Six Flags Q2 revenue comes in well below estimates, CEO Zimmerman to step down

Published 06/08/2025, 11:16
© Reuters

Investint.com -- Six Flags (NYSE:SIX) reported weaker-than-expected second-quarter revenue and announced that CEO Richard Zimmerman will step down by the end of 2025.

Revenue for the quarter came in at $930 million, below the $1.03 billion consensus.

Adjusted EBITDA totaled $243 million, including $62 million from the legacy Six Flags operations following the recent merger.

The company’s shares slipped 0.7% in premarket trading Wednesday by 06:14 ET. 

Looking ahead, the company now expects full-year adjusted EBITDA between $860 million and $910 million.

"The start of the 2025 season, including our second quarter results reported today, fell significantly short of our expectations, a disappointing outcome given the solid progress we achieved post-merger with smart, early-stage initiatives coupled with a very compelling capital program," said Six Flags CEO Richard Zimmerman.

Attendance for the five weeks ending Aug. 3 rose 1% year-on-year to 11 million guests, while in-park per capita spending was down approximately 4%.

Six Flags said second-quarter performance was hurt by "unfavorable weather across most of the company’s key markets," including extended periods of rain, extreme heat, and severe storms.

Alongside the results, Six Flags announced that Zimmerman will step down as president and CEO later this year. He will remain in the role until a successor is appointed and will continue to serve on the company’s board.

The board has launched a search process for his replacement, considering both internal and external candidates.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.