Filing Flows › Six Flags Entertainment (FUN) › Q1 2025
Six Flags Entertainment (FUN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Six Flags Entertainment (FUN) reported revenue of $202M for the first quarter 2025 (Q1 2025), +99% from a year earlier and -71% from the quarter before. Operating margin was -158.9%, net loss $220M (108.7% of revenue).
Six Flags Entertainment, Q1 2025: revenue $202M (+99% year over year), operating margin -158.9%, net loss $220M, operating cash flow −$178M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $202M | -71% | +99% |
| Operating profit | −$321M | — | — |
| Net earnings | −$220M | — | — |
| Operating cash flow | −$178M | — | — |
What changed
Revenue was $202.1M in Q1 2025, up 99% year over year and down 71% from the previous quarter. Admissions was the largest line at 53% of revenue. Admissions added $59.4M year over year (up 125%), 59% of the total change.
Operating costs exceeded revenue by $321.0M, an operating margin of -158.9%. Total costs grew 130% against revenue growth of 99%. The fastest-growing cost line was Other operating costs (+142%). The quarter ended with a net loss of $219.7M, narrower than the previous quarter's $264.2M loss.
Operating cash flow was −$178.0M. Non-cash charges added back $102.3M of depreciation and amortization and $17.1M of share-based compensation. Working capital and other items used $77.7M. Capital expenditures of $139.9M exceeded it, leaving free cash flow of −$318.0M.
Questions
What was Six Flags Entertainment's revenue in the first quarter 2025?
Six Flags Entertainment (FUN) reported revenue of $202M for the first quarter 2025 (Q1 2025), +99% from a year earlier and -71% from the quarter before.
Was Six Flags Entertainment profitable in the first quarter 2025?
Operating loss was $321M (-158.9% of revenue) and net loss $220M.