Six Flags posted Q4 2025 results this week. Modified EBITDA margin fell from 33.2% to 27.1%. Attendance dropped 13%, with roughly 425,000 of those lost visits tied directly to cutting winter holiday events at four parks — a decision the company now calls a self-inflicted headwind. New CEO John Reilly is two months into the job and was candid about not having a full plan yet. He's toured 14 parks, collected over 300 employee proposals, and shared examples from his listening tour: increasing ride uptime and throughput, placing executive chefs in parks, buying equipment the chain has been renting for years at a loss. All good ideas. All things that probably should have been happening already. What the examples reveal is a deeper structural problem with how information and decisions have flowed across 26 parks — and whether the merger made that worse. Reilly deserves time. But the margin, the debt, and the parks that barely contribute to EBITDA aren't going to wait forever.
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Join Philip and Scott this week as they dive into the latest business news, focusing on the recent Six Flags earnings call. They break down the Q4 earnings report, offering insights into the company's financial performance. This discussion provides valuable context for anyone interested in the stock market and investing trends within the theme park industry.
