Filing Flows › Six Flags Entertainment (FUN) › Q3 2025
Six Flags Entertainment (FUN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Six Flags Entertainment (FUN) reported revenue of $1.3B for the third quarter 2025 (Q3 2025), -2% from a year earlier and +42% from the quarter before. Operating margin was -83.7%, net loss $1.2B (88.2% of revenue).
Six Flags Entertainment, Q3 2025: revenue $1.3B (-2% year over year), operating margin -83.7%, net loss $1.2B, operating cash flow $356M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +42% | -2% |
| Operating profit | −$1.1B | -1582% | — |
| Net earnings | −$1.2B | — | — |
| Operating cash flow | $356M | +90% | +6% |
| Free cash flow | $256M | 14× | +13% |
What changed
Revenue was $1.3B in Q3 2025, down 2% year over year and up 42% from the previous quarter. Admissions was the largest line at 50% of revenue. Admissions lost $0.05B year over year (down 7%), 170% of the total change.
Operating costs exceeded revenue by $1.1B, an operating margin of -83.7%. Total costs grew 123% against a revenue fall of 2%. The fastest-growing cost line was Other operating costs (+187%). The quarter ended with a net loss of $1.2B, wider than the previous quarter's $0.07B loss.
Operating cash flow was $0.36B (up 6% year over year). Non-cash charges added back $0.13B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $1.4B. Capital expenditures of $0.10B left free cash flow of $0.26B.
Questions
What was Six Flags Entertainment's revenue in the third quarter 2025?
Six Flags Entertainment (FUN) reported revenue of $1.3B for the third quarter 2025 (Q3 2025), -2% from a year earlier and +42% from the quarter before.
Was Six Flags Entertainment profitable in the third quarter 2025?
Operating loss was $1.1B (-83.7% of revenue) and net loss $1.2B.