Six Flags posts stronger same-park Q2 results as attendance rises 4%

Six Flags Entertainment Corporation reported improved second-quarter performance across its current operating portfolio, with same-park attendance, revenue and Adjusted EBITDA all rising after the company streamlined its park base. For the quarter ended June 28, 2026, same-park net revenue increased to $864 million from $844 million a year earlier, while same-park Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization, as adjusted) climbed to $249 million from $233 million. Same-park attendance rose 4% to 13.1 million visits, supported by stronger season-pass visitation, including a 10% increase in season-pass visits. On a reported basis, which includes the effect of parks sold or closed since last year, net revenue fell 7% to $865 million from $930 million, attendance declined 7% to 13.1 million visits from 14.2 million, and Adjusted EBITDA was unchanged at $243 million. Net loss attributable to Six Flags Entertainment Corporation widened to $203 million on a reported basis from $100 million a year earlier, and to $194 million on a same-park basis from $87 million. The company said the stronger same-park showing reflected higher attendance, ongoing strength in food and extra-charge spending per visit, and disciplined cost control. Same-park per capita spending slipped 1% to $62.88 from $63.38, mainly because expanded season-pass benefits and greater cross-park visitation weighed on admissions per capita spending, partly offset by stronger spending on food, extra-charge attractions and other in-park offerings. Paid admission pricing remained stable year over year, while guests continued to trade up to higher-tier pass products. Management said season-to-date pass sales increased 7% and the active pass base rose 6% on a same-park basis, giving the company greater visibility into demand for the peak season. Membership expansion also continued, with the membership model extended to six additional parks in June 2026 and member counts beyond the initial 12-month term exceeding the prior-year level at a higher average price. Six Flags said it completed the divestiture of seven non-core parks sold to EPR Properties before the 2026 operating season and discontinued operations at a combined amusement and water park in Bowie, Maryland, after the 2025 season. The company said that narrower portfolio is intended to focus management and capital on parks with the highest returns. Balance-sheet metrics also improved. As of June 28, 2026, cash and cash equivalents stood at $135 million, total liquidity at $837 million including $703 million available under the revolving credit facility (a backup corporate borrowing line), and net debt at $4.9 billion. Total deferred revenue was $431 million, down $30 million on a reported basis but up $8 million, or 2%, on a same-park basis, supported by membership growth and advance sales. CEO John Reilly said the results and leading indicators increased confidence in the company’s operating priorities, while cautioning that more work remains.