Six Flags Entertainment Corporation

Latest Results (15.05.2026):

Six Flags Entertainment Corporation — first quarter of 2026: The company reported Q1 2026 results with net revenues of $225.6 million (up 12% year-over-year) and attendance of ~2.9 million visits (up 4%). Per-capita spending rose to $69.26 (+6%). Despite top-line gains and a $48 million improvement in Adjusted EBITDA, Six Flags recorded a net loss attributable to the company of $268.6 million for the quarter, reflecting seasonal operating patterns and several non‑operational charges.

Revenue and top-line

Net revenues: $225.6M in Q1 2026, +12% vs Q1 2025 driven by higher attendance, improved ticket mix and stronger in‑park spending (food/merchandise).

Attendance & per-capita

Attendance: 2.9M visits (+4% YoY). Per-capita spending: $69.26 (+6% YoY), with admissions per capita +3% and in-park product per capita +10%.

Profitability metrics

Net loss attributable to Six Flags: $268.6M (Q1 2026 vs $219.7M in Q1 2025). Adjusted EBITDA loss: $123.0M, an improvement of $48M from a $170.8M loss a year earlier.

Costs and operating efficiency

Operating costs and expenses fell $50.4M (≈12% reduction), driven by lower full‑time wages, maintenance and operating supplies; SG&A also declined due to reduced headcount and wages.

Balance sheet & liquidity

Cash and cash equivalents: $116.5M. Total liquidity: $462M (includes revolver availability), up from $241M a year earlier. Reported net debt: $5.27B.

Season pass/membership and YTD trends

Active pass base ~5.0M units (up 6% same‑park basis through May 3, 2026). Year‑to‑date attendance through end of April was up 4% on a same‑park basis; season pass and membership sales were described as solid.

Operating days and seasonal note

Operating days in Q1: 369 vs 393 in Q1 2025 (fewer days partly from removed winter holiday events). Company notes first quarter is seasonally weak and typically runs at a net loss/Adjusted EBITDA loss.

One‑time/other charges and non‑operating items

Q1 included impairment and disposal charges (e.g., $38.6M impairment of goodwill/intangibles; $28.0M loss on disposal group) and interest/financing costs that weighed on net results.

Leadership & outlook

Leadership changes announced: Amy Martin Ziegenfuss named CMO, Christopher Bennett named Chief Legal & Compliance Officer, and Dave Hoffman as interim finance lead. Management highlighted encouraging early Q2 demand and positive early response to pass/product changes heading into summer 2026.