Six Flags reported a third quarter 2026 net loss of $366.1 million, heavily impacted by $687.7 million in non-cash impairment charges. Reported net revenues of $1.17 billion missed the $1.45 billion estimate, primarily due to the divestiture of eight parks and a slight decline in single-day visitation. While same-park revenues increased 1.4% on resilient consumer spending, total attendance of 18.2 million fell short of analyst expectations.
Key Highlights
- Reported net loss of $3.59 per diluted share was driven by $687.7 million in non-cash impairments, compared to a $1.19 billion loss in the prior-year quarter.
- Total attendance reached 18.2 million, a same-park decrease of 0.2%, as higher season pass usage was offset by lower single-day ticket sales and wildfire-related disruptions.
- Same-park guest per-capita spending rose 1.3% to $60.51, supported by a 1.7% increase in admissions spending and improved realized pricing.
- The active pass base grew to 7.1 million units at quarter-end, representing a 7.1% same-park increase following the integration of Cedar Fair and Six Flags loyalty programs.
- Management lowered 2026 capital expenditure guidance to a range of $350 million to $375 million, citing the timing of large new ride projects rather than maintenance cuts.