Six Flags Investors: Time's Running Out to Step Up

The Merger That Was Supposed to Change Everything

On July 1, 2024, the amusement park industry witnessed a historic merger between Six Flags and Cedar Fair. The goal? To create the largest amusement park company in North America.

But the dream quickly turned into a nightmare.

The Financial Reality Check

By August 6, 2025, Six Flags released its second-quarter results, and they were disastrous:

• Revenue: Only $930 million (way below expectations)
• Adjusted EBITDA: $243 million (also underwhelming)
• Debt-to-Earnings Ratio: Skyrocketed to 6.2x

The company was forced to consider selling off parks to stay afloat.

The Fallout

• Earnings Forecast Cut: Six Flags slashed its 2025 earnings forecast by $215 million.
• CEO Resignation: Richard Zimmerman, the CEO, stepped down.
• Stock Price Collapse: From $55+ per share pre-merger to as low as $20 per share post-disaster.

The Blame Game

Six Flags blamed bad weather, but analysts pointed to rising costs and unrealized merger benefits as the real culprits.

Legal Troubles

Now, Six Flags faces a lawsuit alleging misleading financial disclosures before the merger. Investors claim the company underinvested in parks and operations, making it hard to compete.

Deadline to Join the Lawsuit: January 5, 2026

What’s Next?

The future of Six Flags remains uncertain. Will they recover, or will this merger go down as one of the biggest failures in amusement park history?