Six Flags posts Q3 loss but shares rise on upbeat Q4 guidance and safety review
Six Flags Entertainment reported a third‑quarter net loss of $3.59 per share on revenue of $1.17 billion, with same‑park revenue up 1.4% year over year. Adjusted EBITDA on a same‑park basis was $493.2 million, and the company forecast fourth‑quarter same‑park EBITDA of $140 million‑$150 million while cutting 2026 capital‑expenditure guidance to $350 million‑$375 million. Management also announced a comprehensive safety review after a fatal incident at Six Flags Over Georgia and noted a 7% growth in its active passholder base.
Why it matters
The lower Q4 EBITDA outlook and reduced capex guidance signal slower near‑term earnings growth, which may pressure cash flow and leverage (5.8x net debt/EBITDA). The safety review and recent incident could affect attendance, as October attendance fell 9% according to the call.
Key facts
- 1Net loss per diluted share was -$3.59 for Q3 ended September 27, 2026. investing.com
- 2Revenue was $1.17 billion, down 11.0% on a reported basis. investing.com
- 3Same‑park revenue increased 1.4% versus the prior‑year quarter. investing.com
- 4Adjusted EBITDA on a same‑park basis was $493.2 million, up 1.1% year over year. investing.com
- 5Fourth‑quarter same‑park adjusted EBITDA is projected between $140 million and $150 million. investing.com
- 62026 capital‑expenditure guidance was reduced to $350.0 million‑$375.0 million. investing.com
Open questions
- Material 2 reports same‑park adjusted EBITDA of $493.2 million, while material 7 reports same‑park adjusted EBITDA of $639.5 million, a conflict on the same metric and basis.
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.