Six Flags Q4 revenue beats estimates on higher visitor spending

Six Flags Entertainment

19/02/2026 11:09

Overview

Amusement park operator's Q4 revenue beat analyst expectations despite a 5% yr/yr decline

Adjusted EBITDA for Q4 beat consensus, despite a decline in attendance

Company faced a 13% drop in Q4 attendance, partly due to weather and fewer operating days

Outlook

Six Flags plans heavy investment in family-oriented attractions and food upgrades in 2026

Company aims to reduce leverage and improve financial flexibility

Result Drivers

ATTENDANCE DECLINE - Attendance fell 13% due to canceled winter events, more weather closures, and a smaller season pass base

PER CAPITA SPENDING - Per capita spending rose 8% due to increased spending on food, beverages, and premium experiences

HIGHER SG&A EXPENSES - SG&A expenses increased due to higher wage and technology costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$650 mln
$602.75 mln (13 Analysts)
Q4 Net Income
-$92.38 mln
Q4 Adjusted EBITDA
Beat
$165.49 mln
$157.34 mln (13 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 5 "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 $25.00, about 54.1% above its February 18 closing price of $16.22

The stock recently traded at 115 times the next 12-month earnings vs. a P/E of 33 three months ago

Press Release: ID:nBw3zH0Xwa

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(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.)