Six Flags Entertainment expects fourth-quarter same-park adjusted EBITDA of approximately $140 to $150 million, versus $166.9 million last year, after October attendance fell 9% due partly to weather and ride closures following the Six Flags Over Georgia incident.
FUN · Six Flags Entertainment Corporation
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Six Flags Entertainment Corporation reported same-park revenue growth of $61.6 million for the nine months ended September 27, 2026, while its net loss narrowed to $837.3 million from $1.51 billion.
Six Flags Entertainment Corporation reported a $366.1 million Q3 net loss including $687.7 million of non-cash impairment charges. Same-park net revenues rose 1.4% to $1.17 billion, and same-park Adjusted EBITDA increased 1.1% to $493.2 million.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Nov 5, 2026TL;DR. Same-park Adjusted EBITDA and margin improved, free cash flow rose by approximately $300 million, the active pass base grew, liquidity strengthened, and capital-spending expectations were reduced. Fourth-quarter Adjusted EBITDA is expected to decline, October attendance fell amid weather and the Georgia incident, the company remains loss-making, and the Georgia partnership may require a substantial cash payout.
- + Nine-month same-park Adjusted EBITDA increased 10.7% to $639.5 million.
- + Nine-month same-park Adjusted EBITDA margin expanded to 28.3% from 26.3%.
- + Nine-month free cash flow improved to $257 million, approximately $300 million better than the prior year.
- + The active pass base increased 7.1% to 7.1 million at September 27, 2026.
- + Quarter-end liquidity was $1.06 billion, while total debt declined by $275.0 million from December 31, 2025.
- + 2026 capital-expenditure guidance was reduced to $350.0 million–$375.0 million from $400.0 million–$425.0 million.
- − Fourth-quarter same-park Adjusted EBITDA is expected to be $140 million–$150 million versus $167 million in the prior-year fourth quarter.
- − October attendance declined 9% from the prior year.
- − The Six Flags Over Georgia incident was fatal and contributed to October's attendance decline.
- − Third-quarter net loss attributable to Six Flags was $366.1 million, including $687.7 million of non-cash impairment charges.
- − The active pass base is expected to be flat to slightly up entering 2027, versus 7.1% growth at the end of the third quarter.
- − A potential payout for the remaining Six Flags Over Georgia partnership units is approximately $370 million.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | 800.99M | Trailing twelve months ended June 28, 2026 | — |
| Admissions per capita spending non-GAAP | $34.56 | Six months ended June 28, 2026 | — |
| Attendance | 16.05M | Six months ended June 28, 2026 | — |
| Cash and cash equivalents | $135M | Q2 FY2026 | — |
| In-park product per capita spending non-GAAP | $29.49 | Six months ended June 28, 2026 | — |
| Modified EBITDA non-GAAP | 850.89M | Trailing twelve months ended June 28, 2026 | — |
| Net debt non-GAAP | $4.9B | Q2 FY2026 | — |
GAAP → non-GAAP reconciliationGAAP Long-term debt, including current maturities 4.99B
+52.47M Plus: Debt issuance costs and original issue discount
-21.98M Less: Acquisition fair value layers
-134.53M Less: Cash and cash equivalents
= Net debt 4.88B
|
|||
| Operating days | 1,984 | Six months ended June 28, 2026 | — |
| Out-of-park revenues non-GAAP | 93.12M | Six months ended June 28, 2026 | — |
| Per capita spending non-GAAP | $64.05 | Six months ended June 28, 2026 | — |
| Total deferred revenue | $431M | Q2 FY2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Leisure — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FUN
this stock
Six Flags Entertainment Corporation
|
$1.18B | -24.7% | +14.4% | — | 27.2% |
|
AS
Amer Sports, Inc.
|
$17.42B | -19.8% | — | — | 2.4% |
|
HAS
Hasbro, Inc.
|
$16.86B | +47.0% | +13.1% | 17.9 | 4.5% |
|
LTH
Life Time Group Holdings, Inc.
|
$10.45B | +75.0% | +14.3% | 25.2 | 4.5% |
|
GWKSY
Games Workshop Group PLC
|
$7.34B | -16.2% | — | — | 0.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 5, 2026
- This year
- 27
Six Flags Entertainment Corporation reported same-park revenue growth of $61.6 million for the nine months ended September 27, 2026, while its net loss narrowed to $837.3 million from $1.51 billion.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FUN | +15.5% | +42.4% | -42.5% | +54.4% | -24.7% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +12.9% | +43.6% | -43.0% | +54.6% | -35.3% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.