Six Flags Entertainment Announces Fiscal Year 2025 Results
"Siren's Curse" at Cedar Point (Six Flags Entertainment) // Photo: Courtesy of Cedar Point
(eap) “While 2025 results fell short of our expectations, the work completed over the past year has strengthened the foundation of our enterprise,” commented Six Flags President and CEO John Reilly on the results for fiscal year 2025 (FY 2025), which the U.S.-based operator group released today.
Accordingly, total net revenues for FY 2025, which ended on 31st December 2025, totaled USD 3.10 billion (approx. EUR 2.6 billion) – an increase compared to fiscal year 2024, when total revenues amounted to USD 2.71 billion (cf. EAP news of 27 Feb 2025). Net loss for the past fiscal year totaled USD 1.60 billion (approx. EUR 1.4 billion), compared with USD 207 million in 2024. Around USD 1.5 billion of this significantly higher net loss was attributable to a non-cash impairment charge on goodwill and other intangible assets. The Adjusted EBITDA for FY 2025 totaled USD 792 million (approx. EUR 672 million) – in 2024, this figure was USD 875 million.
Across a combined total of 5,738 operating days for all affiliated parks, 47.4 million guests were welcomed, with per capita spending averaging USD 61.90 (approx. EUR 52.55). “Over that time, we made significant investments to improve our park infrastructures, added exciting new attractions to our parks, upgraded our technology systems, and enhanced our food and beverage offerings – and in 2026, we will continue to invest heavily in an exciting slate of family-oriented attractions, food and beverage facility upgrades, and record-breaking roller coasters. At the same time, we are refining our approach to revenue management and marketing, and we are implementing clearer lines of accountability across the organization. With a portfolio that includes the most iconic regional theme parks located in some of the largest and fastest-growing markets in North America, combined with a sharper focus on execution, we are confident that our efforts will restore profitable growth that is sustainable over time,” Reilly continued. He officially succeeded Richard A. Zimmerman in December 2025 and has since served as CEO and President of the Six Flags group.
Following the merger of Six Flags and Cedar Fair Entertainment completed in summer 2024 (cf. EAP news of 2 July 2024), the group’s portfolio comprises a total of 26 amusement parks and 15 water parks as well as nine resort properties in the U.S., Canada and Mexico. In addition, the group manages Six Flags Qiddiya City in Saudi Arabia, which was officially inaugurated at the turn of the year (cf. EAP news of 7 Jan 2026). Learn more about Six Flags Qiddiya City in the upcoming issue of EAP Trade Magazine. ■
