The company’s bottom line took a significant hit, falling from $21.7 million in the same period last year to just 16 cents per share. Adjusted earnings reached 22 cents a share, failing to meet the consensus estimate of 56 cents. Revenue also contracted to $559.2 million, trailing the $580.6 million target set by FactSet analysts.

While food and beverage sales showed resilience with an increase to $214.1 million, the core entertainment segment struggled, falling to $345.1 million. Chief Executive Tarun Lal remains optimistic about the company’s internal turnaround strategy, pointing toward a goal of generating over $100 million in free cash flow by fiscal 2026. Despite this outlook, investor confidence wavered; shares dropped 4.4% in after-hours trading, adding to a year-to-date decline of 24%.