Six Flags Entertainment Corporation - FUN STOCK NEWS

Six Flags Entertainment (NYSE: FUN) reported Q3 2024 financial results following its merger with Cedar Fair on July 1, 2024. The company posted net revenues of $1.35 billion, with $558 million from legacy Six Flags operations. Net income totaled $111 million, with attendance reaching 21.0 million guests. Despite weather-related disruptions, October performance showed strong momentum with a 20% attendance increase. The company announced new strategic objectives targeting $800 million in annual unlevered pre-tax free cash flow by 2027, aiming to increase attendance to over 55 million guests and expand Modified EBITDA margins above 35%.

Six Flags Entertainment (NYSE: FUN), North America's largest regional amusement park operator, has announced it will release its 2024 third-quarter financial results on Wednesday, November 6, 2024. The company will host a conference call with the investment community at 10 a.m. EST on the same day to discuss the results and provide insights into the company's business outlook.

The call will feature CEO Richard Zimmerman and CFO Brian Witherow. Investors and interested parties can access a live, listen-only audio webcast of the call on the Six Flags investor website. For those unable to attend the live webcast, a recorded version will be available on the investor website shortly after the call concludes.

Six Flags Entertainment (NYSE: FUN) has won two prestigious Golden Ticket Awards for 2024. Schlitterbahn Waterpark Resort in New Braunfels, Texas, was named the "World's Best Water Park" for the 26th time, while Carowinds' Fury 325 was recognized as the "Best Steel Coaster" for the ninth time. The awards, presented by Amusement Today, acknowledge excellence in the amusement park industry.

A total of 28 rides, attractions, and events across Six Flags' park network were honored. Notable mentions include multiple Cedar Point coasters in the top 20 steel coasters, Kings Island's wooden coasters, and Six Flags Great Escape's new attraction, The Bobcat. The company's commitment to guest experience was also highlighted, with Kings Island ranking 5th in Best Guest Experience.

Carowinds has unveiled an exciting lineup of fall events for 2024, including the debut of Tricks and Treats and Oktoberfest, alongside the return of SCarowinds. For the first time, all three events will be included with a single park admission ticket, offering guests unprecedented value. SCarowinds, running select nights from Sept. 13 to Oct. 27, features four scare zones, five mazes, and four shows. The new family-friendly Tricks and Treats event runs weekends from Sept. 14 to Oct. 27, offering Halloween activities, live entertainment, and a parade. Oktoberfest, held weekends from Sept. 14 to Nov. 2, brings German food, beer, and entertainment to the park. Carowinds is also offering a 2025 Gold Season Pass for unlimited access to these events and more.

Six Flags Entertainment (NYSE: FUN) has announced an exciting lineup of park investments for 2025, including seven new roller coasters and an expanded roster of seasonal events. The company is introducing an All Park Passport Add-On for Gold and Prestige Passholders and Members, offering unlimited admission and parking to all 42 Six Flags amusement and water parks.

Highlights for 2025 include:

• Record-breaking coasters at Six Flags Great America, Canada's Wonderland, and Kings Dominion
• Family-friendly attractions at Carowinds' Camp Snoopy
• Major expansions at Hurricane Harbor Los Angeles and Arlington
• Upgraded food and beverage facilities across all parks
• Return of popular seasonal events like Fright Fest and WinterFest

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®.