NYSE$FUN
Six Flags Entertainment Corp · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported pre-merger results for legacy Cedar Fair and legacy Six Flags, highlighting record revenues and attendance for Cedar Fair and strategic initiatives to improve guest experience.
Six Flags Entertainment Corporation announced the second quarter results for legacy Cedar Fair and legacy Six Flags. Legacy Cedar Fair experienced record revenues and attendance, while legacy Six Flags saw a slight decrease in revenue but an increase in net income. The merger integration is proceeding well, with early initiatives focused on enhancing the guest experience and ensuring consistency across park operations.
- Legacy Cedar Fair reported record net revenues of $572 million, up 14%, and record attendance of 8.6 million guests, up 17%.
- Legacy Cedar Fair Adjusted EBITDA increased by 36% to $205 million, with an Adjusted EBITDA Margin of 35.9%.
- Legacy Six Flags reported total revenue of $438 million, a decrease of 1%, but net income increased by 66% to $34 million.
- Legacy Six Flags Adjusted EBITDA was $138 million, a decrease of 14%, with a Modified EBITDA Margin of 36.9%.
Headline financials
Revenue & EPS history
Cedar Fair · Revenue · Quarterly
$572M
Revenue by segment
Cedar Fair · $102M total across 3 segments · Q1 2024
- Admissions$47.4M—46.6%
- Food, Merchandise & Games$38.9M—38.2%
- Accommodations & Other$15.4M—15.1%
Forward guidance
Difficult weather conditions have impacted demand at several parks since the end of the second quarter. However, the company remains pleased with the broader attendance trends, supported by robust season pass sales programs and strong group bookings. The underlying demand for the entertainment value of the parks remains strong, which positions the company well for the balance of 2024 and beyond.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+1.0%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+0.9%
Avg return
30 days after
52%
33 / 64 earnings
Positive
+12.3%
Q1 2026
Best reaction
-10.3%
Q2 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +12.3% | -4.1% | +5.2% | |
| Q4 2025 | +9.0% | +2.7% | +0.2% | |
| Q3 2025 | -1.0% | -12.2% | -15.0% | |
| Q1 2025 | -0.1% | +2.9% | -7.9% | |
| Q4 2024 | -5.7% | -12.1% | -23.0% | |
| Q3 2024 | +7.1% | +7.6% | +11.1% | |
| Q2 2024 | -0.2% | -1.5% | -3.7% | |
| Q1 2024 | +9.2% | +9.6% | +7.1% | |
| Q4 2023 | +2.8% | -1.8% | +4.0% | |
| Q3 2023 | +2.0% | +2.4% | +4.6% | |
| Q2 2023 | +11.6% | +3.5% | +8.3% | |
| Q1 2023 | -0.2% | +2.6% | +10.3% | |
| Q4 2022 | +4.0% | +3.7% | +1.3% | |
| Q3 2022 | -3.4% | -4.3% | -1.8% | |
| Q2 2022 | +1.4% | +5.0% | +2.8% | |
| Q1 2022 | -2.4% | -8.2% | -11.2% | |
| Q4 2021 | -7.2% | -8.6% | -9.3% | |
| Q3 2021 | +0.9% | +1.2% | -2.1% | |
| Q2 2021 | +6.3% | +3.4% | +5.4% | |
| Q1 2021 | -2.4% | -5.3% | -7.4% | |
| Q4 2020 | +4.8% | +10.1% | +12.9% | |
| Q3 2020 | +4.6% | +31.3% | +41.7% | |
| Q2 2020 | +2.1% | +7.7% | +15.4% | |
| Q1 2020 | -6.4% | +0.5% | +37.8% | |
| Q4 2019 | -1.1% | -7.2% | -66.2% | |
| Q3 2019 | +0.1% | +1.5% | -3.5% | |
| Q2 2019 | +4.5% | +4.7% | +15.3% | |
| Q1 2019 | -0.5% | -3.1% | -10.1% | |
| Q4 2018 | -2.1% | -3.6% | +4.0% | |
| Q3 2018 | -0.1% | +0.7% | +5.7% | |
| Q2 2018 | -10.3% | -8.9% | -7.0% | |
| Q1 2018 | -0.3% | -0.4% | -1.3% | |
| Q4 2017 | +2.8% | +3.0% | -0.1% | |
| Q3 2017 | +5.0% | +4.5% | +5.5% | |
| Q2 2017 | -5.5% | -4.1% | -3.3% | |
| Q1 2017 | -3.3% | -3.1% | -1.6% | |
| Q4 2016 | +4.1% | +4.0% | +6.5% | |
| Q3 2016 | +4.1% | +5.0% | +6.0% | |
| Q2 2016 | +3.0% | +4.1% | -0.5% | |
| Q1 2016 | +2.0% | — | — | |
| Q4 2015 | +7.0% | — | — | |
| Q3 2015 | +3.6% | — | — | |
| Q2 2015 | +5.7% | — | — | |
| Q1 2015 | -2.7% | — | — | |
| Q4 2014 | +1.5% | — | — | |
| Q3 2014 | -0.3% | — | — | |
| Q2 2014 | -0.2% | — | — | |
| Q1 2014 | -1.2% | — | — | |
| Q4 2013 | -1.1% | — | — | |
| Q3 2013 | +3.3% | — | — | |
| Q2 2013 | +2.0% | — | — | |
| Q1 2013 | +0.8% | — | — | |
| Q4 2012 | -1.7% | — | — | |
| Q3 2012 | -1.3% | — | — | |
| Q2 2012 | -0.4% | — | — | |
| Q1 2012 | -5.8% | — | — | |
| Q4 2011 | -0.5% | — | — | |
| Q3 2011 | +2.4% | — | — | |
| Q2 2011 | -1.0% | — | — | |
| Q1 2011 | +5.6% | — | — | |
| Q4 2010 | +0.7% | — | — | |
| Q3 2010 | +3.4% | — | — | |
| Q2 2010 | -1.3% | — | — | |
| Q1 2010 | -3.9% | — | — |
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