Six Flags Entertainment falls after missing revenue estimate, CEO's exit plan

Six Flags Entertainment

06/08/2025 15:37

** Amusement-resort operator Six Flags Entertainment's shares FUN.N fall 27.4% to $22.29, lowest in 5 years

** FUN misses Q2 revenue estimates as adverse weather conditions affected attendance and park operations

** Q2 revenue $930 mln vs. analysts' estimate of $987.3 mln, according to data compiled by LSEG

** Co announces that CEO Richard Zimmerman will step down by the end of 2025

** Q2 net loss $99.65 mln, compared with net profit of $33.55 mln a year ago

** "Looking forward, FY25 attendance growth was revised lower to -3% Y/Y ... with management citing a smaller season pass base into 2H and risk of ongoing economic volatility as potential headwinds into H2 2025," analysts at J.P. Morgan say

** Including session moves, stock had fallen 51% YTD

 (Reporting by Aatreyee Dasgupta)

 ((Aatreyee.Dasgupta@thomsonreuters.com))