JAFFER REHAN purchased $9.2M of FUN (indirect holdings)

JAFFER REHAN purchased 1,450,000 indirectly-held shares of Six Flags Entertainment Corporation/NEW (FUN) at an average of $10.30 ($10.00–$10.86, $14.93M total) across 3 trades over 2026-11-06 to 2026-11-10.

Six Flags (FUN) reported Q3 attendance of 18.2 million, with per-capita spending up 1.3% to $60.51. Active pass base grew 7%, accounting for 61% of attendance. Same-park adjusted EBITDA rose 11% to $639.5 million. The company recorded a net loss of $366 million, including a $688 million impairment charge. Six Flags has $1.06 billion in liquidity and is considering park and real estate sales.

Six Flags (FUN) reported a 11% YTD increase in adjusted EBITDA and $300M more free cash flow. Q3 saw 7% passholder growth, but October attendance fell 9% due to weather and safety incidents. Q4 EBITDA is expected to decline. Net leverage is high at 5.8x. The company is considering park sales and investments, including a potential Georgia acquisition.

Stifel reduced its price target for Six Flags (NYSE:FUN) to $15 from $23, citing leverage concerns. The stock has fallen 61% in a year. Six Flags is seeking asset sales to reduce debt. Stifel expects EBITDA growth in 2027 but notes high leverage. Q3 2026 revenue met expectations at $1.17B, but net loss was $3.59 per share, worse than expected.

Six Flags (NYSE:FUN) reported a Q3 net loss of $3.59 per share, missing estimates, with revenue down 11% to $1.17B. Shares rose 5.3% premarket. Same-park revenue and EBITDA increased, but Q4 EBITDA forecast is lower. Capital expenditure guidance was reduced. CEO cited strategic progress.

Six Flags CEO John Reilly addressed a recent fatal rollercoaster incident and ongoing lawsuits during the company's Q3 2026 earnings call. Six Flags reported $1.17B revenue, down 11% YoY, and adjusted EBITDA of $493.2M, down 11.1% YoY. Reilly mentioned potential park sales to reduce debt and unlock value. Shares rose 16% to $9.20 post-earnings.