Six Flags Entertainment Corporation Stock Price, News & Analysis

JANA Partners (investor group) announced on November 13, 2025 that Dave Habiger has de-grouped from the JANA-led investor group that collectively holds an economic interest of approximately 9% in Six Flags Entertainment Corporation (NYSE: FUN). The announcement says Habiger left the group to pursue a complementary opportunity involving Six Flags.

The update only reports the change in group membership and the stated reason for his departure; no transaction, voting change, or shift in ownership percentage was disclosed.

Six Flags Entertainment (NYSE: FUN) will launch holiday events across 14 parks and four resorts beginning Nov. 15, 2025, featuring 25 million lights, seasonal entertainment, themed food, Santa meet-and-greets and limited-time attractions.

Key programs include WinterFest, Holiday in the Park, Knott's Merry Farm and Christmas in the Park with select dates from Nov. 15, 2025 through Jan. 18, 2026. Resorts will offer festive stays and promotional room rates with booking deadlines and park-specific details on each park website.

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.