Feb. 19, 2026
— Jeff Ward, Lehigh Valley News Briefs
Six Flags, the owner of Dorney Park in South Whitehall, reported 2025 results today that did not meet the company’s expectations.
The company also acknowledged some confusion about its pass program, an issue that has bothered some Dorney Park & Wildwater Kingdom members. Here is a link to information about passes.
In the fourth quarter, revenue was $650 million, down 5% from a year ago. Attendance was 9.3 million, down 13% or 1.4 million people from the fourth quarter of 2024. On the bright side, per capital spending was $66.41, up 8%, but the net loss for the quarter was $92 million.
The company cited weather and the elimination of some holiday events for declines, while citing a need for “sharper execution” in 2026.
In the earnings statement, Chief Executive John Reilly said “in 2026, we will continue to invest heavily in an exciting slate of family-oriented attractions, food and beverage facility upgrades, and record-breaking roller coasters.”
Reilly said during a conference call that the company sees no problems with consumers wanting to go to the parks, while acknowledging some missteps. He said the company is looking at cost cuts but not in a way that will affect customers’ enjoyment of the parks.
“We need more urgency in the organization,” Reilly said, adding later that Six Flags also needs “more accountability.”
Reilly added that he and his team have been looking at underperforming parks.
“The issues are not systemic. the issues are market-by-market, park-by-park,” he said, citing price, attendance and costs as factors at parks.
“The key for us is to approach these parks issue-by-issue,” Reilly said.
That was after he conceded, “2025 results fell short of our expectations.” Reilly took over as CEO two months ago.
There may be an increase in “operating days” in 2026, meaning more revenue.
Six Flags (NYSE:FUN) combined with Cedar Fair, which owned Dorney, in 2024. Since then, the company’s debt and results have weighed on the stock price. The closing share price Wednesday was $16.22, a third of the 52-week high.
At 8:27 a.m. today, the share price had moved up 37 cents to $16.59, but trading before the opening of regular markets is not always an indication of later movement.
Six Flags has discussed selling parks as a possibility. The company is in the amusement business, but also in the real estate business. It has sold property to developers.
Here is a link to the earnings report.
Six Flags Entertainment, according to its website, is North America’s largest regional amusement-resort operator with 26 amusement parks, 15 water parks and nine resorts across 16 states in the U.S., Canada and Mexico. It also manages an amusement park in Saudi Arabia.
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