Six Flags Entertainment Corporation ( (FUN) ) has released its Q4 earnings. Here is a breakdown of the information Six Flags Entertainment Corporation presented to its investors.
Six Flags Entertainment Corporation is the largest regional amusement park operator in North America, known for its 27 amusement parks, 15 water parks, and nine resort properties across the U.S., Canada, and Mexico, offering a variety of thrilling experiences and attractions.
In its latest earnings report, Six Flags Entertainment Corporation announced its financial results for the fourth quarter of 2024, following a merger with Cedar Fair. The company also provided guidance for its Adjusted EBITDA for 2025, targeting between $1.08 billion and $1.12 billion.
The fourth quarter of 2024 saw significant financial changes due to the merger, with net revenues increasing to $687 million, driven by a rise in attendance and in-park spending. Despite these gains, the company reported a net loss of $264 million, attributed to increased operating costs and expenses. Adjusted EBITDA rose to $209 million, reflecting the merger’s impact and operational efficiencies.
Looking ahead, Six Flags is optimistic about 2025, focusing on enhancing guest experiences and operational efficiencies. The company aims to achieve further cost synergies from the merger and increase attendance and guest spending, supported by new rides and attractions across its largest locations.
Overall, Six Flags is committed to leveraging the merger’s benefits and driving growth, with strategic initiatives aimed at maximizing its operational potential and delivering value to shareholders.