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Pursuit Attractions and Hospitality (VVI) investor relations material
Pursuit Attractions and Hospitality Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary5 Nov, 2025
Executive summary
Achieved record third quarter results with revenue of $241 million, up 32% year-over-year, driven by strong demand, Jasper recovery, and new attractions including Tabacón Thermal Resort & Spa.
Net income attributable to continuing operations rose to $88 million, a 74%–77% increase year-over-year, reflecting robust business growth and margin expansion.
Raised full-year 2025 adjusted EBITDA guidance to $116–$122 million, a $6 million increase at the midpoint, citing exceptional Q3 performance and strong demand trends.
Completed the acquisition of Tabacón, expanding geographic reach and year-round revenue potential.
Completed sale of GES business in December 2024, transforming into a pure-play attractions and hospitality company.
Financial highlights
Q3 2025 revenue reached $241 million, up $58.8 million (32%) year-over-year, with strong contributions from Jasper recovery and new experiences.
Adjusted EBITDA increased 41.5% to $117.4 million, with margin expansion to 49%.
Net income attributable to continuing operations was $88 million, up from $50.5 million in the prior year.
Adjusted net income rose to $75.3 million, with adjusted EPS up 55% to $2.65.
Received $4.2 million in business interruption insurance proceeds in Q3, excluded from adjusted EBITDA.
Outlook and guidance
Full-year 2025 adjusted EBITDA guidance raised to $116–$122 million, up $6 million at midpoint from prior guidance, including $8–$10 million from recent acquisitions.
Full-year 2025 revenue guidance raised to $455 million at the midpoint, representing 24% growth over 2024.
Growth capex for 2025 expected at $38–$43 million, with total capex of $71–$76 million.
Early indicators for 2026 show strong tour and travel demand, with positive booking trends and favorable market conditions.
Prioritize $250M refresh/build pipeline investments
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Sustain ETP growth given 2025's strong comps?
Prioritize $250M refresh/build pipeline?
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Next Pursuit Attractions and Hospitality earnings date
Q4 20255 Feb, 2026
Next Pursuit Attractions and Hospitality earnings date
Q4 20255 Feb, 2026
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Frequently asked questions
Viad Corp. (Viad) operates as an experiential leisure travel and live events and marketing services company. The company provides online marketing products and services to cruise lines, hotels, restaurants, and retail establishments; media assets comprising interactive television technology, publisher of travel-related interactive text information and graphics that enable customers to view advertisements on screens located in public places; electronic commerce streaming video products comprised of Website/intranet, video-on-demand, pay-per-view, and real time feed through telephone lines offering packages to films or sporting events; and consumer directed fly/drive corporate incentive packages to major corporations worldwide.
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