Overview
- Chief financial officer Brian Witherow said the company aims to make its portfolio smaller and more nimble by focusing capital on higher‑return parks and monetizing others.
- Management confirmed an active review following the Nov. 2 permanent shutdown of Six Flags America near Washington, D.C., with California’s Great America still slated to close between 2028 and 2032.
- The company reiterated recent real‑estate monetizations in northern California, Bowie, Maryland, and Richmond, Virginia, with proceeds intended to reduce debt.
- No specific parks were named for sale or closure, though leaders said 2026 planning is underway and parks can shift between core and non‑core based on performance.
- Financial pressure persists after steep attendance declines earlier in 2025 and a third‑quarter miss that included a 2% revenue drop to $1.32 billion and a $1.2 billion net loss tied to a $1.5 billion impairment; a new investor group led by JANA Partners and Travis Kelce holds about 9%.