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/Mis Actual Consensu

s s

Estimate

Q3 Miss $1.32 $1.34

Revenue bln bln (11

Analysts

)

Q3 Net -$1.16

Income bln

Q3 Miss $554.69 $581.40

Adjusted mln mln (11

EBITDA 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 ( FUN ) 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:

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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.)