Six Flags Entertainment (NYSE:FUN) Q4 2025 Earnings call February 19, 2026 08:00 AM ET Company ParticipantsAdam Fox - Equity Research AssociateAnthony Berni - Senior Equity Research AssociateArpine Kocharyan - Managing DirectorBrian Witherow - CFOJohn Reilly - President and CEOMichael Russell - Corporate Director of Investor RelationsSteve Wieczynski - Managing DirectorThomas Yeh - Executive Director of Equity ResearchConference Call ParticipantsJames Hardiman - Director of Leisure and Travel AnalystOperato ...

Six Flags Entertainment (NYSE:FUN) Q4 2025 Earnings call February 19, 2026 08:00 AM ET Company ParticipantsAdam Fox - Equity Research AssociateAnthony Berni - Senior Equity Research AssociateArpine Kocharyan - Managing DirectorBrian Witherow - CFOJohn Reilly - President and CEOMichael Russell - Corporate Director of Investor RelationsSteve Wieczynski - Managing DirectorThomas Yeh - Executive Director of Equity ResearchConference Call ParticipantsJames Hardiman - Director of Leisure and Travel AnalystOperato ...

Six Flags Entertainment (NYSE:FUN) Q4 2025 Earnings call February 19, 2026 08:00 AM ET Speaker6Good morning, everyone. My name is Ellie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Six Flags Entertainment Corporation 2025 fourth quarter earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's prepared remarks, there will be a question and answer session. If you would like to ask a question during this time, ...

Analysts on Wall Street project that Six Flags Entertainment Corporation (FUN) will announce quarterly loss of -$0.29 per share in its forthcoming report, representing a decline of 307.1% year over year. Revenues are projected to reach $620.3 million, declining 9.7% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior t ...

Economic Outlook - The U.S. economic outlook is mixed, with the Atlanta Federal Reserve forecasting a fourth-quarter GDP growth of 5.3%, which could boost investor sentiment if realized [1] - However, macroeconomic indicators, particularly consumer sentiment and employment data, are less favorable, indicating potential challenges for consumer cyclical stocks like Six Flags [2] Consumer Sentiment - Recent data from the Jefferies U.S. Consumer Pulse survey shows declines in consumer confidence, with significant retrenchment in net buying conditions and personal finance views, suggesting consumers are becoming more cautious [3] - This cautious consumer behavior is not conducive to leisure spending, which is critical for Six Flags [3] Employment Data - The U.S. unemployment rate was reported at 4.4% at the end of December, slightly down from 4.5% the previous month, indicating a near full employment scenario [4] - However, there are emerging weaknesses in the job market, particularly for the 18- to 24-year-old demographic, which is vital for amusement park visitation [5] - Small business job growth and wage growth are stagnating, with the jobs index for this sector declining in December, further complicating the employment landscape for Six Flags [5] Financial Performance and Projections - Analysts have noted that Six Flags' fiscal 2027 adjusted EBITDA, attendance, and revenue forecasts are projected to be 9%, 3%, and 4% below consensus estimates, respectively [6] - The company has shown financial prudence by declining to acquire complete control of Six Flags Over Texas, as the deal did not align with its capital allocation goals [8] Strategic Considerations - Six Flags has potential strategies to unlock shareholder value, including the suggestion from activist investor Jonathan Litt to spin off its real estate holdings into a REIT or sell property assets to an experiential REIT [9] - Such transactions could provide reasons for investors to support Six Flags, although the company's willingness to pursue these options remains uncertain [10]

Core Viewpoint - Six Flags has announced the pricing of $1.0 billion of 8.625% senior notes due in 2032, indicating a significant move to raise capital for future investments and operations [1] Group 1: Financial Details - The company is issuing senior notes with an interest rate of 8.625%, which reflects the cost of borrowing in the current market environment [1] - The total amount raised through this issuance is $1.0 billion, which will be utilized for general corporate purposes [1] Group 2: Implications - This capital raise may enhance Six Flags' financial flexibility, allowing for potential expansion and improvements in its theme parks [1] - The issuance of senior notes suggests that the company is looking to strengthen its balance sheet amid ongoing operational demands [1]

Core Viewpoint - Six Flags has announced a private offering of $1.0 billion in senior notes and plans to redeem its 2027 notes [1] Group 1: Offering Details - The company is conducting a private offering of senior notes amounting to $1.0 billion [1] - The proceeds from this offering are expected to be used for general corporate purposes, which may include refinancing existing debt [1] Group 2: Redemption Information - Six Flags plans to redeem its 2027 notes as part of its financial strategy [1] - The redemption of the 2027 notes is likely aimed at improving the company's capital structure and reducing interest expenses [1]

Core Viewpoint - A class action lawsuit has been filed against Six Flags Entertainment Corporation for failing to disclose critical financial information related to its merger with Cedar Fair, L.P., which has led to significant losses for investors [2][8]. Group 1: Lawsuit Details - The lawsuit is on behalf of all individuals and entities who purchased Six Flags common stock in connection with the merger registration statement issued on July 1, 2024 [2]. - Investors have until January 5, 2026, to apply to the Court to be appointed as lead plaintiff in the lawsuit [2]. Group 2: Allegations - The registration statement allegedly failed to disclose that Legacy Six Flags suffered from chronic underinvestment, requiring millions in additional capital and operational expenditures to maintain its market position [8]. - Following the appointment of CEO Selim Bassoul in November 2021, significant employee layoffs were made to cut costs, which negatively impacted operational competence and guest experience [8]. - At the time of the merger, it was revealed that Legacy Six Flags needed a substantial undisclosed capital infusion, undermining the rationale for the merger as presented [8]. Group 3: Stock Performance - On the merger closing date, Six Flags stock traded above $55 per share, but subsequently fell to as low as $20 per share, representing a nearly 64% decline [8].

Core Viewpoint - Investors have until January 5, 2026, to file lead plaintiff applications in a securities class action lawsuit against Six Flags Entertainment Corporation, previously known as CopperSteel HoldCo, Inc. [1] Group 1 - The lawsuit pertains to investors who purchased or acquired the company's common stock in relation to the company's registration statement [1]

Core Viewpoint - A class action lawsuit has been filed against Six Flags Entertainment Corporation regarding the merger with Cedar Fair, alleging that the registration statement failed to disclose significant underinvestment issues and operational challenges faced by Legacy Six Flags prior to the merger [2][7]. Group 1: Lawsuit Details - The lawsuit is on behalf of all individuals and entities who purchased or acquired Six Flags common stock related to the merger registration statement issued on July 1, 2024 [2]. - Investors have until January 5, 2026, to apply to the Court to be appointed as lead plaintiff in the lawsuit [2]. Group 2: Allegations - The registration statement allegedly did not reveal that Legacy Six Flags had chronic underinvestment and required millions in additional capital and operational expenditures to maintain its market share [7]. - Following the appointment of CEO Selim Bassoul in November 2021, significant employee layoffs were made to cut costs, which reportedly degraded operational competence and guest experience [7]. - On the merger closing date, Six Flags stock was trading above $55 per share, but subsequently fell to as low as $20 per share, marking a decline of nearly 64% [7]. Group 3: Next Steps for Investors - Investors who suffered losses or have information regarding the claims are encouraged to contact the law firm for further details and assistance [4].