Core Insights - Six Flags Over Georgia introduces the Georgia Gold Rusher, the world's first free-spinning gondola coaster, enhancing the park's legacy and guest experience [1][2] - The roller coaster features unique design elements inspired by Georgia's 19th-century gold rush, with immersive theming and multiple ride enhancements [2] - The park is investing in dining options, with three new concepts and a refreshed culinary vision under a new executive chef [3] Park Operations and Events - The park will operate on weekends from March 15 to May 18, with daily operations during Spring Break from April 5 to April 13, and the Hurricane Harbor water park opening on May 24 [4] - The 2025 season will feature various special events, including new festivals and returning favorites [4] Guest Experience and Offers - Guests with 2025 Season Passes will have exclusive access to the Georgia Gold Rusher during its opening weekend [5] - Season Passes are currently available at the lowest price of the season [5] Company Overview - Six Flags Over Georgia is part of Six Flags Entertainment Corporation, which operates 27 amusement parks, 15 water parks, and nine resort properties across North America [7] - The company focuses on providing immersive and memorable experiences to millions of guests annually through its diverse attractions and themed rides [7] Georgia Gold Rusher Specifications - The Georgia Gold Rusher features a height requirement of 52 inches, a top speed of 60 mph, an elevation of 144 feet, and a length of 590 feet, with a total of seven airtime moments [9]

Financial Data and Key Metrics Changes - For Q4 2024, the company generated net revenues of $687 million with attendance of 10.7 million visits, reflecting strong performance compared to the previous year [17][18] - Adjusted EBITDA for Q4 2024 increased by $120 million to $209 million, with a modified EBITDA margin improving by 650 basis points to 30.4% [25][26] - The company ended the year with $83 million in cash and cash equivalents and approximately $5 billion in gross debt, indicating a solid liquidity position [29][30] Business Line Data and Key Metrics Changes - Legacy Six Flags operations contributed $324 million in net revenues and 5 million visits in Q4, while legacy Cedar Fair operations saw a decrease of $8 million in revenues due to 115,000 fewer visits [17][18] - In-park per capita spending increased by 3% to $61.60, with a 3% rise in average transactions per guest, indicating positive guest spending trends [19][21] Market Data and Key Metrics Changes - Early trends for 2025 show a 2% increase in attendance and a 3% increase in season pass sales, suggesting strong consumer demand for entertainment experiences [11][12] - The company reported a $117 million increase in deferred revenues, primarily from legacy Six Flags parks, indicating positive sales momentum [31][32] Company Strategy and Development Direction - The company aims to drive higher attendance, improve guest spending, and optimize operating efficiencies through a strategic capital program, with significant investments planned for new attractions [40][41] - Ongoing portfolio optimization efforts are focused on divesting non-core properties and enhancing the overall asset base to reduce risk and complexity [45][46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the healthy economic environment for consumers, with expectations for continued strong demand for high-quality entertainment experiences [12][36] - The company is closely monitoring potential impacts from recent wildfires in California and foreign currency exchange rates, which could affect performance in 2025 [36][37] Other Important Information - The company achieved approximately $50 million in gross cost synergies in 2024, with plans to deliver another $70 million in 2025 through various operational efficiencies [27][28] - Capital expenditures for Q4 totaled $93 million, with a full-year CapEx spend of $475 to $500 million planned for 2025 [33][34] Q&A Session Summary Question: Guidance for the year and assumptions embedded - Management discussed the importance of driving top-line revenue growth while maintaining efficiency, emphasizing the role of capital investments in market penetration [57][58] Question: Portfolio optimization and monetizing smaller parks - Management highlighted the strategic nature of portfolio optimization, focusing on the value of unique assets and the potential for cash flow generation from non-core properties [72][74] Question: Update on cost synergies and revenue synergies - Management noted that while cost synergies have been realized, revenue synergies are still being developed, particularly through system integrations and new ticketing platforms [83][84] Question: Attendance growth drivers and season pass sales - Management indicated that higher attendance levels lead to increased guest spending and emphasized the importance of season pass sales in driving overall performance [99][100] Question: CapEx allocation between maintenance and structural changes - Management expressed confidence in the 2025 capital lineup, focusing on consistent investment to enhance guest experiences and drive revenue growth [134][135]

Six Flags Entertainment Corporation (FUN) reported $687.31 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 85.2%. EPS of $0.14 for the same period compares to $0.16 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $703.43 million, representing a surprise of -2.29%. The company delivered an EPS surprise of -58.82%, with the consensus EPS estimate being $0.34.While investors scrutinize revenue and earnings changes year-over-year and ...

Core Points - The new DC Universe themed area at Six Flags Fiesta Texas will feature three new rides and updates to existing attractions, enhancing the experience for fans of all ages [1][2][3] - The grand opening is scheduled for March 1, marking a significant event in the park's history and expected to attract Super Hero enthusiasts from across the U.S. [5] New Attractions - The DC Universe themed area will include three new rides: CYBORG™ Cyber Revolution, SHAZAM!™ Tower of Eternity, and METROPOLIS™ Transit Authority, catering to a range of thrill-seekers [1][4] - CYBORG Cyber Revolution offers a unique spinning experience with mechanical arms, while SHAZAM! Tower of Eternity features a family-friendly drop tower that propels guests 70 feet into the air [4] - METROPOLIS Transit Authority provides a scenic aerial tour of the area via a monorail-style train, enhancing the overall park experience [4] Enhanced Existing Attractions - Several classic attractions will receive updates, incorporating more DC characters and storylines, including SUPERGIRL Sky Flight and POISON IVY Toxic Spin [4] - The Daily Planet gift shop will be remodeled to nearly double its space, offering a wide range of DC Super Hero merchandise [4] Company Background - Six Flags Fiesta Texas is part of Six Flags Entertainment Corporation, which operates 27 amusement parks and is focused on providing immersive experiences to millions of guests annually [7] - Warner Bros. Discovery Global Experiences, which collaborates with Six Flags, is a leader in location-based entertainment, featuring franchises from Warner Bros. [8][9]

Core Viewpoint - The article emphasizes the importance of value investing and highlights Six Flags Entertainment Corporation (FUN) as a strong value stock based on various financial metrics [2][7]. Group 1: Value Investing Trends - Value investing is a preferred strategy for identifying strong stocks in any market, focusing on companies believed to be undervalued [2]. - Zacks has developed a Style Scores system to identify stocks with specific traits, particularly in the "Value" category [3]. Group 2: Six Flags Entertainment Corporation (FUN) Metrics - FUN has a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential as a value stock [4]. - The stock's P/E ratio is 15.60, significantly lower than the industry average of 19.69, suggesting it may be undervalued [4]. - FUN's P/B ratio is 1.94, compared to the industry's average of 4.58, further indicating attractive valuation [5]. - The P/CF ratio for FUN is 14.85, which is lower than the industry average of 16.95, reinforcing the notion of undervaluation based on cash flow [6]. - Overall, FUN is highlighted as one of the market's strongest value stocks due to its favorable earnings outlook and valuation metrics [7].

Core Viewpoint - The article emphasizes the importance of value investing and highlights Six Flags Entertainment Corporation (FUN) as a strong value stock based on various financial metrics [1][2][7]. Company Metrics - Six Flags Entertainment Corporation (FUN) holds a Zacks Rank of 2 (Buy) and has a Value grade of A, indicating strong potential for value investors [4]. - The current P/E ratio for FUN is 15.95, significantly lower than the industry average P/E of 19.83, suggesting that the stock may be undervalued [4]. - FUN's P/B ratio stands at 1.95, compared to the industry average P/B of 4.48, further indicating its relative undervaluation [5]. - The P/CF ratio for FUN is 14.93, which is attractive when compared to the industry's average P/CF of 16.64, reinforcing the notion of FUN being undervalued based on cash flow [6]. Investment Outlook - The combination of FUN's strong financial metrics and positive earnings outlook positions it as an impressive value stock at the moment [7].

Core Viewpoint - The article emphasizes the importance of value investing and highlights Six Flags Entertainment Corporation (FUN) as a strong candidate for value investors due to its attractive valuation metrics [2][7]. Company Analysis - Six Flags Entertainment Corporation (FUN) holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [4]. - FUN's current P/E ratio is 17.50, which is lower than the industry's average of 19.50, suggesting it may be undervalued [4]. - The stock's Forward P/E has fluctuated between 10.55 and 57.69 over the past year, with a median of 12.34, indicating significant volatility but also potential for growth [4]. - FUN has a P/B ratio of 2.10, which is attractive compared to the industry's average P/B of 4.42, further supporting the notion of undervaluation [5]. - The P/CF ratio for FUN is 16.08, which is competitive against the industry's average P/CF of 16.45, indicating a solid cash flow outlook [6]. - Over the past 12 months, FUN's P/CF has ranged from 6.50 to 16.29, with a median of 7.83, reflecting its cash flow strength [6]. - Overall, the metrics suggest that FUN is likely undervalued and stands out as one of the market's strongest value stocks, particularly when considering its earnings outlook [7].

Core Viewpoint - Six Flags Entertainment Corporation (FUN) has experienced a significant stock rally of 25.8% over the past three months, outperforming both the Zacks Leisure and Recreation Services industry and the S&P 500 [1][2]. Group 1: Performance and Demand - The company's strong performance is attributed to high attendance across its parks, indicating a healthy consumer base and robust demand for its offerings [2]. - Season pass and membership sales have seen an 8% year-over-year increase, with pricing reflecting a 3% rise, ensuring a steady stream of recurring revenues [8]. - Attendance during the Halloween season increased by 20% year-over-year, showcasing the company's ability to capitalize on seasonal demand [9]. Group 2: Strategic Initiatives - FUN plans to invest $500 million to $525 million in annual capital expenditures for 2025 and 2026 to enhance park experiences and guest satisfaction [11]. - The merger with Cedar Fair has created the largest regional theme park operator in North America, with identified cost savings of $50 million for 2024 and a long-term target of $120 million by 2025 [12]. Group 3: Valuation and Market Position - FUN is currently trading at a forward 12-month price-to-sales (P/S) multiple of 1.43X, significantly below the industry average of 2.35X, presenting a compelling investment opportunity [13]. - Despite the stock trading 16.5% below its 52-week high of $58.70, the company is well-positioned for long-term growth [7][13]. Group 4: Challenges and Economic Sensitivity - The company has faced inflated costs, with operating costs and expenses increasing by 35.2% year-over-year in the first nine months of 2024 [15][16]. - Economic pressures and inflation may impact discretionary spending, which could affect revenue from park tickets and other offerings [17]. - Recent downward revisions in earnings estimates for 2025, from $2.96 to $2.78, indicate declining analyst confidence [18].

Financial Data and Key Metrics Changes - For Q3 2024, the company generated net revenues of $1.35 billion with attendance of 21 million visits, including $558 million from legacy Six Flags operations [12][24] - Adjusted EBITDA for the third quarter totaled $558 million, which included $206 million from legacy Six Flags operations [24] - Operating costs and expenses totaled $894 million, with $368 million from legacy Six Flags operations [18][21] Business Line Data and Key Metrics Changes - Legacy Cedar Fair revenues decreased by $52 million compared to the previous year, primarily due to 660,000 fewer visits [12] - In-park capital spending per capita was $61.27, a decrease of 2% compared to the previous year [16] - Out-of-park revenues totaled $102 million, with $21 million from legacy Six Flags operations [15] Market Data and Key Metrics Changes - Attendance across the combined portfolio was slightly up, excluding three weeks impacted by extreme weather events [14] - Over the past five weeks, attendance increased by 20%, with 6.5 million guests entertained [26] - Deferred revenues increased to $359 million from $208 million year-over-year, reflecting strong sales of advanced purchase products [29] Company Strategy and Development Direction - The company aims to achieve $120 million in merger-related cost synergies by the end of 2025, with $50 million expected by the end of 2024 [23][41] - A disciplined capital allocation strategy is in place, targeting $500 million to $525 million in capital expenditures annually for 2025 and 2026 [31][48] - The focus is on driving attendance growth, with a target of 55 million guests by 2027, which would imply an average growth rate of over 10% [55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business model and the health of the consumer, noting strong demand during favorable weather conditions [73] - The integration process post-merger is progressing smoothly, with early positive results from operational changes [40] - The company is focused on enhancing guest satisfaction, which is vital for sustainable long-term growth [39] Other Important Information - The company plans to host an Analyst Day in the first quarter of next year to provide more specifics around core strategies and growth outlook [56] - The balance sheet remains solid, with $90 million in cash and $4.8 billion in gross debt, of which 80% is fixed [28] Q&A Session All Questions and Answers Question: Can you help us think about the cadence of attendance growth towards the 55 million target by 2027? - Management acknowledged that growth is not linear and emphasized the importance of capital investments in driving attendance growth beyond historical rates [61][62] Question: How do you view the $800 million unlevered free cash flow target by 2027 in relation to adjusted EBITDA? - Management clarified that the primary focus is on driving revenue growth through attendance, which may not directly correlate with per capita spending [66] Question: What has been surprising regarding the level of investment needed for the Six Flags parks? - Management noted that the appeal of the product remains strong, and they are focused on reinvesting capital to drive growth across the combined portfolio [70][75] Question: Can you elaborate on the fourth quarter guidance and the rationale behind it? - Management provided guidance of $205 million to $215 million for fourth quarter adjusted EBITDA, citing strong October performance but cautioning about macro factors affecting November and December [97] Question: What are the expectations for cost savings and operational efficiencies moving forward? - Management indicated that they have already realized some cost savings and are focused on activating additional synergies as they move into the fourth quarter [100][102]

Core Viewpoint - Wall Street analysts anticipate a decline in Six Flags Entertainment Corporation's earnings per share (EPS) for the upcoming quarter, despite a significant increase in revenues compared to the previous year [1]. Earnings Estimates - Analysts expect Six Flags to report quarterly earnings of $2.96 per share, reflecting a year-over-year decline of 29.7% [1]. - The consensus EPS estimate has been revised downward by 18.5% in the past 30 days, indicating a reassessment of initial estimates by covering analysts [2]. Revenue Projections - Total revenues are projected to be $1.34 billion, representing a 59.5% increase from the same quarter last year [1]. - Specific revenue estimates include: - 'Net revenues- Admissions' expected to reach $673.11 million, a year-over-year increase of 61.1% [5]. - 'Net revenues- Accommodations, extra-charge products and other' estimated at $190.04 million, reflecting a 33.3% increase [5]. - 'Net revenues- Food, merchandise and games' projected at $490.33 million, indicating a 74.2% increase [6]. Attendance Expectations - Analysts forecast attendance to reach 20.91 million, significantly up from 12.43 million in the prior year [6]. Market Performance - Six Flags shares have increased by 6.9% over the past month, contrasting with a -0.5% change in the Zacks S&P 500 composite [6]. - The company currently holds a Zacks Rank 5 (Strong Sell), suggesting it may underperform the overall market in the near term [6].