnival Cruise Line, where she led the modernization of the company’s marketing organization and implemented data-driven strategies to strengthen customer engagement and insight. She previously served as SVP of Global Enterprise & Brand Marketing at Hilton, leading enterprise and brand portfolio marketing and supporting the launch of several new hotel brands. Earlier in her career, she held marketing roles at Choice Hotels International in the U.S. and Europe. She earned a B.A. in communications from Hood College and an MBA from George Washington University. About Christopher Bennett Christopher Bennett is currently a partner in Dentons’ Hospitality and Leisure practice, providing counsel to global and U.S.-focused hospitality brands, management companies, and hotel and resort owners and developers. Prior to Dentons, Bennett served as Chief Diversity & Inclusion Officer and Vice Chair of Eckert Seamans Cherin & Mellott’s hospitality and gaming group. He previously spent sixteen years at Interstate Hotels & Resorts, Inc., where he held a variety of roles, including Chief Administrative Officer, General Counsel and Secretary, overseeing all legal, human resources, international and public relations affairs. He is a Certified Public Accountant and earned a B.S. in accounting and finance from Virginia Tech and a JD from the University of Virginia. About Six Flags Entertainment Corporation Six Flags Entertainment Corporation (NYSE: FUN) is North America’s largest regional amusement-resort operator with 21 amusement parks, 14 water parks and eight resort properties across 13 states in the U.S., Canada and Mexico. Focused on its purpose of making people happy, Six Flags provides fun, immersive and memorable experiences to millions of guests every year with world-class coasters, themed rides, thrilling water parks, resorts and a portfolio of beloved intellectual property such as Looney Tunes®, DC Comics® and PEANUTS®. Forward-Looking Statements Some of the statements contained in this news release that are not historical in nature are forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements as to our expectations, beliefs, goals and strategies regarding the future. Words such as “anticipate,” “believe,” “create,” “expect,” “future,” “guidance,” “intend,” “plan,” “potential,” “seek,” “synergies,” “target,” “will,” “would,” similar expressions, and variations or negatives of these words identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. These forward-looking statements may involve current plans, estimates, expectations and ambitions that are subject to risks, uncertainties and assumptions that are difficult to predict, may be beyond our control and could cause actual results to differ materially from those described in such statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct, that our growth and operational strategies will achieve the target results. Important risks and uncertainties that may cause such a difference and could adversely affect attendance at our parks, our future financial performance, and/or our growth strategies, and could cause actual results to differ materially from our expectations or otherwise to fluctuate or decrease, include, but are not limited to: failure to realize the anticipated benefits of the Merger, including difficulty in integrating the businesses of legacy Six Flags and legacy Cedar Fair; failure to realize the expected amount and timing of cost savings and operating synergies related to the Merger; failure to realize the expected amount and timing of benefits related to the sale of parks and undeveloped land; adverse weather conditions; general economic, political and market conditions, including global trade; the impacts of pandemics or other public health crises, including the effects of government responses on people and economies; competition for consumer leisure time and spending or other changes in consumer behavior or sentiment for discretionary spending; unanticipated construction delays or increases in construction or supply costs; changes in capital investment plans and projects; anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management, expansion and growth of the Company’s operations; the impact of any potential shareholder activism; failure to attract, motivate and retain qualified domestic and international employees and key personnel; legislative, regulatory and economic developments and changes in laws, regulations, and policies affecting the Company; acts of terrorism or outbreak or escalation of war, hostilities, civil unrest, and other political or security disturbances; and other risks and uncertainties we discuss under the heading “Risk Factors” within our Annual Report on Form 10-K and in the other filings we make from time to time with the Securities and Exchange Commission. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this document and are based on information currently and reasonably known to us. We do not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after publication of this news release. This news release and prior releases are available under the News tab at https://investors.sixflags.com View source version on businesswire.com: https://www.businesswire.com/news/home/20260507306628/en/ Investor Contact: Michael Russell, IR@sixflags.com
Media Contact: Kristin Fitzgerald, kristin.fitzgerald@sixflags.com https://investors.sixflags.com Original: Six Flags Announces Leadership Transitions
US Market News
3月前
Six Flags Completes Sale of Six U.S. Parks to EPR PropertiesApril 6, 2026 4:15 PM
Business Wire
Sale of Canadian Property La Ronde Expected to Close in Second Quarter
Six Flags Entertainment Corporation (NYSE: FUN) (“Six Flags” or the “Company”), North America’s largest regional amusement park operator, today announced the successful closing of the previously announced sale of six of its U.S. parks to EPR Properties (NYSE: EPR) (“EPR”), marking a significant milestone in the Company’s ongoing portfolio optimization strategy.
The six U.S. parks now owned by EPR are Valleyfair (Minnesota), Worlds of Fun (Missouri), Michigan’s Adventure (Michigan), Schlitterbahn Waterpark Galveston (Texas), Six Flags St. Louis (Missouri), and Six Flags Great Escape (New York). The sale of Six Flags La Ronde (Montreal, QC) is expected to close in the second quarter of 2026, following the satisfaction of applicable closing conditions and receipt of required approvals.
“This divestiture reflects Six Flags’ disciplined approach to portfolio optimization and the decisive action we are taking to concentrate our capital and operational focus on properties with the greatest long-term growth potential,” said Six Flags President and CEO John Reilly. “This portfolio refinement further positions Six Flags to execute more effectively in 2026 and beyond, and I am confident in the opportunities ahead as we continue taking steps to drive improved operating performance, margin expansion, free cash flow generation, and earnings growth.”
EPR intends to partner with Enchanted Parks to run the six domestic properties. EPR will retain the right to utilize the Six Flags brand through the end of 2026, subject to certain requirements, and no significant impact on guests is expected during this transition. The parks will continue their regular operating schedules, and all season passes sold will be recognized through the 2026 operating season, including multi-park pass privileges at other parks within the Six Flags’ portfolio.
ABOUT SIX FLAGS ENTERTAINMENT CORPORATION
Six Flags Entertainment Corporation (NYSE: FUN) is North America’s largest regional amusement-resort operator, with 21 amusement parks, 14 water parks and nine resort properties across 13 states in the U.S., Canada, and Mexico. The Company also manages an amusement park in Saudi Arabia. Focused on its purpose of making people happy, Six Flags provides fun, immersive and memorable experiences to millions of guests every year with world-class coasters, themed rides, thrilling water parks, resorts and a portfolio of beloved intellectual property such as Looney Tunes®, DC Comics® and PEANUTS®.
FORWARD-LOOKING STATEMENTS
Some of the statements contained in this news release that are not historical in nature are forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements as to our expectations, beliefs, goals and strategies regarding the future. Words such as “anticipate,” “believe,” “create,” “expect,” “future,” “guidance,” “intend,” “plan,” “potential,” “seek,” “synergies,” “target,” “objective,” “will,” “would,” similar expressions, and variations or negatives of these words identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. These forward-looking statements may involve current plans, estimates, expectations and ambitions that are subject to risks, uncertainties and assumptions that are difficult to predict, may be beyond our control and could cause actual results to differ materially from those described in such statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct, or that our growth and operational strategies will achieve the target results. Important risks and uncertainties that may cause such a difference and could adversely affect attendance at our parks, our future financial performance, and/or our growth strategies, and could cause actual results to differ materially from our expectations or otherwise to fluctuate or decrease, include, but are not limited to: failure to realize the anticipated benefits of the merger between Cedar Fair and legacy Six Flags, including difficulty in integrating the businesses of legacy Six Flags and legacy Cedar Fair; failure to realize the expected amount and timing of cost savings and operating synergies related to the merger; adverse weather conditions; general economic, political and market conditions, including global trade; the impacts of pandemics or other public health crises, including the effects of government responses on people and economies; competition for consumer leisure time and spending or other changes in consumer behavior or sentiment for discretionary spending; unanticipated construction delays or increases in construction or supply costs; changes in capital investment plans and projects; anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management, expansion and growth of our operations; the impact of any potential shareholder activism; failure to attract, motivate and retain qualified domestic and international employees and key personnel; legislative, regulatory and economic developments and changes in laws, regulations, and policies affecting us; acts of terrorism or outbreak of war, hostilities, civil unrest, and other political or security disturbances; and other risks and uncertainties we discuss under the heading “Risk Factors” within our Annual Report on Form 10-K and in the other filings we make from time to time with the Securities and Exchange Commission. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this document and are based on information currently and reasonably known to us. We do not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after publication of this news release.
This news release and prior releases are available under the News tab at https://investors.sixflags.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20260403315103/en/
Investor Contact: Michael Russell, 419.627.2233
Media Contact: Gary Rhodes, 704.249.6119
https://investors.sixflags.com
Original: Six Flags Completes Sale of Six U.S. Parks to EPR Properties
US Market News
5月前
Six Flags Entertainment Corporation Reports 2025 Fourth Quarter and Full Year ResultsFebruary 19, 2026 6:00 AM
Business Wire
Six Flags Entertainment Corporation (NYSE: FUN) (the “Company”, “Six Flags”, or the “Combined Company”), the largest regional amusement park operator in North America, today announced results for its 2025 fourth quarter and full year ended Dec. 31, 2025.
2025 Fourth-Quarter Results
Net revenues totaled $650 million, down $37 million or 5% compared with the fourth quarter of 2024 -- on a per operating day basis, net revenues were up 7% compared with the fourth quarter of 2024.
Attendance totaled 9.3 million guests, down 13% or approximately 1.4 million visitors compared with the fourth quarter of 2024 -- on a per operating day basis attendance was down 2% compared with the fourth quarter of 2024.
Per capita spending(2) was $66.41, up 8% compared with the fourth quarter of 2024.
Net loss attributable to Six Flags Entertainment Corporation was $92 million compared with a loss of $264 million for the fourth quarter of 2024.
Adjusted EBITDA(1) totaled $165 million compared with Adjusted EBITDA of $209 million in the fourth quarter of 2024.
Operating days totaled 779, down 11%, compared with 878 days in the fourth quarter of 2024.
2025 Full-Year Results
Net revenues totaled $3.10 billion.
Attendance totaled 47.4 million guests.
Per capita spending(2) was $61.90.
Net loss attributable to Six Flags Entertainment Corporation totaled $1.60 billion, which reflects a $1.5 billion non-cash impairment charge on goodwill and other intangibles.
Adjusted EBITDA(1) totaled $792 million.
Operating days totaled 5,738.
CEO Commentary
“While 2025 results fell short of our expectations, the work completed over the past year has strengthened the foundation of our enterprise,” said John Reilly, President and CEO. “Over that time, we made significant investments to improve our park infrastructures, added exciting new attractions to our parks, upgraded our technology systems, and enhanced our food and beverage offerings – and in 2026, we will continue to invest heavily in an exciting slate of family-oriented attractions, food and beverage facility upgrades, and record-breaking roller coasters. At the same time, we are refining our approach to revenue management and marketing, and we are implementing clearer lines of accountability across the organization. With a portfolio that includes the most iconic regional theme parks located in some of the largest and fastest-growing markets in North America, combined with a sharper focus on execution, we are confident that our efforts will restore profitable growth that is sustainable over time.”
“We are equally focused on strengthening our balance sheet,” added Reilly. “The successful refinancing of our 2027 notes in early January was the first significant step in that direction and as performance improves our intent remains clear – use the cash-generating strength of our business combined with a disciplined capital allocation approach to pay down debt and reduce leverage as quickly as possible. Reducing leverage and restoring financial flexibility are essential to creating sustainable shareholder value,” concluded Reilly.
Financial Results for the Fourth Quarter
Operating days – During the fourth quarter of 2025, operating days totaled 779, which reflected 15 closed days due to weather. This compares with 878 operating days in the fourth quarter of 2024, which included 3 closed days due to weather. The remaining variance reflects 66 fewer operating days due to the elimination of winter holiday events at four parks, as well as the impact of normal calendar differences.
Net revenues – For the quarter ended Dec. 31, 2025, net revenues totaled $650 million, down $37 million (5%) versus the fourth quarter of 2024 ($687 million). The decrease in revenues reflected:
Attendance – down 13% (1.4 million visits) to 9.3 million guests, driven in large part by the loss of approximately 425,000 visits due to the cancellation of winter holiday events at four parks in 2025, more weather-driven closed days, and the impact of a smaller active season pass base in 2025 compared to 2024.
Per capita spending – up 8% ($66.41 vs. $61.60 in Q4 2024), including admissions per capita spending(2) of $35.32 (up 5% from Q4 2024) and in-park product per capita spending(2) of $31.10 (up 11% from Q4 2024). The increase in admissions per capita spending reflects the positive impact of pricing and promotional changes, as well as the impact of attendance mix. The increase in in-park product per capita spending was driven by higher guest spending on food and beverage, merchandise, and extra-charge products during the quarter. The higher guest spending in these areas reflects the success of continued investments to expand and upgrade food and beverage offerings across the parks and higher demand for compelling premium experiences such as Fast Lane and Flash Pass.
Out-of-park revenues – up 8% ($4 million) to $51 million, driven primarily by higher sponsorship revenue in Q4 2025.
Operating costs and expenses – In the fourth quarter of 2025, operating costs and expenses totaled $534 million, up $11 million compared to the fourth quarter of 2024. The increase in operating costs and expenses was driven by:
Operating expenses – down $5 million from prior year due to reductions in seasonal labor costs (down $8 million) and operating supplies (down $2 million), offset by higher property taxes and utility costs (collectively up $5 million).
SG&A expenses – up $18 million due to a $20 million increase in wage costs, including $12 million of equity compensation and $5 million of severance expense, and a $6 million increase in technology costs, offset in part by a $6 million decrease in professional service fees and a planned reduction of $3 million in advertising costs during the quarter.
Cost of goods sold – down $2 million in the quarter due to the decline in attendance. Cost of goods sold as a percentage of food, merchandise, and games revenue for the fourth quarter increased 10 basis points year over year due to menu mix and the write-off of older inventory.
Depreciation and amortization – During the fourth quarter of 2025, depreciation and amortization expense totaled $121 million, representing an increase of $15 million compared with the fourth quarter of 2024. The increase was due to the impact of purchase price adjustments for legacy Six Flags property and equipment during the fourth quarter of 2024 and the impact of a change in interim depreciation method for legacy Cedar Fair. During the fourth quarter of 2025, the Company also recognized a $19 million loss on retirement of fixed assets in the normal course of business, including the sunset of website and mobile app assets related to legacy Six Flags. By comparison, the Company recognized a $7 million loss on the retirement of fixed assets during the fourth quarter of 2024.
Operating income/loss – Following the items above, operating loss for the three months ended Dec. 31, 2025, totaled $25 million, compared with operating income of $51 million for the three months ended Dec. 31, 2024.
Net interest expense – For the fourth quarter of 2025, net interest expense totaled $89 million, up $11 million compared to the prior year fourth quarter. The increase was primarily the result of $8 million in interest accretion related to the Six Flags Over Georgia call option liability exercised in December 2024 and incremental term loan borrowings in 2025.
Taxes – During the three months ended Dec. 31, 2025, the Company recorded a benefit for income taxes of $15 million, compared with a $210 million provision for income taxes recorded during the three months ended Dec. 31, 2024. The change in the provision for income taxes was primarily attributable to tax expense associated with the change in tax status of a lower-tier partnership in the three months ended Dec. 31, 2024.
Net loss – After the items discussed above and income attributable to non-controlling interests, net loss attributable to the Company for the fourth quarter of 2025, totaled $92 million, or a net loss of $0.91 per diluted share, compared with a net loss attributable to the Company of $264 million, or $2.76 per diluted share, for the fourth quarter of 2024.
Adjusted EBITDA – Management believes Adjusted EBITDA is a meaningful measure of park-level operating results. For the three months ended Dec. 31, 2025, Adjusted EBITDA totaled $165 million, representing a $43 million decline compared to Adjusted EBITDA for the three months ended Dec. 31, 2024. The variance in Adjusted EBITDA reflects the impact on fourth quarter net revenues of a 13% decrease in attendance, as well as higher SG&A expense during the period.
Balance Sheet and Liquidity Highlights
As of Dec. 31, 2025, the Company reported the following:
Deferred revenues, including both current and non-current, totaled $311 million compared with $308 million on Dec. 31, 2024. The $3 million increase in deferred revenues was primarily attributable to higher advanced single-day ticket sales and increased deposits on group events and catering.
Total Liquidity was $623 million, including cash and available borrowings under the Company’s revolving credit facility.
Net debt(3) totaled $5.11 billion, calculated as total debt of $5.20 billion (before debt issuance costs and acquisition fair value layers) less cash and cash equivalents of $91 million.
Conference Call
As previously announced, Six Flags Entertainment Corporation will host a conference call with analysts starting at 8 a.m. ET today, Feb. 19, 2026, to discuss its recent financial results and the Company's business outlook. Participants on the call will include Six Flags President and CEO John Reilly and CFO Brian Witherow.
Investors and all other interested parties can access a live, listen-only audio webcast of the call on the Six Flags Investors website at https://investors.sixflags.com under the tabs Investor Information / Events & Presentations. Those unable to listen to the live webcast can access a recorded version of the call on the Six Flags Investors website at https://investors.sixflags.com under Investor Information / Events and Presentations, shortly after the live call’s conclusion.
A digital recording of the conference call will be available for replay by phone starting at approximately 1 p.m. ET on Thursday Feb. 19, 2026, until 11:59 p.m. ET on Thursday Feb. 26, 2026. To access the phone replay in North America please dial (800) 770-2030; from international locations please dial +1 (609) 800-9909, followed by Conference ID 3720518.
About Six Flags Entertainment Corporation
Six Flags Entertainment Corporation (NYSE: FUN) is North America’s largest regional amusement-resort operator with 26 amusement parks, 15 water parks and nine resort properties across 16 states in the U.S., Canada and Mexico. The Company also manages an amusement park in Saudi Arabia. Focused on its purpose of making people happy, Six Flags provides fun, immersive and memorable experiences to millions of guests every year with world-class coasters, themed rides, thrilling water parks, resorts and a portfolio of beloved intellectual property such as Looney Tunes®, DC Comics® and PEANUTS®.
Footnotes:
(1)
Adjusted EBITDA is not a measurement computed in accordance with GAAP. Management believes this is a meaningful measure of park-level operating profitability and uses it for measuring returns on capital investments, evaluating potential acquisitions, determining awards under incentive compensation plans, and calculating compliance with certain loan covenants. For additional information regarding Adjusted EBITDA, including how the Company defines and uses this measure, see the attached reconciliation table and related footnotes.
(2)
Per capita spending, admissions per capita spending, in-park product per capita spending, and out-of-park revenues are non-GAAP financial measures. See the attached reconciliation table and related footnote for the calculation of these metrics. These metrics are used by management as major factors in significant operational decisions as they are primary drivers of financial and operational performance, measuring demand, pricing, and consumer behavior. Beginning in the fourth quarter of 2025, we renamed in-park per capita spending to per capita spending, and we renamed per capita spending on in-park products to in-park product per capita spending. The methodology for calculating these metrics remains unchanged, and therefore any previously reported metrics that are renamed to corresponding metrics remain unchanged.
(3)
Net debt is a non-GAAP financial measure. See the attached reconciliation table and related footnote for the calculation of net debt. Net debt is used by the Company and investors to monitor leverage, and management believes it is meaningful for this purpose.
Forward-Looking Statements
Some of the statements contained in this news release that are not historical in nature are forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements as to our expectations, beliefs, goals and strategies regarding the future. Words such as “anticipate,” “believe,” “create,” “expect,” “future,” “guidance,” “intend,” “plan,” “potential,” “seek,” “synergies,” “target,” “objective,” “will,” “would,” similar expressions, and variations or negatives of these words identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. These forward-looking statements may involve current plans, estimates, expectations and ambitions that are subject to risks, uncertainties and assumptions that are difficult to predict, may be beyond our control and could cause actual results to differ materially from those described in such statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct, or that our growth and operational strategies will achieve the target results. Important risks and uncertainties that may cause such a difference and could adversely affect attendance at our parks, our future financial performance, and/or our growth strategies, and could cause actual results to differ materially from our expectations or otherwise to fluctuate or decrease, include, but are not limited to: failure to realize the anticipated benefits of the merger, including difficulty in integrating the businesses of legacy Six Flags and legacy Cedar Fair; failure to realize the expected amount and timing of cost savings and operating synergies related to the merger; adverse weather conditions; general economic, political and market conditions, including global trade; the impacts of pandemics or other public health crises, including the effects of government responses on people and economies; competition for consumer leisure time and spending or other changes in consumer behavior or sentiment for discretionary spending; unanticipated construction delays or increases in construction or supply costs; changes in capital investment plans and projects; anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management, expansion and growth of our operations; the impact of any potential shareholder activism; failure to attract, motivate and retain qualified domestic and international employees and key personnel; legislative, regulatory and economic developments and changes in laws, regulations, and policies affecting us; acts of terrorism or outbreak of war, hostilities, civil unrest, and other political or security disturbances; and other risks and uncertainties we discuss under the heading “Risk Factors” within our Annual Report on Form 10-K and in the other filings we make from time to time with the Securities and Exchange Commission. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this document and are based on information currently and reasonably known to us. We do not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after publication of this news release.
This news release and prior releases are available under the News tab at https://investors.sixflags.com
(financial tables follow)
SIX FLAGS ENTERTAINMENT CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands)
Quarters ended December 31,
Years Ended December 31,
2025
2024
2025
2024
Net revenues:
Admissions
$
327,449
$
360,557
$
1,584,281
$
1,403,932
Food, merchandise and games
205,670
212,512
1,037,799
898,175
Accommodations, extra-charge products and other
116,970
114,241
478,209
406,819
650,089
687,310
3,100,289
2,708,926
Costs and expenses:
Cost of food, merchandise and games revenues
56,086
57,797
269,704
232,556
Operating expenses
371,316
376,902
1,720,256
1,376,061
Selling, general and administrative
106,952
88,646
439,393
411,164
Depreciation and amortization
121,372
106,226
486,383
318,113
Loss on retirement of fixed assets, net
19,257
6,658
40,670
18,064
Loss on impairment of goodwill and other intangibles
—
—
1,518,099
42,462
Loss on other assets
—
—
791
—
674,983
636,229
4,475,296
2,398,420
Operating (loss) income
(24,894
)
51,081
(1,375,007
)
310,506
Interest expense, net
89,458
78,867
359,958
234,770
Loss on early debt extinguishment
—
—
—
7,974
Other (income) expense, net
(6,508
)
26,722
(21,519
)
33,584
(Loss) income before taxes
(107,844
)
(54,508
)
(1,713,446
)
34,178
(Benefit) provision for taxes
(15,460
)
209,708
(163,980
)
240,843
Net (loss) income
(92,384
)
(264,216
)
(1,549,466
)
(206,665
)
Net (loss) income attributable to non-controlling interests
—
—
49,632
24,499
Net (loss) income attributable to Six Flags Entertainment Corporation
$
(92,384
)
$
(264,216
)
$
(1,599,098
)
$
(231,164
)
Net (loss) income margin (1)
-14.2
%
-38.4
%
-50.0
%
-7.6
%
(1) Net (loss) income margin is calculated as net income divided by net revenues.
SIX FLAGS ENTERTAINMENT CORPORATION
CONSOLIDATED BALANCE SHEET DATA
(In thousands)
December 31, 2025
December 31, 2024
Cash and cash equivalents
$
91,134
$
83,174
Total assets
$
7,799,202
$
9,130,516
Long-term debt, including current maturities:
Revolving credit loans
$
258,386
$
296,953
Term debt
1,460,847
976,712
Notes
3,461,877
3,659,407
$
5,181,110
$
4,933,072
Equity
$
549,757
$
2,041,863
SIX FLAGS ENTERTAINMENT CORPORATION
RECONCILIATION OF MODIFIED EBITDA, ADJUSTED EBITDA AND MODIFIED EBITDA MARGIN
(In thousands)
Quarters Ended December 31,
Years Ended December 31,
(In thousands)
2025
2024
2025
2024
Net loss
$
(92,384
)
$
(264,216
)
$
(1,549,466
)
$
(206,665
)
Interest expense, net
89,458
78,867
359,958
234,770
(Benefit) provision for taxes
(15,460
)
209,708
(163,980
)
240,843
Depreciation and amortization
121,372
106,226
486,383
318,113
EBITDA
102,986
130,585
(867,105
)
587,061
Loss on early debt extinguishment
—
—
—
7,974
Non-cash foreign currency (gain) loss
(7,008
)
24,677
(22,583
)
30,557
Non-cash equity compensation expense
23,198
10,259
64,157
63,809
Loss on retirement of fixed assets, net
19,257
6,658
40,670
18,064
Loss on impairment of goodwill and other intangibles
—
—
1,518,099
42,462
Loss on other assets
—
791
—
Costs related to the merger (1)
11,755
23,726
48,911
118,336
Severance (2)
8,772
721
44,564
1,397
Self-insurance adjustment (3)
—
—
14,865
Other (4)
6,534
12,348
14,138
15,265
Modified EBITDA (5)
165,494
208,974
841,642
899,790
Net income attributable to non-controlling interests
—
—
49,632
24,499
Adjusted EBITDA (5)
$
165,494
$
208,974
$
792,010
$
875,291
Modified EBITDA margin (6)
25.5
%
30.4
%
27.1
%
33.2
%
(1)
Consists of third-party legal and consulting transaction costs, as well as integration costs related to the merger. Integration costs include third-party consulting costs, costs to integrate information technology systems, integration team salaries and benefits, retention bonuses, maintenance costs to update legacy Six Flags parks to legacy Cedar Fair standards and certain legal costs. These costs are added back to net (loss) income to calculate Modified EBITDA and Adjusted EBITDA as defined in the Company's credit agreement.
(2)
Consists of severance and related employer taxes and benefits. During 2025, certain employees, including certain executive level employees, were terminated as part of recent post-merger productivity and efficiency efforts.
(3)
During the third quarter of 2024, an actuarial analysis of legacy Cedar Fair's self-insurance reserves resulted in a change in estimate that increased incurred but not reported reserves by $14.9 million. The increase was driven by an observed pattern of increasing litigation and settlement costs.
(4)
Consists of certain costs as defined in the Company's credit agreement. These costs are added back to net (loss) income to calculate Modified EBITDA and Adjusted EBITDA and include certain legal and consulting expenses; enacted cost savings initiatives related to overhead and administrative costs incurred by legacy Six Flags, specifically for insurance premiums, legal costs and information technology costs; run-rate costs at a combination amusement and water park located in Bowie, Maryland since its closure; repairs for unusual weather events; Mexican VAT taxes on intercompany activity; cost of goods sold recorded to align inventory standards following the merger; administrative payments related to the Partnership Parks; and contract termination costs. This balance also includes unrealized gains and losses on pension assets and short-term investments.
(5)
Modified EBITDA represents earnings before interest, taxes, depreciation, amortization, other non-cash items, and adjustments as defined in the Company's credit agreement. Adjusted EBITDA represents Modified EBITDA less net (loss) income attributable to non-controlling interests. Management includes both measures to disclose the effect of non-controlling interests. Prior to the merger, legacy Cedar Fair did not have net income attributable to non-controlling interests. Management believes Modified EBITDA and Adjusted EBITDA are meaningful measures of park-level operating profitability, and uses them for measuring returns on capital investments, evaluating potential acquisitions, determining awards under incentive compensation plans, and calculating compliance with certain loan covenants. Adjusted EBITDA is widely used by analysts, investors and comparable companies in the industry to evaluate operating performance on a consistent basis, as well as more easily compare results with those of other companies in the industry. Modified EBITDA and Adjusted EBITDA are provided as supplemental measures of the Company's operating results and are not intended to be a substitute for operating income, net income or cash flows from operating activities as defined under generally accepted accounting principles. In addition, Modified EBITDA and Adjusted EBITDA may not be comparable to similarly titled measures of other companies.
(6)
Modified EBITDA margin (Modified EBITDA divided by net revenues) is not a measurement computed in accordance with GAAP and may not be comparable to similarly titled measures of other companies. Modified EBITDA margin is provided because management believes the measure provides a meaningful metric of operating profitability. Modified EBITDA margin has been disclosed as opposed to Adjusted EBITDA margin because management believes Modified EBITDA margin more accurately reflects the park-level operations of the Company as it does not give effect to distributions to non-controlling interests.
SIX FLAGS ENTERTAINMENT CORPORATION
CALCULATION OF NET DEBT
(In thousands)
December 31,
2025
Long-term debt, including current maturities
$
5,181,110
Plus: Debt issuance costs and original issue discount
43,336
Less: Acquisition fair value layers
(21,225
)
Less: Cash and cash equivalents
(91,134
)
Net Debt (1)
$
5,112,087
(1)
Net Debt is a non-GAAP financial measure used by investors to monitor leverage. The measure may not be comparable to similarly titled measures of other companies.
SIX FLAGS ENTERTAINMENT CORPORATION
KEY OPERATIONAL MEASURES
(In thousands, except per capita and operating day amounts)
Quarters Ended December 31,
Years Ended December 31,
2025
2024
2025
2024
Attendance
9,270
10,694
47,388
41,649
Per capita spending (1)
$
66.41
$
61.60
$
61.90
$
61.31
Admissions per capita spending (1)
$
35.32
$
33.70
$
33.41
$
33.70
In-park product per capita spending (1)
$
31.10
$
27.90
$
28.49
$
27.61
Out-of-park revenues (1)
$
51,494
$
47,792
$
255,454
$
232,415
Operating days
779
878
5,738
4,369
(1)
Per capita spending is calculated as revenues generated within the Company's amusement parks and separately gated outdoor water parks along with related parking revenues and online transaction fees charged to customers (in-park revenues), divided by total attendance. Admissions per capita spending is calculated as revenues generated for admission to the Company's amusement parks and separately gated water parks along with related parking revenues and online transaction fees charged to customers (in-park admissions revenues) divided by total attendance. In-park product per capita spending is calculated as all other revenues generated within the Company's amusement parks and separately gated water parks, including food and beverage, merchandise, games and extra-charge offerings (in-park product revenues) divided by total attendance. Out-of-park revenues are defined as revenues from resorts, out-of-park food and merchandise locations, sponsorships, international agreements and all other out-of-park operations.
In-park revenues, per capita spending, in-park admissions revenues, admissions per capita spending, in-park product revenues, in-park product per capita spending, and out-of-park revenues are non-GAAP measures. These metrics are used by management as major factors in significant operational decisions as they are primary drivers of financial and operational performance, measuring demand, pricing, and consumer behavior. A reconciliation of in-park revenues, including in-park admissions revenues and in-park product revenues, and out-of-park revenues to net revenues for the periods presented is in the table below.
Quarters Ended December 31,
Years Ended December 31,
(In thousands)
2025
2024
2025
2024
In-park admissions revenues
$
327,371
$
360,389
$
1,583,339
$
1,403,561
In-park product revenues
288,271
298,331
1,350,144
1,149,925
In-park revenues
615,642
658,720
2,933,483
2,553,486
Out-of-park revenues
51,494
47,792
255,454
232,415
Concessionaire remittances
(17,047
)
(19,202
)
(88,648
)
(76,975
)
Net revenues
$
650,089
$
687,310
$
3,100,289
$
2,708,926
View source version on businesswire.com: https://www.businesswire.com/news/home/20260219434003/en/
Investor Contact: Michael Russell, 419.627.2233
Media Contact: Gary Rhodes, 704.249.6119
https://investors.sixflags.com
Original: Six Flags Entertainment Corporation Reports 2025 Fourth Quarter and Full Year Results
Hot Features
プレミアム
登録してリアルタイムのアラート、カスタムポートフォリオ、市場の動きを入手してください。
wiwineguy
2月前
iHub News
2月前
eastunder
1年前
santafe2
4年前
ValueInvestor15
9年前
robtewms
13年前
メールアドレスで登録
