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Sep 29, 2024
Cedar Fair Q3 2024 Earnings Report
Six Flags' financial performance in Q3 2024 reflected the merger with Cedar Fair, with solid results despite weather-related disruptions, and announced new long-range strategic objectives.
Key Takeaways
Six Flags Entertainment Corporation reported a net revenue of $1.35 billion and a net income of $111 million for the third quarter of 2024, which includes the impact of the merger with Cedar Fair. The company is targeting at least $800 million of annual unlevered pre-tax free cash flow by 2027.
Total operating days were 2,585, with 1,591 contributed by legacy Six Flags.
Net revenues reached $1.35 billion, including $558 million from legacy Six Flags operations.
Net income attributable to the Combined Company totaled $111 million, with $3 million from legacy Six Flags.
Adjusted EBITDA totaled $558 million, including $206 million from legacy Six Flags.
Revenue by Segment
Forward Guidance
Based on the strength of October performance, management now believes the Combined Company is on pace to achieve fourth quarter Adjusted EBITDA of $205-215 million, with actual results dependent on operating conditions and macro factors such as weather.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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