NEW YORK, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Six Flags Entertainment Corporation (“Six Flags” or the “Company”) (NYSE: FUN). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Six Flags and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class act ...

Core Viewpoint - The Portnoy Law Firm has initiated an investigation into possible securities fraud involving Six Flags Entertainment Corporation, following a significant financial downturn reported by the company [1][3]. Financial Performance - Six Flags reported a swing from a profit to a loss of $100 million in its second-quarter 2025 financial results, which was a significant decline [3]. - The company has reduced its full-year guidance, attributing the downturn to adverse weather conditions and lower season pass sales [3]. Management Changes - Six Flags announced that its CEO will step down at the end of the year, which may impact investor confidence and company direction [3]. Legal Actions - Investors who have incurred losses are encouraged to contact the Portnoy Law Firm for a complimentary case evaluation and to discuss potential claims [2][4]. - The investigation is focused on whether Six Flags issued false or misleading statements or failed to disclose material information to investors [3].

Core Insights - Six Flags Entertainment is facing significant operational challenges, exemplified by the issues surrounding its new roller coaster, Siren's Curse, which has experienced frequent breakdowns since its opening in late June [1] Company Challenges - The Siren's Curse roller coaster at Cedar Point has received positive reviews but has also become notorious for its reliability issues, leading to negative perceptions among visitors [1]

Core Insights - Six Flags is launching a new Halloween attraction called "The Conjuring: Beyond Fear," which will feature interactive experiences based on the horror franchise [1][2] - The attraction will debut in multiple parks, including Carowinds, Cedar Point, Canada's Wonderland, and Kings Island, and will require an additional purchase [2] - The 2025 Halloween season will see the return of several iconic horror properties in haunted mazes across seven theme parks, enhancing the overall scare experience [3][4] Group 1: New Attractions - "The Conjuring: Beyond Fear" will offer a 20-minute immersive experience where guests navigate scenes from The Conjuring Universe [2] - New haunted mazes include "The Strangers: No Escape," "SAW: Legacy of Terror," and "Army of the Dead," each designed to elevate the horror experience [4] - Original themed mazes will also be available, featuring various horror elements such as demented clowns and possessed puppets [5] Group 2: Seasonal Events and Activities - Six Flags parks will host family-friendly daytime events, including trick-or-treat trails and pumpkin patches, ensuring a mix of fun and fear [10] - The parks will also feature scare zones, live entertainment, and themed rides that enhance the Halloween atmosphere [7][8] - Special events like Oktoberfest will be included, offering festive activities alongside Halloween attractions [13] Group 3: Ticketing and Access - The Haunted Attractions Pass will provide unlimited access to all haunted mazes for one evening, while season passholders can enjoy season-long access [12] - A special MVP sale offers unlimited access to over 40 parks for the remainder of 2025 and all of 2026, including numerous attractions [11] - Each park's specific offerings and ticketing details will be available on their respective websites [6]

Six Flags Entertainment Corporation FUN posted downbeat sales for the second quarter on Wednesday.The company reported second-quarter sales of $930.39 million, which missed the analyst consensus estimate of $1.05 billion. The firm reported quarterly adjusted earnings per share of 26 cents, down from 40 cents in the year-ago period. On a GAAP basis, the company reported earnings per share of 99 cents, which compared with $1.08 in the year-ago period."The start of the 2025 season, including our second quarter ...

Core Insights - accesso Technology Group has renewed its partnership with Six Flags Entertainment Corporation for a new five-year agreement to continue using the accesso Passport® platform, effective January 1, 2026 [1][4] - This renewal marks over 20 years of collaboration, with hundreds of millions of tickets sold online through the accesso Passport platform since 2006 [2][4] - The accesso Passport eCommerce suite is designed to handle large-scale operations, enhancing guest engagement and maximizing revenue opportunities through integrated up-sell and cross-sell capabilities [3] Company Overview - accesso Technology Group is a leading global provider of technology solutions for leisure and entertainment markets, serving over 1,200 venues worldwide [5] - The company focuses on enhancing guest experiences, driving revenue, and supporting data-driven decisions through innovative technology [5][6] Six Flags Overview - Six Flags Entertainment Corporation is North America's largest regional amusement-resort operator, with 27 amusement parks, 15 water parks, and nine resort properties across 17 states [7] - The company aims to provide fun and memorable experiences to millions of guests annually, featuring world-class attractions and a portfolio of beloved intellectual properties [7]

Financial Data and Key Metrics Changes - Adjusted EBITDA for the quarter fell well below plan, reflecting a significant decline in attendance due to macro factors and extreme weather conditions [20][24][34] - The company ended the quarter with approximately $107 million in cash and cash equivalents, with total liquidity of $540 million [20] - Gross debt outstanding at the end of the second quarter was approximately $5.3 billion, with net debt to annualized second quarter adjusted EBITDA at approximately 6.2 times, above the target range of sub four times [22][34] Business Line Data and Key Metrics Changes - Attendance at Legacy Cedar Fair parks was up 3% during July, while per capita spending on admissions increased by 4% [25][30] - Per capita spending on in-park products at Legacy Cedar Fair parks was up 3%, driven by higher guest spending on food, beverage, and merchandise [25] - The company introduced a reimagined pass structure for the 2026 season pass program to enhance appeal and attract new customers [16] Market Data and Key Metrics Changes - Combined attendance was down 12% over a six-week period due to severe weather, while attendance was flat during the first seven weeks of the quarter when weather was not an issue [24] - Attendance in July was up 1%, with preliminary net revenues down approximately 3% due to pressure on guest spending [29][34] - The company experienced a surge in demand for parks in July, with season pass sales climbing rapidly [11][29] Company Strategy and Development Direction - The company is focused on optimizing assets and reducing net leverage while executing integration efforts [10][18] - A significant restructuring was completed to flatten leadership layers and improve agility, aiming for annualized labor cost reductions of over $20 million [17] - The company is actively pursuing divestitures of non-core assets to accelerate deleveraging [22][58] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that the challenges faced in the first half of the year are largely transient and not indicative of a fundamental change in consumer behavior [49] - The company anticipates stronger second-half results with normalized weather conditions and improved demand trends [37][39] - Management remains committed to reducing leverage and is evaluating opportunities to monetize non-core assets [38][39] Other Important Information - The company incurred $11 million in non-recurring merger-related integration costs and $28 million in adjusted EBITDA add-backs during the quarter [27] - The company expects to reduce full-year operating costs and expenses by 3% compared to last year's combined cost base [18][35] Q&A Session Summary Question: Clarification on macro pressures - Management clarified that macro pressures include significant weather impacts and some pressure on lower-income consumers, but overall spending behavior at parks remains strong [44][46] Question: Impact of weather on long-term targets - Management believes the challenges faced are transient and not reflective of long-term potential, with a focus on finishing 2025 strong and building momentum for 2026 [49][50] Question: Details on divestitures - Management is actively pursuing two non-core asset sales and evaluating other potential divestitures to optimize the portfolio [58][59] Question: Cost savings and synergies - Management confirmed that the goal for permanent cost savings remains at $120 million, with a focus on realizing these synergies in the second half of the year [61][62] Question: Guidance on attendance and pricing - Management indicated that attendance is expected to be flat for the second half, with pricing strategies being adjusted based on demand trends observed in recent weeks [34][91]

Financial Data and Key Metrics Changes - The company experienced a significant decline in attendance during the first half of the year, primarily due to lower renewal rates and season pass sales, as well as macroeconomic factors and extreme weather conditions [11][22][24] - Adjusted EBITDA for the quarter fell well below expectations, leading to a revised full-year guidance of $860 million to $910 million, down from a previous range of $1.08 billion to $1.12 billion [33][36] - The company ended the quarter with approximately $107 million in cash and cash equivalents, with total liquidity of $540 million [19] Business Line Data and Key Metrics Changes - At Legacy Cedar Fair parks, admissions per capita spending increased by 4%, while per capita spending on in-park products rose by 3% [24][26] - The company introduced a reimagined 2026 season pass program aimed at enhancing customer appeal and increasing renewal rates [14] Market Data and Key Metrics Changes - Attendance was down 12% during a six-week period affected by severe weather, while attendance was flat during the first seven weeks when weather was not an issue [22] - In July, attendance improved, with a 1% increase for the full month and a 4% increase over the last four weeks compared to the previous year [28][29] Company Strategy and Development Direction - The company is focused on optimizing its assets and integrating operations following the merger with Cedar Fair, with a commitment to reducing net leverage and increasing adjusted EBITDA [9][15] - Strategic actions include evaluating non-core asset divestitures to accelerate deleveraging and enhance focus on core operations [21][56] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of macroeconomic pressures and extreme weather on early season performance but expressed confidence in a strong second half due to improved weather and demand trends [10][36] - The company is committed to executing its strategic plan and believes that the challenges faced are transient and not indicative of a fundamental change in consumer behavior [48] Other Important Information - The company has made significant progress in restructuring its organization to reduce full-time labor costs by over $20 million annually [15] - A new ticketing platform and mobile app are scheduled to launch in November, aimed at enhancing customer experience [37] Q&A Session Summary Question: Clarification on macro pressures - Management clarified that macro pressures include significant weather impacts and some pressure on lower-income consumers, but overall spending behavior at parks remains strong [43][45] Question: Understanding the impact of weather on financial targets - Management stated that the challenges faced in the first half are largely transient and do not reflect a fundamental change in consumer potential, with a focus on finishing 2025 strong [48][49] Question: Details on divestitures and timing - Management is actively pursuing two non-core asset sales and evaluating other potential divestitures to optimize the portfolio and reduce risk [56] Question: Cost savings and synergies - Management confirmed that the goal remains to achieve $120 million in cost synergies for 2025, with a focus on permanent cost savings and additional efficiencies [61] Question: Guidance on attendance and pricing - Management indicated that attendance is expected to be flat for the second half, with potential for price increases where demand is strong, particularly during peak events [90][92]

Core Insights - Hurricane Harbor has introduced Splash Island, designed for family enjoyment, featuring new amenities and dining options [1][2] - The park includes enhanced family cabanas, updated facilities, and a reimagined restaurant with a new menu [2][6] - Six Flags Over Texas operates multiple parks and attractions, emphasizing immersive experiences for guests [4][5] Group 1: Park Features - Splash Island offers a massive footprint of 58,000 square feet, including a multi-level treehouse play structure standing 50 feet tall [6] - The water park features 17 water slides, 110 interactive water features, and a large splash pad [6] - A Texas-sized tipping bucket can carry 1,000 gallons of water, enhancing the park's attractions [6] Group 2: Dining and Amenities - The Smokehouse on the Water restaurant has been completely reimagined with a new menu featuring in-house smoked brisket and pulled pork [2] - Guests can enjoy side dishes like house-made macaroni and cheese, chopped salad, and cornbread [2] - New family cabanas with relaxing beach furniture and themed murals have been added to improve the overall guest experience [1][2] Group 3: Company Overview - Six Flags Entertainment Corporation is the largest regional amusement-resort operator in North America, with 27 amusement parks and 15 water parks [5] - The company focuses on providing fun and memorable experiences, leveraging popular intellectual properties like Looney Tunes and DC Comics [5] - Six Flags Over Texas and Hurricane Harbor are positioned as premier destinations for family entertainment [4]

Core Insights - Six Flags Entertainment Corporation reported a revenue of $202.06 million for the quarter ended March 2025, marking a significant increase of 98.8% year-over-year [1] - The company's EPS was -$2.20, an improvement from -$2.47 in the same quarter last year, with a positive surprise of +3.93% compared to the consensus estimate of -$2.29 [1] Revenue and Attendance Metrics - Attendance for the quarter was 2.82 million, slightly below the estimated 2.93 million [4] - Net revenues from admissions were $106.76 million, which is a 134.9% increase compared to the previous year, but below the estimated $114.87 million [4] - Net revenues from accommodations, extra-charge products, and other sources were $29.45 million, exceeding the estimate of $29.12 million, reflecting a 70.1% year-over-year increase [4] - Net revenues from food, merchandise, and games totaled $65.85 million, significantly lower than the estimated $92.34 million, but still showing a 69.5% increase year-over-year [4] Stock Performance - Over the past month, shares of Six Flags Entertainment Corporation have returned +7.6%, compared to the Zacks S&P 500 composite's +11.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]