Six Flags Q3 revenue slightly beats estimates on higher spending

Overview

• US amusement park operator's Q3 revenue slightly beat analyst expectations, up 1.4% same-park

• Q3 adjusted EBITDA beat analyst estimates, rising 1.1% on a same-park basis

• Company posted Q3 net loss of $366.1 mln, driven by non-cash impairment charges

Outlook

• Six Flags expects Q4 2026 same-park Adjusted EBITDA of $140 mln to $150 mln

• Company expects about 60 more operating days in Q4 2026 versus last year

• Company says October was softer than planned due to weather and ride closures

Result Drivers

• HIGHER PER CAPITA SPENDING AND OPERATING DAYS - Co said same-park revenue growth was driven by increased per capita spending, more operating days, and higher out-of-park revenues, partly offset by a slight drop in attendance

• PASSHOLDER VISITATION - Increased season pass and membership visits helped attendance, but were offset by lower single-day visits and fewer complimentary tickets; some parks affected by air quality issues

• COST PRESSURES AND SAVINGS - Higher operating expenses from wages, supplies, and insurance were partly offset by lower administrative costs

Company press release:

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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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.)