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Six Flags Posts $100 Million Q2 Loss, CEO Zimmerman to Step Down

A 9% attendance drop caused by severe weather forced Six Flags to lower its EBITDA forecast to $860–910 million, with Zimmerman remaining interim CEO through the transition

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Overview

  • Six Flags reported a net loss of $100 million in the second quarter on $930 million in revenue, with attendance falling to 14.2 million guests, down 9% year-over-year
  • Unfavorable weather impacted operations on 379 days and forced 49 park closures, driving the shortfall in guest visits during the critical summer months
  • The company’s active season-pass base declined by 8% to approximately 6.7 million units as of June 29, reducing advance sales and membership revenue
  • Six Flags trimmed its full-year EBITDA outlook to a range of $860 million to $910 million, citing weather headwinds, weaker season-pass sales and economic uncertainty
  • Richard A. Zimmerman will step down as president and CEO by the end of 2025 and remain in his roles until the board appoints a successor