Six Flags Entertainment reported mixed third-quarter 2026 results: revenue and adjusted EBITDA were lower than a year earlier on a reported basis, but edged higher when measured against the parks still in its portfolio. The quarter ended Sept. 27, and the company’s comparisons reflect a smaller operation after it sold seven parks and closed another.
Six Flags posted a net loss, largely reflecting a substantial non-cash impairment charge. It also reported higher year-to-date cash generated from operations and $1.06 billion in liquidity at quarter-end.
Key details
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Revenue was $1.17 billion. That was down 11.0% from the year-ago quarter as reported, but up 1.4% on a same-park basis. Same-park figures exclude seven parks sold to EPR Properties before the 2026 season and a park in Bowie, Maryland, that closed after the 2025 season.
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Adjusted EBITDA was $493.2 million. It fell 11.1% on a reported basis and rose 1.1% on a same-park basis.
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Attendance was 18.2 million, down 13.8% as reported but nearly flat on a same-park basis, declining 0.2%. Per-capita spending rose 2.4% as reported and 1.3% on a same-park basis, to $60.51.
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The company recorded a net loss attributable to Six Flags of $366.1 million, or $3.59 per diluted share. The quarter included $687.7 million in non-cash impairment charges. In the year-ago quarter, the net loss was $1.19 billion, including a $1.52 billion non-cash impairment charge.
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Year-to-date net cash from operating activities increased 36.5% to $498.5 million. Six Flags had $1.06 billion in liquidity at quarter-end.
What the comparisons show
The reported declines reflect a smaller park portfolio, so the same-park figures offer a more like-for-like view of the parks Six Flags currently operates. On that basis, revenue and adjusted EBITDA were modestly higher, while attendance was roughly unchanged and per-capita spending increased.
The smaller net loss compared with a year ago should be read alongside the impairment charges in both periods: the charges were substantial and non-cash, and their reduction contributed to the year-over-year change in reported losses.