Cedar Fair LP
NYSE:FUN

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Cedar Fair LP
NYSE:FUN
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Price: 21.01 USD 3.5% Market Closed
Market Cap: $2.1B

Cedar Fair LP
Investor Relations

Cedar Fair owns and runs large regional amusement parks, water parks, and related entertainment properties in North America. Its best-known parks feature roller coasters, rides, live shows, and seasonal events that draw families, teens, and tourists looking for a day trip or short vacation. The company also sells food, drinks, parking, games, and lodging where it has hotels or campgrounds. Its main customers are leisure visitors who buy tickets, passes, and in-park extras. Cedar Fair makes money the same way most theme park operators do: by charging admission and then earning more from spending inside the parks on dining, merchandise, and special experiences. Lodging and resort-style stays add another source of revenue tied to park visits. What makes Cedar Fair’s business different is that it owns physical destination assets that are hard to copy and depend on local travel demand, weather, and repeat family visits. The company’s parks are the core product, so success depends on keeping attractions fresh and giving guests reasons to return year after year.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 7, 2026
AI Summary
Q1 2026

Strong quarter: Attendance rose 4%, per-capita spending rose 6%, and net revenue increased 12% year over year, with adjusted EBITDA up $48 million.

Demand mix improved: Management said pricing and revenue management changes are driving more trade-up into higher-value pass products, especially the new regional Gold Pass.

Cost discipline: Operating costs were down meaningfully, and management said it is still pushing on procurement, overhead, and park-level efficiency to improve margins.

Portfolio reshaping: Six smaller U.S. parks have been sold, Montreal is expected to close in Q2, and the company says it has no other 2026 closure plans.

No formal guidance: Management declined to provide earnings guidance, but did give 2026 CapEx, cash interest, and cash tax expectations and said Q2 will still face some tough comps.

Key Financials
Attendance
up 4%
Per capita spending
up 6%
Net revenue
up 12%
Adjusted EBITDA
up $48 million
Admissions per capita
up 3%
In-park product per capita spending
up 10%
Operating costs
down meaningfully
Operating day changes in Q1
24-day reduction
CapEx
$425 million to $450 million
Cash interest
$300 million to $320 million
Cash taxes
$25 million to $30 million
2025 EBITDA margin
27%
Other Earnings Calls

Management

Mr. Richard A. Zimmerman
President, CEO & Director
No Bio Available
Mr. Brian C. Witherow
Chief Financial Officer
No Bio Available
Mr. Tim V. Fisher
Chief Operating Officer
No Bio Available
Mr. Brian M. Nurse
Chief Legal & Compliance Officer and Corporate Secretary
No Bio Available
Ms. Monica R. Sauls
Chief HR, People & Culture Officer
No Bio Available
Mr. Selim A. Bassoul
Executive Chairman
No Bio Available
Mr. David R. Hoffman
Chief Accounting Officer
No Bio Available
Mr. Ty Tastepe
Chief Digital & Technology Officer
No Bio Available
Mr. Michael Russell
Corporate Director of Investor Relations
No Bio Available
Mr. Scott Tanner
Corporate Vice President of Sales - Cedar Fair Management Co.
No Bio Available

Contacts

Address
OHIO
Sandusky
1 Cedar Point Dr
Contacts
+14196260830.0
www.cedarfair.com
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