Six Flags Entertainment is seeing stronger engagement from season-pass and membership customers after shrinking its park portfolio, with season-pass visitation increasing 10% and its active pass base growing 6% on a same-park basis during the second quarter of 2026.
Season-to-date pass sales increased 7%, while the active pass base increased 6%. Management said customers are also showing encouraging demand for higher-tier season passes and expanded membership offerings, which are designed to increase recurring revenue and improve visibility into future attendance.
The higher pass engagement helped same-park attendance increase 4% to 13.1 million visits. Same-park revenue increased 2.4% to $864 million, while Adjusted EBITDA increased 7% to approximately $249 million.
Season-pass visitation was a particularly important contributor, increasing 10% year-over-year. Six Flags achieved the attendance gain despite approximately 3% fewer operating days across its current portfolio.
The performance follows a substantial portfolio restructuring. Six Flags sold seven parks to EPR Properties before the beginning of 2026 park operations and stopped operating another combined amusement and water park in Bowie, Maryland, following the 2025 season.
Management said the divestiture of the seven non-core parks allows Six Flags to concentrate capital and operating resources on properties offering the highest potential returns.
The shift also creates a large difference between reported and same-park results. Reported Q2 revenue declined 7% to $865 million and reported attendance declined 7%, reflecting the smaller portfolio. On a same-park basis, however, revenue, attendance and Adjusted EBITDA all increased.
Six Flags continues prioritizing leverage reduction. The company ended Q2 with approximately $4.9 billion of net debt, $135 million of cash and total liquidity of $837 million.
KEY QUOTES:
“Guests continue to respond favorably to our flexible, benefit-rich season pass and membership offerings.”
“With the divestiture of seven non-core parks complete, we are focusing our resources on parks with the highest returns.”
John Reilly, President and CEO of Six Flags
