Six Flags Entertainment Corporation (NYSE:FUN) reported its first-quarter earnings on Thursday, surpassing analyst expectations on the top line.

The amusement park giant posted net revenues of $225.6 million, an increase from $202.06 million the prior year. Wall Street analysts estimated revenue at $207.75 million.

The stock surged over 10%, as high short interest—exceeding 23% of the float—likely acted as a catalyst, amplifying buying pressure and accelerating the rally.

Spending Gains Drive Revenue Beat

The company saw a 6% rise in per capita spending, reaching $69.26. Management attributed this growth to effective ticket pricing and higher food and beverage sales. Total attendance also grew by 4% to 2.9 million visits. These gains occurred despite operating days decreasing to 369 from 393 in the prior-year period.

Bottom Line Pressures Persist

The quarterly net loss attributable to Six Flags totaled $269 ...