Chief Financial Officer, Six Flags Entertainment -old
Search every verified Brian Witherow interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. During a Six Flags investor day webcast on May 20, 2025, Brian Witherow outlined the company's financial strategy following the merger of Cedar Fair and Six Flags. He stated that the company is investing a billion dollars over the next two years in rides, attractions, and experiences. Witherow said the company has a "very clear path" to reducing leverage, targeting a reduction to below four times by the end of 2026, and that it is "on track to significantly overdeliver against our initial cost estimates." Witherow presented financial targets for 2028, including 58 million in attendance, $3.8 billion in revenue, $1.5 billion in adjusted EBITDA, and a 40% margin. He described a "volume strategy" for revenue growth, with approximately 90% of in-park spending growth expected from higher transaction counts and values rather than pricing. He also projected growing annual free cash flow by more than $400 million over four years, a growth rate he characterized as more than 40%.
“Over the next two years, Six Flags is investing a billion dollars to bring you even more amazing rides, attractions, and experiences. Think thrill rides that will blow your mind, delicious new menu items created by our executive chefs, and festivals and events that will keep you coming back for more.”
“We have a very clear path to reducing our leverage with ample room to keep reinvesting in the business. Our leverage is higher than I would like and we're going to get that down. We will reduce our leverage to below four times by the end of 2026. Once we're below four times, we'll have the capacity and flexibility to r...”
“By 2028, we're targeting 58 million in attendance and 3.8 billion in revenue. When you combine the attendance and the revenue growth with rigorous cost management, we can deliver 1.5 billion in adjusted EBITDA and a 40% margin. We think there's a very clear path to 40%.”
“We sold over 7 million season passes on the buying company last year. That will grow. We have a great steady base of business. You come with your grandparents when you're young, you come with your friends when you're teenagers, you bring your date when you're a young adult, and then when you have kids, everybody comes...”
9:00 AM - 9:05 AM - Welcome - Presenter: Michael Russell, Corporate Director, Investor Relations • 9:05 AM - 9:30 AM - The New ...
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