NYSE$FUN
Six Flags Entertainment Corp · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
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.
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.
Headline financials
Revenue & EPS history
Cedar Fair · Revenue · Quarterly
$1.35B
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
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.
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 Q3 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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