Six Flags Entertainment (FUN) Stock News

Six Flags Entertainment (NYSE: FUN) reported 2025 Q3 results with net revenues of $1.32B (down 2%) and Adjusted EBITDA of $555M (down $3M year-over-year). Attendance was 21.1M guests (up 1%) while in-park per capita spending fell to $59.08 (down 4%). The quarter included a $1.5B non-cash impairment, producing a $1.2B net loss.

Liquidity totaled $763M and net debt was $4.98B. The company updated full-year 2025 Adjusted EBITDA guidance to $780M–$805M. October preliminary results showed attendance down 11% vs. last year (but up 7% vs. 2023 combined), and 2026 season pass sales were +3% with average price +5%.

Six Flags (NYSE: FUN) will release its 2025 third-quarter results on Friday, Nov. 7, 2025. The company said management will host an investor conference call beginning at 8:00 AM EST the same day to discuss third-quarter results and the business outlook.

Management participants will include CEO Richard Zimmerman and CFO Brian Witherow. A live, listen-only audio webcast will be available on the Six Flags investor website under Investor Information > Events & Presentations, and a recorded replay will be posted after the call.

JANA Partners, Travis Kelce, Glenn Murphy, and Dave Habiger disclosed a collective investment in Six Flags Entertainment (NYSE: FUN) on October 21, 2025.

The group owns an economic interest of approximately 9% and JANA said it plans to engage with Six Flags' board and management to explore opportunities to enhance shareholder value and improve the guest experience. JANA Managing Partner Scott Ostfeld disclosed the investment at the 13D Monitor Active-Passive Investor Summit.

Six Flags (NYSE: FUN) appointed Jonathan Brudnick, partner at Sachem Head Capital, to its Board of Directors effective October 17, 2025.

Brudnick will serve as a Class III director through 2027 and join the Board’s Nominating and Corporate Governance Committee. The Board will expand from 12 to 13 directors with 11 independent members; after the announced departures of Selim Bassoul and Daniel J. Hanrahan on December 31, 2025, the Board will reduce to 11 directors, 10 independent. The company entered a cooperation agreement with Sachem Head including customary standstill, voting, and confidentiality commitments; details will be filed on Form 8-K with the SEC.

Six Flags (NYSE: FUN) announced that Executive Chairman Selim Bassoul and Lead Independent Director Daniel J. Hanrahan will step down from the Board effective Dec. 31, 2025. The Board will comprise 10 directors after their departures. Marilyn Spiegel will become non-executive Chair effective Jan. 1, 2026. Bassoul will remain as a consultant to support completion of Six Flags Qiddiya City in Saudi Arabia, which the company expects to open in the first half of 2026. The Board said a CEO search is underway as it transitions leadership post-merger.

Six Flags (NYSE: FUN) announced that Executive Chairman Selim Bassoul and Lead Independent Director Daniel J. Hanrahan will step down from the Board effective Dec. 31, 2025. Following their departures the Board will consist of 10 directors, and Marilyn Spiegel will become non-executive Chair effective Jan. 1, 2026. Bassoul will remain as a consultant to support completion of Six Flags Qiddiya City in Saudi Arabia, which is expected to open later in 2025. The Board said a process to identify the company’s next CEO is underway and reiterated forward-looking risks related to merger integration, construction timing, and market conditions.

Land & Buildings Investment Management, a major shareholder of Six Flags Entertainment Corporation (NYSE: FUN), has issued a public letter proposing a strategy to unlock substantial value through real estate monetization and operational turnaround. The investment firm believes FUN's real estate could attract multiple bidders and potentially sell for up to $6 billion.

The letter highlights that FUN's stock has declined over 50% year-to-date and trades at a 7x EBITDA multiple. Land & Buildings suggests spinning off a FUN REIT or pursuing a sale-leaseback transaction, projecting up to 78% immediate upside based on 2026 consensus estimates, with potential upside of 130% if 2026 EBITDA reaches $1.1 billion.

The firm recommends evaluating real estate sales to buyers like VICI Properties while maintaining focus on park operations and considering accelerated sales of non-core theme parks and land.

Six Flags Over Texas (NYSE:FUN) has unveiled plans for 'Tormenta Rampaging Run,' a groundbreaking roller coaster set to open in 2026. The attraction will break six world records, becoming the world's first giga dive coaster standing 309 feet tall and reaching speeds of 87 mph along its 4,199-foot track.

The coaster will feature the tallest vertical loop at 179 feet, highest Immelmann inversion at 218 feet, and a beyond-vertical 95-degree drop. The attraction will be accompanied by a new Spanish-themed area, Rancho de la Tormenta plaza, and a restaurant called Cocina Abuela, coinciding with the park's 65th anniversary celebration.

Six Flags (NYSE:FUN) reported strong performance through Labor Day weekend, with attendance up 3% in August 2025 compared to the previous year. The company entertained 17.8 million guests over the nine-week period ended August 31, 2025, marking a 2% increase from 2024.

Revenue for the period totaled $1.1 billion, down 2% year-over-year, impacted by a 4% decline in in-park per capita spending. Early sales of 2026 season passes are outpacing last year's figures, with average pass prices up 3%. The company reaffirmed its full-year 2025 Adjusted EBITDA guidance of $860-910 million.