Cedar Fair(US:FUN) Prnewswireยท2025-09-08 19:30Core Insights - Six Flags Entertainment Corporation is under investigation for potential securities fraud and unlawful business practices [1] - The company reported disappointing Q2 2025 results, lowering its EBITDA guidance from $1.08 billion-$1.12 billion to $860 million-$910 million [2] - The decline in guidance is attributed to first-half performance, a smaller season-pass base, and economic volatility affecting customer demand [2] - Six Flags' stock price dropped by $6.38, or 20.78%, closing at $24.32 per share following the news [3] Financial Performance - Six Flags reduced its EBITDA guidance for 2025 to a range of $860 million to $910 million, a significant decrease from previous expectations [2] - The company cited several factors for this downgrade, including first-half results and a smaller season-pass base [2] Management Changes - Richard Zimmerman, the president and CEO of Six Flags, is set to step down from his roles by the end of the year [2]