Cedar Fair Q4 2024 Earnings Report
Key Takeaways
Six Flags delivered a solid Q4 2024 performance with revenue of $687 million, a significant increase due to the merger with legacy Cedar Fair. The company reported a net loss of $264 million, primarily due to merger-related costs and tax provisions. Adjusted EBITDA reached $209 million, reflecting operational efficiency and cost synergies.
Q4 2024 revenue increased to $687 million, driven by the merger and higher in-park spending.
Attendance surged to 10.7 million guests, with 5 million from legacy Six Flags parks.
Adjusted EBITDA improved to $209 million, reflecting cost synergies and operational efficiency.
Net loss of $264 million due to merger-related expenses and tax provisions.
Cedar Fair Revenue
Cedar Fair EPS
Cedar Fair Revenue by Segment
Forward Guidance
Six Flags is targeting Adjusted EBITDA of $1.08 billion to $1.12 billion for 2025, leveraging cost synergies and increased attendance.
Positive Outlook
- Targeting $1.08 billion to $1.12 billion in Adjusted EBITDA for 2025.
- Projected 4% reduction in operating costs through additional synergies.
- Strong early demand trends with a 2% attendance increase in 2025.
- 3% increase in season pass unit sales compared to last year.
- New attractions planned at 11 of the 14 largest parks to drive guest demand.
Challenges Ahead
- Higher tax provision due to internal restructuring impacts earnings.
- Integration costs from the merger will continue to affect margins.
- Debt-related interest expenses increased post-merger.
- Potential economic headwinds could impact discretionary spending.
- Weather-related disruptions remain an operational risk.
Revenue & Expenses
Visualization of income flow from segment revenue to net income