Loading...
•
Mar 31
Cedar Fair Q1 2025 Earnings Report
Six Flags Entertainment Corporation reported its first quarter 2025 results, reflecting the impact of the merger with Cedar Fair and a solid start to the second quarter despite weather challenges.
Key Takeaways
Six Flags Entertainment Corporation announced its first quarter 2025 results, with net revenues totaling $202 million and a net loss of $220 million. The results were significantly impacted by the merger with legacy Cedar Fair, which closed on July 1, 2024, and the seasonal nature of the business, with most parks closed during the quarter. Despite weather challenges, the combined company saw a 1% increase in attendance in April.
Net revenues for Q1 2025 totaled $202 million, with $111 million contributed by legacy Six Flags operations.
The company reported a net loss of $220 million, or $2.20 per diluted share, for Q1 2025.
Adjusted EBITDA loss for the quarter was $171 million, a $74 million higher loss compared to the prior year.
Attendance for the five-week period ended May 4, 2025, increased by over 1% compared to the combined attendance for the same period in 2024.
Cedar Fair
Cedar Fair
Cedar Fair Revenue by Segment
Revenue by Segment
Admissions Revenue
CapyFin.comFood, Merchandise & Games Revenue
CapyFin.comAccommodations & Other Revenue
CapyFin.com Forward Guidance
Six Flags is maintaining its full-year Adjusted EBITDA guidance range for 2025, confident in its operating plan to drive growth through an optimized cost structure and compelling capital program, while proactively addressing macroeconomic uncertainty.
Positive Outlook
- Maintaining full-year Adjusted EBITDA guidance range for 2025.
- Operating plan built around an optimized cost structure.
- Aggressively driving growth through a compelling capital program.
- Positioned to attract guests heading into the peak season.
- Confident in navigating uncertain macro environments due to merger positioning.
Challenges Ahead
- Start to 2025 was shaped by calendar timing shifts.
- Impacted by weather variability.
- Affected by near-term economic uncertainty.
- Later timing of Easter and Spring Break holidays impacted Q1 results.
- Strategic changes in key events, like the Boysenberry Festival, shifted revenue to Q2.
Revenue & Expenses
Visualization of income flow from segment revenue to net income