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Warner Music Group vs Six Flags Entertainment: WMG and FUN compared
Warner Music Group is the larger company: $1.9B of revenue in its latest quarter (Q3 FY26) against $1.2B for Six Flags Entertainment (Q3 2026). Warner Music Group is growing faster (+10% against -11% a year earlier). Warner Music Group is more profitable, with an operating margin of 16.4% against -25.6%.
Where the money goes: WMG and FUN
Warner Music Group (WMG) · Q3 FY26
Warner Music Group, Q3 FY26: revenue $1.9B (+10% year over year), operating margin 16.4%, net earnings $204M, operating cash flow $142M. The chart follows the revenue to costs, profit and cash.
Six Flags Entertainment (FUN) · Q3 2026
Six Flags Entertainment, Q3 2026: revenue $1.2B (-11% year over year), operating margin -25.6%, net loss $341M, operating cash flow $346M. The chart follows the revenue to costs, profit and cash.
| Warner Music Group (WMG) | Six Flags Entertainment (FUN) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $1.9B | $1.2B |
| Revenue growth, Y/Y | +10% | -11% |
| Operating margin | 16.4% | -25.6% |
| Net earnings | $204M | −$341M |
| Net margin | 10.9% | -29.1% |
| Operating cash flow | $142M | $346M |
| Free cash flow | $114M | $254M |
| Market value | $16.5B | $1.0B |
| P/E | 24.8× | — |
| Analysts’ mean target | $38.00 | $15.00 |
Where the revenue comes from
Six Flags Entertainment
- Admissions: $584M (50%)
- Food, merchandise and games: $394M (34%)
- Accommodations, extra-charge products and other: $196M (17%)
Questions
Which is bigger, Warner Music Group or Six Flags Entertainment?
Warner Music Group is the larger company: $1.9B of revenue in its latest quarter (Q3 FY26) against $1.2B for Six Flags Entertainment (Q3 2026).
Is Warner Music Group or Six Flags Entertainment growing faster?
Warner Music Group is growing faster (+10% against -11% a year earlier).
Which is more profitable, Warner Music Group or Six Flags Entertainment?
Warner Music Group is more profitable, with an operating margin of 16.4% against -25.6%.
More: Warner Music Group earnings · how Warner Music Group makes money · Six Flags Entertainment earnings · how Six Flags Entertainment makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 5, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.