earnings
confidence high
sentiment neutral
materiality 0.75
Legacy Cedar Fair Q2 record revenue $572M, legacy Six Flags revenue $438M; combined July attendance down 3%
Six Flags Entertainment Corporation/NEW
2024-06-30 EPS reported
-$0.58
revenue$673,231,000
- Legacy Cedar Fair: net revenues $572M (record, +14%), attendance 8.6M (+17%), Adjusted EBITDA $205M (+36%).
- Legacy Six Flags: revenue $438M (-1%), attendance 6.9M (-2%), Adjusted EBITDA $138M (-14%).
- Combined July 5-week attendance 10.9M, down 3% vs prior year due to weather/incidents; ex-4 parks down 1%.
- Merger integration proceeding; early initiatives implemented to improve guest experience.
- Legacy Cedar Fair net income $56M ($1.08 diluted); legacy Six Flags net income $34M ($0.40 per share).