Six Flags Reports Mixed Q2 Results: Cedar Fair Hits Records While Legacy Six Flags Attendance Faces Decline
Portfolio Pulse from Nabaparna Bhattacharya
Six Flags Entertainment Corporation (NYSE:FUN) reported mixed Q2 results for legacy Cedar Fair and legacy Six Flags. Legacy Cedar Fair achieved record net revenues and attendance, while legacy Six Flags saw a slight decline in revenue and attendance. The merger of the two companies occurred on July 1, 2024. FUN shares are trading higher by 2.46% following the announcement.
August 08, 2024 | 5:38 pm
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Six Flags Entertainment Corporation (NYSE:FUN) reported mixed Q2 results. Legacy Cedar Fair achieved record net revenues and attendance, while legacy Six Flags saw a slight decline in revenue and attendance. The merger of the two companies occurred on July 1, 2024. FUN shares are trading higher by 2.46% following the announcement.
The positive performance of legacy Cedar Fair, with record net revenues and attendance, outweighs the slight decline in legacy Six Flags' performance. This has led to a positive market reaction, with FUN shares trading higher by 2.46%.
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