Six Flags Entertainment Corporation Stock Price, News & Analysis

Carowinds' Camp Snoopy is set for a major expansion in 2025, featuring two new family-friendly attractions: Snoopy's Racing Railway, a family launch roller coaster, and Charlie Brown's River Raft Blast, an interactive raft ride. This historic investment also includes new splash play zones and a character meet-and-greet experience. The expansion aims to enhance family fun and create memorable experiences.

Snoopy's Racing Railway will accelerate from 0 to 31 mph, offering an exhilarating ride for all ages. Charlie Brown's River Raft Blast will feature water cannons for interactive fun. New splash play zones will provide cooling areas, while the remodeled Camp Store will host character interactions. These additions are designed to transform Camp Snoopy into a must-visit family destination.

Six Flags Entertainment (NYSE: FUN) reported Q2 2024 results for legacy Cedar Fair and legacy Six Flags, following their merger on July 1, 2024. Legacy Cedar Fair saw record net revenues of $572 million (+14% YoY) and attendance of 8.6 million guests (+17% YoY). Net income was $56 million (+4% YoY) with a 9.7% margin. Legacy Six Flags reported total revenue of $438 million (-1% YoY) and attendance of 6.9 million guests (-2% YoY). Net income attributable to legacy Six Flags was $34 million (+66% YoY) with a 7.8% margin.

The merger integration is progressing well, with early strategic initiatives implemented to improve guest experience and provide consistency across park operations. However, difficult weather conditions in July have impacted demand at several parks, with combined attendance down 3% over a five-week period post-Q2.

Carowinds' Camp Snoopy is set for a major expansion in 2025, marking the largest investment in family attractions in the park's history. The upgrade includes two new family-friendly attractions: Snoopy's Racing Railway, a steel launch coaster accelerating from 0 to 31 mph, and Charlie Brown's River Raft Blast, an interactive raft ride with water cannons. The expansion also features new splash play zones and a character meet-and-greet experience.

Manny Gonzalez, VP and GM of Carowinds, emphasized the focus on family fun and creating memories. The park is offering 2025 Gold Season Passes for unlimited access to Camp Snoopy and other park attractions for the rest of 2024 and all of 2025, including seasonal events and various perks.

Six Flags Entertainment (NYSE: FUN) has announced that former Cedar Fair, L.P. unitholders can now access 2023 Schedule K-3 tax forms through the Six Flags investors website and the K-1 Tax Package Support webpage. These forms reflect items of international relevance and may be necessary for specific reporting requirements, particularly for foreign unitholders and those computing foreign tax credits. Support is available via phone for additional information.

Six Flags is North America's largest regional amusement-resort operator, with 27 amusement parks, 15 water parks, and 9 resort properties across 17 states in the U.S., Canada, and Mexico. The company focuses on providing fun, immersive experiences to millions of guests annually, featuring world-class coasters, themed rides, and popular intellectual properties like Looney Tunes®, DC Comics®, and PEANUTS®.

Kings Dominion, a central Virginia amusement park, has announced the launch of Rapterra, the world's tallest and longest launched wing coaster, as part of its 50th anniversary celebration in 2025. Standing 145 feet tall and 3,086 feet long, Rapterra will offer riders a thrilling 89-second experience with a top speed of 65 miles per hour. The coaster, manufactured by Bolliger and Mabillard, features three inversions and unique elements like a dive loop, S-turn, and 360-degree raptor roll.

Construction is already underway, with completion expected this fall. To coincide with the announcement, Kings Dominion has launched its 2025 Gold Season Pass, offering unlimited visits for the remainder of 2024 and all of 2025, including access to special events like the Food and Wine Festival, Halloween Haunt, and WinterFest.

Six Flags Entertainment (NYSE: FUN) has eliminated the guest surcharge fee on in-park food, beverage, and retail purchases at participating legacy Six Flags parks. This decision comes after the completion of the merger between Cedar Fair Entertainment Company and former Six Flags Entertainment on July 1. The surcharge, which was implemented earlier this year due to increased labor and supply costs, was a frequent target of criticism from guests.

Tim Fisher, chief operating officer of the new Six Flags, stated that this move demonstrates the company's commitment to listening to guest feedback, enhancing guest satisfaction, improving value proposition, and ensuring families can enjoy a memorable day filled with fun and entertainment. Two legacy Six Flags parks in California had already eliminated the surcharge fee prior to the merger, in anticipation of a change in state law.

Six Flags Entertainment (NYSE: FUN) has announced it will release its 2024 second-quarter pre-merger financial results for legacy Cedar Fair, L.P. and legacy Six Flags Entertainment before the market opens on Thursday, August 8, 2024. The company will host a conference call at 10 a.m. EDT to discuss the results and business outlook with investors and analysts.

CEO Richard Zimmerman and CFO Brian Witherow will lead the call. Interested parties can access a live audio webcast on the Six Flags investor website. A recorded version will be available shortly after the call concludes for those unable to attend the live event.

Six Flags Entertainment (NYSE: FUN) announced the successful merger with Cedar Fair, forming the largest amusement park operator in North America. The merger, effective July 1, 2024, unites Cedar Fair and former Six Flags under the name Six Flags Entertainment

Starting July 2, 2024, the company's common stock will trade on the NYSE under the ticker symbol 'FUN'. Cedar Fair unitholders received one share in the new entity per unit owned, while former Six Flags shareholders received 0.5800 shares per original share. The merger aims to leverage combined assets and intellectual property, enhancing park offerings and performance. The merger is expected to generate strong cash flow, driving investments in parks for better guest experiences and increased spending.

Cedar Fair and Six Flags have announced the satisfaction of regulatory conditions for their previously announced merger of equals. The merger is expected to close on July 1, 2024. Following the closing, the combined entity will be renamed Six Flags Entertainment and will begin trading on the NYSE under the ticker symbol 'FUN' on July 2, 2024. Six Flags President and CEO Selim Bassoul will serve as executive chairman of the combined company's Board of Directors, while Cedar Fair President and CEO Richard Zimmerman will continue in his role. The merger aims to leverage Cedar Fair's reputation for guest experiences and Six Flags' innovative attractions, with an anticipated pro-forma enterprise value of approximately $8 billion.