Q3 2025 Six Flags Entertainment Corp Earnings Call Transcript
Key Points
- Six Flags Entertainment Corp (FUN) experienced year-over-year attendance growth during the critical third quarter.
- The company is making meaningful progress on integration efforts, which is expected to lay the foundation for future success.
- Outperforming parks, representing approximately 70% of property-level EBITDA, have continued to perform well, with some on track for record performances.
- The company has launched a new unified website and is transitioning to a single ticketing platform, which is expected to enhance operational efficiency.
- Six Flags Entertainment Corp (FUN) is engaging with JANA Partners and Travis Kelce, which has generated significant consumer interest and confidence in the brand.
- The company's performance in 2025 has fallen short of expectations, with softer-than-expected demand in September impacting third-quarter EBITDA.
- Attendance in September declined approximately 5%, resulting in a 5% decline in net revenues for the month compared to the prior year.
- Underperforming parks, representing roughly 30% of property-level EBITDA, have not responded well to initiatives, leading to lower attendance and increased operating expenses.
- The company is revising its full-year outlook, now expecting to deliver full-year adjusted EBITDA of $780 million to $805 million, down from previous expectations.
- October attendance declined 11% compared to the previous year, and the company faces challenges in achieving its October goals due to a pullback in advertising spend and difficult comparisons to last year's performance.
Thank you for standing by. My name is Carlie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Six Flags Entertainment Corporation 2025 third-quarter earnings call. (Operator Instructions)
Thank you. I'd now like to turn the call over to Six Flags Management. Please go ahead.
Thank you, Carlie, and good morning, everyone. My name is Michael Russell, Corporate Director of Investor Relations for Six Flags. Welcome to today's earnings call to review Six Flags Entertainment Corporation's 2025 third quarter financial results. Earlier this morning, we distributed the via wire service our earnings press release. A copy of which is also available under the News tab of our Investor Relations website at investors.sixflags.com. We have also posted a presentation deck that can be accessed either on the webcast page for today's call or on our IR website presentation page.
The slides offer supplemental information
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
