preloader icon



Apex Trader Funding (ATF) - News

Six Flags Reports Mixed Q2 Results: Cedar Fair Hits Records While Legacy Six Flags Attendance Faces Decline

Six Flags Entertainment Corporation (NYSE:FUN) shares are trading higher on Thursday. The company announced financial results for standalone legacy Cedar Fair and standalone Legacy Six Flags for the quarter ended June 30, 2024. The merger of legacy Cedar Fair and legacy Six Flags occurred on July 1, 2024, after the second quarter close. For Legacy Cedar Fair, net revenues in the second quarter totaled a record $572 million, an increase of 14%. Legacy Cedar Fair’s Adjusted EBITDA reached $205 million, marking a 36% increase of $54 million, with an Adjusted EBITDA margin of 35.9%. Attendance hit a high of 8.6 million guests, up 17% or 1.2 million guests. In-park per capita spending decreased by 3% to $59.54. Out-of-park revenues ...