GET DAILY SIGNALSSix Flags Entertainment (FUN) Delivers Steady Summer Results but Cuts Fourth-Quarter Outlook
Key Takeaways
- Six Flags Entertainment reported third-quarter 2026 net revenues of $1.17 billion on a same-park basis, up 1.4% from the prior year.
- Adjusted EBITDA rose 1.1% to $493.2 million, holding the same-park margin near 42%.
- On a GAAP basis, the company posted a net loss of $366 million, or $3.59 per diluted share, weighed down by a $688 million non-cash impairment charge.
- Per-capita spending increased 1.3% to $60.51, while same-park attendance was roughly flat at 18.2 million guests.
- The active season pass and membership base grew 7.1% to 7.1 million, with passholders making up about 61% of attendance.
- Management cut fourth-quarter same-park Adjusted EBITDA guidance to $140 million–$150 million after a soft October and a ride incident at Six Flags Over Georgia.
- For deeper coverage, explore Six Flags Entertainment (FUN) Major News, Today's Price Move, Price Targets, and Forecasts on additional pages.
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Why the Third Quarter Matters
The third quarter remains the most important period for Six Flags Entertainment (FUN), the largest regional amusement park operator in North America, since summer months account for the majority of attendance and profitability. This report came at a key time as the company continues integrating the former Cedar Fair and Six Flags portfolios, divesting non-core parks, and emphasizing its season pass strategy. I was watching closely for signs that same-park growth, per-guest spending, and free cash flow momentum could hold up. The results showed steady operating gains during peak season alongside a weaker near-term outlook tied to weather, an October safety incident, and softer fall demand.
Breaking Down the Reported Figures
For the fiscal third quarter ended September 27, 2026, Six Flags Entertainment (FUN) reported net revenues of $1.173 billion. On a same-park basis, net revenues rose 1.4% to $1.17 billion. Adjusted EBITDA grew 1.1% to $493.2 million, with the same-park margin holding near 42%. Per-capita spending increased 1.3% to $60.51, supported by higher admissions and in-park spending, while attendance stayed essentially flat at 18.2 million guests. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
The reported figures reflect portfolio changes, with eight parks from the prior-year comparison no longer operated, which explains the headline revenue decline of 11% year over year. On a GAAP basis, the company recorded a net loss of $366 million, or $3.59 per diluted share, reflecting $688 million in non-cash impairment charges tied to goodwill, trade names, and long-lived assets. Adjusted earnings came in at $2.70 per share. The active pass and membership base reached 7.1 million, up 7.1%, with average pass pricing up 2.0%.
Market Reaction and Sentiment
Shares of Six Flags Entertainment (FUN) traded higher in the premarket after the release, reflecting relief over solid summer metrics alongside concern about the guidance cut. The stock has faced pressure over the past year, and sentiment was already cautious. A short interest of roughly 29% of the float added to volatility potential. The response underscored the quarter’s central tension: a respectable operating beat on core summer metrics offset by a weaker fourth-quarter outlook and questions around the October ride incident in Georgia.
Forward Outlook and Factors to Watch
The near-term focus is the fourth quarter. Management now expects same-park Adjusted EBITDA of $140 million to $150 million, down from $167 million a year earlier. October attendance fell about 9%, with the decline split between unfavorable weather and the Six Flags Over Georgia incident that led to proactive ride closures across the portfolio. The company launched a comprehensive third-party ride safety review, which could carry cost and operational implications ahead.
The balance sheet picture looks more encouraging. Operating cash flow for the first nine months rose 36.5% to $498.5 million, and total liquidity reached $1.06 billion with nothing drawn on the revolving credit facility. Total debt declined by $275 million from year-end 2025. Management trimmed its 2026 capital expenditures forecast to $350 million–$375 million due to timing of large ride projects rather than maintenance cuts.
Further out, investors should watch the season pass base trajectory into 2027. Management expects to enter next year with roughly 3.7 million active passholders and members, flat to slightly up on a same-park basis, reflecting a later pass launch. Cross-park visitation, running about five times last year’s level, remains a key growth lever. Safety-related costs, litigation and insurance exposure, and any further park or real estate sales will also shape the story.
Exploring Tickeron’s AI Tools in My Research
I’ve found Tickeron’s AI Screener particularly useful when comparing Six Flags Entertainment (FUN) against peers in the leisure sector. It lets me apply filters for technical patterns, fundamentals, and performance metrics to surface relevant setups quickly. The AI Daily Buy/Sell Signals have also helped me track momentum shifts without manually reviewing every chart. These tools fit naturally into my routine for staying on top of names like this one.
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
Momentum Indicator for FUN turns positive, indicating new upward trend
FUN saw its Momentum Indicator move above the 0 level on November 04, 2026. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 81 similar instances where the indicator turned positive. In 57 of the 81 cases, the stock moved higher in the following days. The odds of a move higher are at 70%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where FUN's RSI Indicator exited the oversold zone, 25 of 38 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 66%.
The Moving Average Convergence Divergence (MACD) for FUN just turned positive on October 29, 2026. Looking at past instances where FUN's MACD turned positive, the stock continued to rise in 32 of 49 cases over the following month. The odds of a continued upward trend are 65%.
Following a +13.88% 3-day Advance, the price is estimated to grow further. Considering data from situations where FUN advanced for three days, in 180 of 272 cases, the price rose further within the following month. The odds of a continued upward trend are 66%.
FUN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FUN declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 72%.
The Aroon Indicator for FUN entered a downward trend on November 04, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 9 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 78 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (7.072) is normal, around the industry mean (1.792). P/E Ratio (-0.457) is within average values for comparable stocks, (1.385). Projected Growth (PEG Ratio) (0.960) is also within normal values, averaging (1.411). FUN's Dividend Yield (0.151) is considerably higher than the industry average of (0.032). P/S Ratio (0.410) is also within normal values, averaging (4.604).
The Tickeron Price Growth Rating for this company is 93 (best 1 - 100 worst), indicating slightly worse than average price growth. FUN’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 100 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. FUN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock worse than average.
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General Information
an operator of amusement parks
Industry RecreationalProducts
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