The following is a summary of the Six Flags Entertainment Corporation (FUN) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Six Flags reported a net revenue of $1.35 billion with attendance of 21 million visits in Q3 2024, impacted by extreme weather events.

• Operating costs and expenses for the third quarter totaled $894 million.

• Adjusted EBITDA for the third quarter totaled $558 million, demonstrating solid performance, partially offset by fiscal calendar shifts and weather impacts.

• The company ended Q3 with $90 million in cash and $4.8 billion in gross debt, showing a well-maintained balance sheet.

Business Progress:

• Integration progress post Six Flags-Cedar Fair merger, showing robust demand for Halloween events, indicating strong seasonal performance.

• Sales of 2025 season passes increased by 8% with an average price up by 3%, displaying healthy consumer demand and successful pricing strategy.

• Future capital expenditure plans of $500 million to $525 million annually in 2025 and 2026 to drive growth and integrate operations further.

Opportunities:

• Substantial growth in season pass sales and higher average pass price demonstrate capacity to boost revenue through strategic pricing and improved attendance.

• Significant investment plans outline opportunities for enhancing park attractions and infrastructure to support long-term growth and visitor satisfaction.

Risks:

• Potential disruptions from extreme weather events as experienced with Hurricanes Beryl, Debby, and Helene impacting operations and attendance.

• Operational challenges linked to the integration of Six Flags and Cedar Fair operations could affect performance if not managed efficiently.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.