Six Flags Entertainment Corporation reported its fourth-quarter 2024 results, with quarterly sales of $687.31 million, falling short of the street's estimate of $700.52 million. The company's Adjusted EBITDA for the quarter also missed expectations, coming in approximately 30% below the Street’s estimate of $190 million.
Net revenues for the quarter increased by 3.6% year-over-year to $687 million, reflecting the impact of the merger of legacy Cedar Fair and legacy Six Flags on July 1, 2024. The miss on both revenue and EBITDA indicates operational challenges or higher-than-anticipated costs during the post-merger integration period.
The company also provided its Adjusted EBITDA guidance for 2025, a key forward-looking metric for investors to evaluate the company's expected profitability. This guidance will be closely watched as the company navigates its first full year as a combined entity.
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