Six Flags Entertainment (FUN): Q3 2026 10-Q shows $37.1M trade name impairment in Q1
Nine-month Same-Park Adj. EBITDA up $61.8M; Q3 up $5.4M, margin down 0.13%; $71M trade name impairments in Q1 2026.
What this filing says
Six Flags filed its quarterly report for the period ended September 27, 2026, showing a $37.1 million impairment on the Six Flags trade name and $1.6 million on the Schlitterbahn trade name, recorded in the first quarter after a 2026 sale transaction cut projected revenues. For nine months, Adjusted EBITDA on a Same-Park Basis rose $61.8 million, driven by higher attendance, per capita spending and out-of-park revenue, plus lower planned wage and advertising costs. Deferred revenue fell $34.0 million year over year to $331.3 million.
Key figures
- Six Flags trade name impairment
- $37.1 million
- Schlitterbahn trade name impairment
- $1.6 million
- Nine-month Same-Park Adjusted EBITDA increase
- $61.8 million
- Three-month Same-Park Adjusted EBITDA increase
- $5.4 million
- Total deferred revenue
- $331.3 million
- Shares outstanding as of October 30, 2026
- 102,309,821
Positive for shareholders
- Same-Park Adjusted EBITDA rose for the nine-month period, driven by higher attendance and spending.
- Adjusted EBITDA margin on a Same-Park Basis increased 2.02% for the nine months.
Negative for shareholders
- Impairment charges of $37.1 million and $1.6 million were recorded on trade names after the 2026 sale transaction reduced projected revenues.
- Total deferred revenue decreased $34.0 million compared with the prior year.
- For the three months, Adjusted EBITDA Margin on a Same-Park Basis decreased 0.13%.
Written by Quantisnow AI from this filing. Not financial advice.
Key terms
- Same-Park Basis:
- A comparison that includes only parks operating in both periods being compared, so results are not distorted by parks added or removed.
- Modified EBITDA:
- A company-defined profit measure of earnings before interest, taxes, depreciation, amortization and other items set out in its credit agreement, not a GAAP figure.
- Deferred revenue:
- Cash received for future services, such as season passes, that is recorded as a liability until the service is delivered.
- Trade name impairment:
- A write-down of the recorded value of a brand name when its estimated fair value falls below its carrying amount on the books.
FAQ
Why did Six Flags record impairment charges on its trade names?
The filing says that after the 2026 Sale Transaction, projected revenues tied to the Six Flags and Schlitterbahn trade names were reduced by revenues contributed by the disposal group, so the company tested them and recorded losses of $37.1 million and $1.6 million.
How did Six Flags' Adjusted EBITDA perform for the nine months ended September 27, 2026?
Adjusted EBITDA on a Same-Park Basis increased $61.8 million, and Adjusted EBITDA margin on a Same-Park Basis increased 2.02%, driven by higher attendance, per capita spending, out-of-park revenues and lower planned expenses.
Historical context for FUN
Across the 24 sessions after earlier FUN headlines, the stock closed higher 10 times and lower 14 times, with a median move of 2.3% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | FUN | SPY |
|---|---|---|---|
| Nov 5, 2026 | Six Flags Entertainment Corporation Reports 2026 Third Quarter Results | +16.5% | -4.4% |
| Oct 8, 2026 | Six Flags to Announce 2026 Third Quarter Results on November 5; Earnings Call Starts at 8 AM EST | -1.9% | -0.4% |
| Sep 14, 2026 | Six Flags Dominates 2026 Golden Ticket Awards With Top Honors for New Attractions, Roller Coasters and Entertainment | +0.5% | -0.4% |
| Sep 8, 2026 | Six Flags Acquires Iconic ArieForce One, Bringing Fan-Favorite Roller Coaster Back to Lifeand 1 other headline that session | +1.5% | -0.5% |
| Aug 25, 2026 | Six Flags Announces Corporate Headquarters Relocation to Arlington, Texasand 1 other headline that session | -1.9% | +0.3% |
| Aug 17, 2026 | Six Flags raises the fear factor in 2026 with largest-ever lineup of horror franchises and immersive haunted attractions at North America's biggest Halloween party | -4.9% | -0.5% |
Keep researching FUN
- FUN financial statementsRevenue, profit, cash flow and balance sheet from Six Flags Entertainment Corporation's SEC filings.
- What is Form 10-Q?The quarterly report US public companies file with the SEC for each of the first three fiscal quarters, with unaudited financial statements and MD&A.
- Form 10-K vs 10-QThe difference between a 10-K and a 10-Q: what each report contains, filing deadlines by company size, audited vs reviewed financials, and which sections to read first.
- FUN insider tradesEvery buy and sale reported by Six Flags Entertainment Corporation officers, directors and large holders.
- FUN earnings historyPast Six Flags Entertainment Corporation earnings releases, newest first.
- Market cap
- 30-day
- Sector
- Consumer Discretionary
- Industry
- Services-Misc. Amusement & Recreation
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