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Q1 revenue rose 12% to $225.6 million, attendance increased 4% to 2.9 million visits despite fewer operating days, per-capita spending increased 6% to $69.26, and adjusted EBITDA loss improved by $48 million year over year. The company also reported year-to-date attendance through May 3 up 4% on a same-park basis and an active pass base of about 5 million units, up 6%, making the next summer update the key test of whether the early pass and mix gains persist [#10-Q-2026-05-07].

The company tied its 2026 improvement plan to pricing, product mix, pass growth and cost efficiency, while the seven-park sale reduced the portfolio and the 10-Q said the U.S. property sales closed on April 6 with the Canadian closing expected in May. Q1 operating costs and expenses fell $50.4 million, but leverage remains heavy, with net debt around $5.27 billion and leverage tests still above 5.50x, so the longer-term equity case still depends on sustained summer execution, synergy capture and debt reduction [#10-Q-2026-05-07].