Six Flags Entertainment has released its Q4 earnings, following its merger with Cedar Fair.
The largest regional amusement park operator in North America saw net revenues increase to $687m, of which $324m relates to the legacy Six Flags operations added in the merger.
The company reported a net loss of $264m, while adjusted EBITDA rose to $209m, reflecting the merger’s impact and operational efficiencies.
The company also provided guidance for its Adjusted EBITDA for 2025, targeting between $1.08 billion and $1.12 billion.
Attendance totalled 10.7 million guests, five million of whom attended legacy Six Flags parks added in the merger.
Richard A. Zimmerman, Six Flags president and chief executive, said the company’s strong fourth-quarter results reflect an outstanding October performance and the incredible popularity of its fall and Halloween themed events.
“We ended the year as the new Six Flags on a high note, delivering on our goal of improving demand and increasing in-park guest spending levels, while operating our parks more efficiently,” Mr Zimmerman said. “We successfully achieved more than $50 million in gross cost synergies and drove meaningful improvement in guest satisfaction scores and higher guest demand.”
Looking ahead to the 2025 season, Mr Zimmerman said: “In 2025, we are building on the momentum we established over the second half of 2024 on both the revenue and cost fronts. We are making progress toward realizing the remaining $70 million in anticipated cost synergies from the merger, representing a targeted 4% reduction in operating costs and expenses, while advancing strategic initiatives to drive attendance and guest spending levels higher.
“We are seeing solid early demand trends, as evidenced by a 2% increase in attendance over the first two fiscal months of 2025 compared to combined attendance of the two legacy companies in the prior year period, as well as a 3% increase in combined season pass unit sales over that same period.”
