Filing Flows › Six Flags Entertainment (FUN) › Q2 2025
Six Flags Entertainment (FUN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Six Flags Entertainment (FUN) reported revenue of $930M for the second quarter 2025 (Q2 2025), +63% from a year earlier and +360% from the quarter before. Operating margin was 8.0%, net loss $74.8M (8.0% of revenue).
Six Flags Entertainment, Q2 2025: revenue $930M (+63% year over year), operating margin 8.0%, net loss $74.8M, operating cash flow $187M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $930M | +360% | +63% |
| Operating profit | $74.5M | — | — |
| Net earnings | −$74.8M | — | — |
| Operating cash flow | $187M | — | +4% |
| Free cash flow | $18.8M | — | -84% |
What changed
Revenue was $930.4M in Q2 2025, up 63% year over year and up 360% from the previous quarter. Admissions was the largest line at 52% of revenue. Admissions added $206.1M year over year (up 74%), 57% of the total change.
Operating profit was $74.5M, a 8.0% margin (down 13.5 points year over year). Operating profit fell $48.7M even though revenue rose $358.8M versus a year earlier, so costs grew faster than sales. Total costs grew 91% against revenue growth of 63%. The fastest-growing cost line was Other operating costs (+96%). The quarter ended with a net loss of $74.8M, narrower than the previous quarter's $219.7M loss. Net interest and other expense of $73.0M was the main reason.
Operating cash flow was $187.0M (up 4% year over year). Non-cash charges added back $134.6M of depreciation and amortization and $8.9M of share-based compensation. Working capital and other items added $118.2M. Capital expenditures of $168.1M left free cash flow of $18.8M.
Questions
What was Six Flags Entertainment's revenue in the second quarter 2025?
Six Flags Entertainment (FUN) reported revenue of $930M for the second quarter 2025 (Q2 2025), +63% from a year earlier and +360% from the quarter before.
Was Six Flags Entertainment profitable in the second quarter 2025?
Operating profit was $74.5M (8.0% of revenue) and net loss $74.8M.