Industry Overview - The theme park industry is preparing for a recovery year after a mixed performance in 2023, with leading operators like Six Flags, Walt Disney, and SeaWorld showing stock movements but not outperforming the market [1][2] - The merger between Cedar Fair and Six Flags was completed last year, with the new entity retaining Cedar Fair's name but adopting Six Flags' ticker symbol [2] Financial Performance - Comcast reported a decline in profitability for its theme parks business, with flat year-over-year revenue growth [3] - Six Flags and United Parks are set to announce earnings soon, with Six Flags being viewed as a more interesting investment opportunity due to its potential for scalability and cost synergies [4][5] - United Parks has struggled with negative revenue growth in four of the last six quarters, failing to achieve significant top-line growth [4] Market Dynamics - The new Six Flags aims to optimize its larger collection of thrill parks, expecting to realize an annualized run rate of $120 million in cost synergies by the end of the year [5] - The industry is seasonal, with most parks starting operations as the weather warms, while some locations like Southern California operate year-round [6] Consumer Engagement - The success of the theme park industry in 2024 will depend on consumer turnout, with expectations that new attractions and expansions, such as Comcast's Epic Universe, will draw visitors [14] - Six Flags has introduced a new season pass structure, allowing access to both Six Flags and Cedar Fair attractions, which could enhance its value proposition [15] Investment Outlook - Six Flags is currently trading at 14 times projected earnings, but high debt levels increase the enterprise value multiple closer to 25, indicating potential for earnings growth if cost synergies and attendance exceed expectations [16]

Six Flags Entertainment Corporation (NYSE: FUN ) has now reported the company’s Q3 results after the merger has been completed. The quarter marks the first report as a combined company between Six Flags and Cedar Fair. WhileI am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding the drivers behin ...

skynesher Six Flags Entertainment Corporation (NYSE:FUN) has now merged, being a combination of the legacy Six Flags and Cedar Fair businesses. After the successful merger, Six Flags has now also reported the company's Q2 results on a pre-merger basis. In my earlier article, "Six Flags And Cedar Fair: Synergies Pose Great Upside," I initiated both pre-merger stocks at a Buy rating as the merger's anticipated synergies created an attractive valuation for the merged Six Flags. As I previously estimated with t ...

Per Six Flags announcement, "Our enhanced financial flexibility will enable us to invest in new rides, attractions, food and beverage options, and state-of-the-art consumer technologies. These investments are designed to grow attendance, increase per capita spending and enhance profitability, ensuring that each visit to our parks is more exciting and memorable than the last." "The combination of Six Flags and Cedar Fair will redefine our guests' amusement park experience as we combine the best of both compa ...

Six Flags (SIX) shares ended the last trading session 5.8% higher at $31.98. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 16.7% gain over the past four weeks. Six Flags' shares surged following the confirmation of its merger with Cedar Fair on July 1, 2024. The company clarified the new corporate setup, confirming that the combined entity will retain the Six Flags name and trade under the ticker symbol "FUN" on ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________ FORM 10-Q _________________________________________________________ x Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2024 or o Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission file number: 1-13703 ...

Just wanted to go back to attendance trends. I think excluding the 90,000 benefit in the first quarter, it grew around 1%. And so I just want to kind of get a sense of what's the right exit rate to use here? Mexico is a big piece. I think some of the parks opened a little earlier. Your pass units are also up to double digits. So just kind of, what's the right kind of underlying excluding these kind of puts and takes rate to use going forward? group sales, I mean all the rides that we have coming in, we talk ...

Exhibit 99.1 Total revenue for first quarter 2024 decreased $9 million, or 6%, compared to first quarter 2023. The change was primarily attributable to a $12 million reduction in revenue related to memberships beyond the initial 12-month commitment period, which is recognized evenly each month and not recognized based on attendance, and a $4 million adjustment to international licensing revenue made in respect of a change in the estimated opening date of Six Flags Qiddiya to mid-2025. These decreases were p ...

Risks Related to Mergers - The company is subject to risks related to the proposed Mergers, including potential disruptions to current plans and operations, and the impact on business relationships and operating results[12] Macro-Economic Conditions - Macro-economic conditions, including inflation and supply chain issues, may impact customer spending patterns and the company's financial performance[12] Risks Related to Attendance - The company faces risks related to attendance, including local conditions, contagious diseases, and global political instability such as the war in Ukraine and the Middle East[12] Weather-Related Risks - Adverse weather conditions, such as excess heat or cold, rain, and storms, could negatively affect the company's operations[12] Labor-Related Risks - The company is exposed to risks related to labor, including dependence on a seasonal workforce, unionization activities, and labor disputes[12] Cybersecurity Risks - Cybersecurity risks are a significant concern for the company, potentially impacting its operations and reputation[17] Strategy Implementation Risks - The company's ability to implement its strategy successfully is subject to various uncertainties, including changes in public and consumer tastes[12] Construction and Ride Downtime Risks - Construction delays in capital improvements or ride downtime could affect the company's ability to attract visitors[12] Competition Risks - The company faces competition from other theme parks, water parks, and entertainment alternatives[12] Legal Proceedings Risks - Legal proceedings and the associated expenses could have a material impact on the company's financial condition[13]

Third, we are bolstering our revenue streams through technological innovation and operational enhancements. In Food and Beverage, we are expanding mobile app food ordering to more restaurant locations and are introducing new web-based QR code ordering. We are placing QR codes in high-visibility dining areas, so guests can use mobile ordering without needing to download the app. While introducing self-serve kiosks, these sleek modern and easy-to-use kiosk have a proven track record in the restaurant industry ...