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/Mis Actual Consensu

s s

Estimate

Q2 Miss $930 mln $987.30

Revenue mln (12

Analysts

)

Q2 Net -$74.83

Income mln

Q2 Miss $242.62 $344.90

Adjusted mln mln (11

EBITDA 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 ( FUN ) 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:

(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.)