Valencia, California, August 27, 2026, 09:16 (EDT)
- Cal/OSHA is conducting an inspection of X2 following an incident in July; the roller coaster is still shut.
- CNN said two women experienced comparable brain hemorrhages after riding X2 in July.
- Every 100,000 visits equate to approximately $6.29 million based on Six Flags’ most recent per-capita spending rate.
- FUN ended Wednesday at $16.13, falling 2.77%, and eased another 0.25% before the bell.
Six Flags Entertainment Corporation (NYSE: FUN) is under renewed safety scrutiny after two severe brain hemorrhages were reported in connection with its X2 roller coaster within a six-day span. Authorities have yet to determine a direct link report.
The investor focus is on attendance, guest expenditure, and liability reserves. Last quarter, Six Flags recorded an average of $62.89 in revenue per visit. Thus, a swing of 100,000 visits equates to roughly $6.29 million.
Cal/OSHA launched a probe following a July 5 incident. Emergency responders were dispatched to Magic Mountain for an unconscious rider. The firm said X2 was still shut incident timeline.
The attraction has remained inactive for over a month. In a separate case, a family claims X2 led to a deadly brain injury in 2022. A jury trial is set to begin next month.
X2 features wing seats that rotate 360 degrees and incorporates head-first plunges. The ride is located in the Baja Ridge section at Magic Mountain. Six Flags continues to promote it as one of its signature thrill rides official X2 page.
The latest report came after a lackluster trading day. FUN ended Wednesday at $16.13, falling 2.77%. By 08:45 EDT Thursday, the stock was at $16.09 in premarket action, down 0.25% market data.
| Sample attendance shift | Impact on guest spending | Percentage of Q2 income |
|---|---|---|
| 50,000 entries | $3.14 million | 0.36% |
| 100,000 entries | $6.29 million | 0.73% |
| 250,000 entries | $15.72 million | 1.82% |
| 500,000 entries | $31.45 million | 3.64% |
Six Flags posted second-quarter revenue of $864.9 million. The company recorded 13.13 million in attendance. Operating income came in at $88.6 million, with a reported net loss of $202.6 million quarterly filing.
Same-park attendance grew by 4% for the quarter, while revenue on that basis was up 2.4%. July and August alone can account for almost half of the yearly attendance and generate over half of total earnings.
The balance sheet reflects accident exposure. As of June, self-insurance reserves—both current and long-term—were $141.3 million. Litigation reserves contributed an additional $12.5 million.
The total reserve of $153.8 million amounts to 9.3% of Six Flags’ $1.65 billion market capitalisation. Gross debt stood at $5.02 billion. As a result, fresh claims or extended shutdowns carry greater significance than X2’s individual revenues.
Wall Street’s outlook is generally positive, though opinions vary. Sixteen analysts have issued an average price target of $21.71 and rate the shares as Overweight. This target is 34.6% higher than the stock’s Wednesday close analyst estimates.
Risks: No park-specific attendance figures or revenue details are provided. Inspections could determine there is no design flaw. The company has yet to specify claims, repair expenses, or when X2 will resume operations.
Investors are advised to monitor the Cal/OSHA findings and the trial set for September. The reopening of X2 will offer a sign for operations. Any changes to reserves will indicate the scope financially.
