Six Flags Entertainment Q3 revenue misses estimates on lower spending

Six Flags Entertainment

07/11/2025 11:08

Overview

Six Flags Q3 revenue declines 2% yr/yr, missing analyst expectations

Adjusted EBITDA for Q3 misses estimates, reflecting lower revenues

Net loss of $1.2 bln due to $1.5 bln non-cash impairment charge

Outlook

Company expects full-year 2025 Adjusted EBITDA of $780 mln to $805 mln

Sales of 2026 season passes up 3% from 2025 season passes

Six Flags engaged in branding discussions with Travis Kelce

Result Drivers

ATTENDANCE MIX - Shift towards more season pass holders and fewer single-day visitors led to lower admissions per capita spending

INVESTMENT IN PARKS - Largest parks performed well due to consistent investments in rides and facilities, boosting customer satisfaction and visitation

PROMOTIONAL ACTIVITY - Increased promotions, including bring-a-friend offers, impacted in-park per capita spending

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$1.32 bln
$1.34 bln (11 Analysts)
Q3 Net Income
-$1.16 bln
Q3 Adjusted EBITDA
Miss
$554.69 mln
$581.40 mln (11 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 3 "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 $33.00, about 44.3% above its November 6 closing price of $18.39

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nBw28B8Hba

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)