Vail Resorts, Inc. (NYSE: MTN) Q3 2025 Earnings Call | 06/05/2025

17 days ago

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Earnings Calls

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Vail Resorts, Inc. (NYSE: MTN) reported Q3 2025 results on June 5, 2025, posting net income of $392.8 million ($10.54 per diluted share), up from $362.0 million ($9.54) a year ago and beating analyst EPS estimates. Total revenue rose 1% year-over-year to $1.30 billion, slightly missing consensus expectations, as a 7% decline in skier visitation offset gains from higher pass pricing and the addition of the Crans-Montana resort. Lift revenue increased 3.3% to $770.3 million, driven by a 5.5% rise in pass product revenue, while non-pass lift revenue remained flat. Ski school revenue edged down 0.6% to $160.2 million, and dining revenue grew 1.4% to $111.0 million, both supported by incremental contributions from Crans-Montana. Retail and rental revenue fell 7.8% to $113.7 million due to lower on-mountain sales and rentals linked to reduced skier traffic. Resort Reported EBITDA was $647.7 million, nearly flat year-over-year, as higher operating expenses and one-time costs related to a CEO transition and efficiency initiatives offset revenue gains. Season pass sales for the 2025/2026 season declined 1% in units but rose 2% in dollar terms, reflecting a 7% price increase. The company declared a quarterly dividend of $2.22 per share and repurchased $30 million in stock, with expanded buyback authorization. Outlook: FY2025 net income guidance: $264–$298 million Resort Reported EBITDA guidance: $831–$851 million Guidance reflects lower lift ticket visitation, $24 million in one-time costs (CEO transition, transformation plan, Crans-Montana integration), and $7 million FX impact Focus on cost discipline and resource efficiency transformation plan About Inside Ticker: For more expert analysis and real-time updates on Vail Resorts, Inc. (NYSE: MTN) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #VailResorts #MTN #EarningsCall #Q32025 #SkiIndustry #EPSBeat #RevenueMiss #Visitation #Dividend #ShareBuyback #Investing #InsideTicker

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