News Six Flags Financials
- Thread starter Phoggy
- Start date
If I understand correctly, yes, SF is saying those parks are losing money, and they don't see that changing any time soon.
Worth noting that SF does not own those parks, just leases the operating license for them. They cannot be sold/closed on SF's whims, though the license can change hands or be cancelled.
I am guessing these are pre-merger stats, but the Mayor of Gurnee made the following comments about Six Flags Great America during the State of the Village address last night.
"In Six Flags around the country they are number one in average attendance. Now they are careful to say that they are not number one in total attendance because they are not open year round, but for the days in which they are open they have the highest attendance.
They also have the best record in terms of profitability in the entire Six Flags chain."
Direct Link to Embedded Media Source
"In Six Flags around the country they are number one in average attendance. Now they are careful to say that they are not number one in total attendance because they are not open year round, but for the days in which they are open they have the highest attendance.
They also have the best record in terms of profitability in the entire Six Flags chain."
Direct Link to Embedded Media Source
Huge loss for the year and EBITDA is terrible. That's why everything is getting stripped down and parks are potentially for sale.
There is not much possibility of revenue growth. Stripping down the parks will not grow revenue. Only short term cost savings.
This company only installs attractions for the same limited market and their assets sit vacant half the year.
This company only installs attractions for the same limited market and their assets sit vacant half the year.
Raising season pass prices more in line with competitors would raise revenue and decrease some costs in attrition. Other revenue raising is going to be challenging without a lot of investment.
I seriously think they need to consider dumping or closing parks that need massive investment to even get to moderate financial performance - SFA, GAdv, Dorney, maybe even MM. Keep the high potential parks that need only moderate investment to drive better performance.
I seriously think they need to consider dumping or closing parks that need massive investment to even get to moderate financial performance - SFA, GAdv, Dorney, maybe even MM. Keep the high potential parks that need only moderate investment to drive better performance.
I think it's important to remember that it takes huge spending on both companies premerger to work through the regulatory process to complete a merger we don't know how much of the reported loss came from one time spending related to that. Before we start screaming the sky is falling maybe give them a year as a mergered company and see where the results are.
The big issue looks to be the combined company debt. It's eating up their income and could be indicative of a potential debt spiral.
Interest payments are eating through their operating income and it got much worse post merger. That's not sustainable long term and they can't simply reissue their debt at better rates. Either revenue needs to increase greatly, which it's hard to see that happening, or they have to cut costs and sell off assets.
Should be an interesting earnings call.
https://www.businesswire.com/news/h...Aug.-6-2025-Earnings-Call-Starts-at-10-AM-EDT
https://www.businesswire.com/news/h...Aug.-6-2025-Earnings-Call-Starts-at-10-AM-EDT
I wouldn't expect them to announce any specific plans like the future of SFA or plans for Great Adventure in an earnings call, stuff like that would normally get it's own press release. Earnings Calls are almost entirely about how the chain is doing financially.
A lot of dull figures and stuff but it should give a nice snapshot of the company's current state and plans to address issues without being to specific. If they address Great Adventure at all it's almost certainly going to be a vague statement like do to several factors were have decided our previously planned 2026 attraction back to a later date.
Nope they are still stet to begin accepting closed bids on the property starting August 1st. Do to all sorts of confidentiality agreements i don't expect that we will hear any more news or leaks on that front till after the park closes and more then likely not until we'll into 2026.
Six Flags earnings calls are my Superbowls