Six Flags Entertainment Corporation (FUN)

In September 2025, Six Flags reported strong attendance growth and season pass sales, reaffirming its full-year 2025 guidance. In November 2025, the company announced the permanent closure of Six Flags America and Hurricane Harbor Maryland. Also in November 2025, Six Flags indicated it was weighing the future of its real estate as visitor demand softened. In December 2025, Six Flags Qiddiya City officially opened in Saudi Arabia. In January 2026, Six Flags announced it would not exercise its contractual call option to acquire the remaining partner interests in Six Flags Over Texas. Also in January 2026, Six Flags priced $1.0 billion of 8.625% Senior Notes due 2032. The company's stock price experienced a significant decline of 65.51% from January 13, 2025 to January 9, 2026.

Demand for Six Flags Entertainment Corp.'s products and services is highly seasonal. The peak tourist season occurs during the summer months. Shoulder seasons are typically in the spring and fall. The off-season is from November to March. Special events during the Halloween and holiday seasons also attract significant attendance.

Six Flags Entertainment Corp. operates in the Consumer Discretionary sector, focusing on Amusement Parks and Water Parks. The company provides recreational facilities and entertainment options, including amusement parks, water parks, and resort properties. Its major products and services include admissions, food and beverages, merchandise, games, accommodations, and other extra-charge products. Six Flags generates revenue through these offerings, catering to families and young people with thrilling rides and live entertainment. The company also holds licensing agreements with popular brands. In July 2024, Six Flags merged with Cedar Fair, creating a new entity that operates under the Six Flags name and the NYSE ticker symbol 'FUN'.

Six Flags Entertainment Corp. operates 41 locations across North America, including 26 amusement parks, 15 water parks, and 9 resort properties in the United States, Mexico, and Canada. The company also has an international presence with Six Flags Qiddiya City in Saudi Arabia, which officially opened on December 31, 2025.

In November 2025, Six Flags planned to invest US$1 billion to enhance the guest experience. Six Flags extended its licensing agreement with Peanuts Worldwide in September 2025 and announced plans in February 2025 to open a DC Universe-themed area in a U.S. amusement park. The opening of Six Flags Qiddiya City with record-breaking coasters in December 2025 also contributes positively to its brand image. The permanent closure of Six Flags America and Hurricane Harbor Maryland in November 2025 could have a localized impact on reputation.

Six Flags Entertainment Corp. is primarily owned by institutional investors, who hold a significant majority of the company's shares. Major institutional holders include BlackRock, Inc., The Vanguard Group, Darlington Partners Capital Management, Lp, Morgan Stanley, Sachem Head Capital Management LP, H Partners Management, Llc, Dendur Capital Lp, JANA Partners Management, LP, and State Street Corp. Following the merger with Cedar Fair on July 1, 2024, Cedar Fair unitholders became the majority owners, holding approximately 51.2% of the combined company, while legacy Six Flags shareholders held the remaining 48.8%.