Six Flags reported third-quarter revenue of $1.17 billion and adjusted EBITDA of $493.2 million for the quarter ended Sept. 27, 2026. Both measures fell about 11% from a year earlier on a reported basis, but rose slightly when comparing only parks still in the company’s portfolio.
The company recorded a net loss of $366.1 million, including $687.7 million in non-cash impairment charges. The prior-year quarter’s $1.19 billion net loss included a larger $1.52 billion non-cash impairment charge.
Key details
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Comparisons reflect a smaller park portfolio. The prior-year results included seven parks that Six Flags sold to EPR Properties before the 2026 operating season, plus a Maryland park that closed after the 2025 season. Same-park figures exclude those eight locations to provide a comparison with the current portfolio.
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Revenue and adjusted EBITDA edged higher on a same-park basis. Same-park revenue rose 1.4% to $1.17 billion, while adjusted EBITDA increased 1.1% to $493.2 million. On a reported basis, revenue declined 11.0% and adjusted EBITDA fell 11.1%.
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Same-park attendance was nearly flat, while spending per guest increased. Attendance at the continuing parks slipped 0.2% to 18.2 million. Per-capita spending rose 1.3% to $60.51, and operating days increased 2.6%. Across the full reported portfolio, attendance fell 13.8%, largely reflecting the parks no longer operated.
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The net loss was smaller than a year earlier, but included substantial impairment charges. Six Flags lost $366.1 million, or $3.59 per diluted share, compared with a $1.19 billion loss, or $11.77 per share, in the year-ago quarter. The lower loss came alongside a smaller non-cash impairment charge; the figures do not represent operating cash outflows of the same size.
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Year-to-date operating cash flow improved. Net cash from operating activities was $498.5 million through the third quarter, up 36.5% from the comparable period.
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Quarter-end liquidity was $1.06 billion. The earnings materials also included a supplemental presentation for investors, but the announcement provided no further presentation details in the materials reproduced here.
Plain-English implications
The reported year-over-year declines in revenue, EBITDA and attendance are affected by the parks sold or closed since the prior-year period. On a comparable-park basis, revenue and adjusted EBITDA grew modestly, supported by higher spending per guest despite slightly lower attendance. The large accounting loss also reflects non-cash impairment charges, while year-to-date operating cash flow increased.