Six Flags Entertainment  Q2 revenue misses estimates, CEO to step down

Six Flags Entertainment

06/08/2025 11:13

Overview

Six Flags Q2 revenue misses expectations at $930 mln, per LSEG data

Adjusted EBITDA for Q2 misses analyst expectations, per LSEG data

Company attributes Q2 underperformance to adverse weather impacting attendance

Company says CEO Richard A. Zimmerman will step down by the end of 2025

Outlook

Six Flags expects 2025 Adjusted EBITDA between $860 mln and $910 mln

Company anticipates flat attendance in second half of 2025

Six Flags sees in-park per capita spending down 3% in second half

Company notes smaller 2025 season pass base as demand headwind

Result Drivers

WEATHER IMPACT - Adverse weather conditions significantly affected attendance and park operations, contributing to Q2 underperformance

ATTENDANCE DROP - Lower attendance reflects a drop in single-day ticket sales, fewer sales of season passes and memberships, and lower renewal rates on season passes

ASSET DIVESTITURE - Company is evaluating the sale of non-core assets to accelerate deleveraging efforts

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$930 mln
$987.30 mln (12 Analysts)
Q2 Net Income
-$74.83 mln
Q2 Adjusted EBITDA
Miss
$242.62 mln
$344.90 mln (11 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the leisure & recreation peer group is "buy"

Wall Street's median 12-month price target for Six Flags Entertainment Corp is $43.00, about 28.6% above its August 5 closing price of $30.70

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nBw2NRWva

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)