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Six Flags Entertainment Corporation — Q3 2026 Earnings Summary

  • Q3 net revenues declined 11.0% reported (up 1.4% same-park) to $1.173 billion; net loss narrowed to $366.1 million from $1.19 billion prior year, driven by lower non-cash impairment charges ($687.7M vs $1.52B), while Adjusted EBITDA fell 11.1% reported but rose 1.1% same-park to $493.2 million.
  • Fourth quarter 2026 same-park Adjusted EBITDA guidance lowered to $140–150 million (vs. $167 million prior year) due to softer October results from weather and ride closures, though 60 additional operating days are expected versus the prior year.
  • Capital expenditure guidance for 2026 reduced to $350–375 million from $400–425 million due to ride project timing; total debt decreased $275 million to $4.91 billion, with liquidity at $1.06 billion and no revolver borrowings.
  • Year-to-date attendance rose 1.5% same-park to 34.2 million, with active passholders increasing 7.1% to 7.1 million, while management forecasts 2027 pass membership to grow low single digits flat to slightly up.
Company
SIX FLAGS ENTERTAINMENT CORPORATION
Sector
Consumer Cyclical
Industry
Leisure