earnings
confidence high
sentiment positive
materiality 0.85
Six Flags Q3 revenue $1.35B, Adj EBITDA $558M; targets $800M FCF by 2027
Six Flags Entertainment Corporation/NEW
2024-Q3 EPS reported
$0.49
revenue$2,021,616,000
- Net income $111M ($1.10 diluted EPS); Adj EBITDA $558M includes $206M from legacy Six Flags.
- Attendance 21M guests; October attendance up 20% to 6.5M visits vs combined prior year.
- Targeting at least $800M annual unlevered pre-tax free cash flow by 2027 with >35% Modified EBITDA margins.
- $50M run-rate cost synergies expected by end-2024; $120M total by end-2025.
- Q4 2024 Adj EBITDA guidance $205-215M; net debt $4.72B; $42M Schlitterbahn goodwill impairment.