Six Flags Entertainment Corporation reported a net loss of $202.6 million for the three months ended June 28, 2026, compared to a loss of $99.6 million in the same period last year. For the six months, the company recorded a net loss of $471.2 million, up from a loss of $319.4 million in the prior year. Total revenues for the second quarter were $864.9 million, a decrease of 7% from $930.4 million in the same quarter of 2025. The decline in revenue was attributed to a 7.5% drop in attendance, which fell to 13.1 million visitors, and a decrease in out-of-park revenues.
The company experienced a significant reduction in operating days, with 1,615 days in the second quarter of 2026 compared to 1,993 days in the same quarter of 2025. This reduction was primarily due to the closure of certain parks and unfavorable weather conditions. Despite the decrease in attendance, per capita spending increased slightly to $62.89, up from $62.46 in the previous year. The company also reported an operating income of $88.6 million for the quarter, an increase from $74.5 million in the prior year, driven by a reduction in operating costs and expenses.
In terms of strategic developments, Six Flags completed the sale of seven parks to EPR Properties for approximately $331.4 million in cash, which closed in April and May 2026. This transaction is part of the company's ongoing portfolio optimization efforts. The company also recognized a loss of $37.8 million related to the sale, reflecting the difference between the sale price and the net book value of the assets. Additionally, the company recorded a $38.6 million impairment loss on goodwill and other intangibles during the quarter.
Operationally, Six Flags reported a total of 1,984 operating days for the first half of 2026, down from 2,386 days in the same period of 2025. Attendance for the first half of the year was 16.1 million, a decrease of 5.6% compared to the previous year. The company’s total deferred revenue as of June 28, 2026, was $431.1 million, reflecting a decrease of $29.9 million compared to the previous year, primarily due to the non-operational parks. However, deferred revenue at operational parks increased by $8.3 million, driven by higher season pass and membership sales.
Looking ahead, Six Flags aims to enhance profitability and strengthen its balance sheet through strategic cost management and operational improvements. The company plans to simplify its product offerings, optimize pricing, and leverage technology to improve guest communication. Management is focused on generating incremental cash flow from these initiatives while continuing to optimize its portfolio, including the recent sale of parks and the planned sale of the former Bowie, Maryland amusement park property.
About Six Flags Entertainment Corporation/NEW
Six Flags Entertainment Corporation is North America's largest regional amusement park operator, featuring 27 parks, water parks, and resort properties across the U.S., Canada, and Mexico. It offers family-oriented entertainment, rides, attractions, and immersive experiences, generating revenue from admissions, food, merchandise, and accommodations. The company competes in the recreation industry, emphasizing safety, innovation, and licensing of popular characters to attract diverse customer segments.
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