Loading...
•
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.
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
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