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Inside Take-Two: The Grand Anticipation
The story of how Take-Two Interactive built the empire behind Grand Theft Auto, Red Dead Redemption, and one of gaming's largest mobile portfolios.
Pierre et Vacances
Pierre et Vacances (VAC) investor relations material
Pierre et Vacances Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary23 Jul, 2026
Executive summary
Economic revenue from tourism businesses rose 2.2% in Q3 2025/2026 and 4.5% over the first nine months, reaching €1,304 million.
Customer satisfaction improved across all brands, with Net Promoter Scores up for maeva & co (+4.0 pts), Pierre & Vacances (+3.5 pts), Center Parcs (+1.1 pts), and Adagio (+1.1 pts).
Strong summer reservations and last-minute bookings support the confirmed EBITDA forecast for the year.
Financial highlights
Q3 economic revenue for tourism: €483.1 million, up 2.2% year-over-year; nine-month tourism revenue: €1,288.9 million, up 4.5%.
Q3 accommodation revenue: €369.2 million, up 1.9% year-over-year; nine-month accommodation revenue: €988.9 million, up 4.6%.
Q3 supplementary income: €113.9 million, up 3.2% year-over-year; nine-month supplementary income: €300 million, up 4.5%.
IFRS revenue for nine months: €1,256.9 million, up 1.7% year-over-year.
Outlook and guidance
Adjusted EBITDA for full-year 2025/2026 expected to align with the growth trajectory, targeting €185 million.
Full-year tourism revenue anticipated to increase over the prior year, supported by strong bookings.
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Latest events from Pierre et Vacances
- First net profit in 13 years, record EBITDA, and all business lines profitable.VAC
Q4 20249 Jul 2026 - Revenue, profit, and bookings rose; FY 2026 EBITDA guidance set at €185 million.VACQ4 20258 Jul 2026
- Tourism revenue up 6%, EBITDA improves, net loss narrows, €185m target confirmed.VACQ2 20269 Jun 2026
- Tourism revenue grew 6.0% in H1 2025/2026, with robust local demand and rising customer satisfaction.VACQ2 2026 TU23 Apr 2026
- Strong financial results, strategic growth, and all resolutions approved; no dividend proposed.VACAGM 202613 Feb 2026
- Tourism revenue up nearly 7%, with higher occupancy and key strategic expansions.VACQ1 2026 TU22 Jan 2026
- Slight H1 revenue dip, but strong H2 bookings and EBITDA above €180M expected.VACQ2 202526 Nov 2025
- Q3 tourism revenue surged 12.2% year-over-year, driving improved full-year EBITDA guidance.VACQ3 202528 Jul 2025
- Q3 tourism revenue up 12.2% year-over-year, with EBITDA guidance raised above €180 million.VACQ3 2025 TU24 Jul 2025
Next Pierre et Vacances earnings date
Q4 2026 TU22 Oct, 2026
Pierre et Vacances
Next Pierre et Vacances earnings date
Q4 2026 TU22 Oct, 2026
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