03:29 PM EDT, 09/12/2025 (MT Newswires) -- Six Flags Entertainment ( FUN ) Q3 performance is tracking in line with expectations, offering some reassurance after a weather-impacted Q2 and a major full-year guidance cut, Truist Securities said in a note Friday.

The comments followed the company's update that revenue for the nine weeks through Aug. 31 fell 2% year over year to about $1.1 billion, while attendance rose 2% to 17.8 million guests. Six Flags also reaffirmed its full-year adjusted EBITDA outlook of $860 million to $910 million.

Truist said attendance trends are ahead of expectations, but per-guest spending on admissions and in-park items remains soft, leaving revenue under pressure even with better weather. The brokerage added that low investor expectations mean today's update does not point to another miss in the second half.

Looking ahead, the brokerage highlighted strong early 2026 season pass sales, with average prices up 3%, as a positive sign for next year.

The firm maintained its hold rating on the stock with a $27 price target.

Shares of the company were up 9.1% in recent trading.

Price: 23.75, Change: +1.99, Percent Change: +9.15