)
Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
Vail Resorts (MTN) investor relations material
Vail Resorts Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary10 Dec, 2025
Executive summary
Fiscal Q1 2026 results met expectations, with resort net revenue up 4% year-over-year to $270.9 million, driven by strong Australian performance and new pass offerings.
Net loss attributable to stockholders was $186.8 million, compared to $173.3 million in the prior year, reflecting seasonality and higher interest expense.
Resort Reported EBITDA loss was $139.7 million, flat year-over-year, as improved Australian visitation and cost savings offset inflation and increased marketing spend.
Marketing strategies shifted to increase paid media and social/influencer presence, resulting in improved fall pass sales and guest engagement.
New initiatives like Epic Friends Tickets and advanced lift ticket discounts aim to boost visitation and long-term guest value.
Financial highlights
Resort net revenue increased 4% year-over-year to $270.9 million, led by favorable weather in Australia and the Epic Australia 4-Day pass.
Net loss was $196.5 million, compared to $182.0 million in the prior year.
Mountain segment net revenue increased 6.9% to $185.2 million, with lift revenue up 22.8%.
Lodging net revenue was $81.9 million, down 2.3% year-over-year, with Lodging Reported EBITDA decreasing 33.4% to $2.9 million.
Operating cash flow was $315.9 million, up $33.2 million year-over-year, driven by lower tax payments and higher pass sales.
Outlook and guidance
Fiscal 2026 net income guidance reiterated at $201–$276 million; resort-reported EBITDA guidance at $842–$898 million.
Guidance assumes price increases, ancillary capture, $38 million in incremental efficiencies, and lower pass units impacting skier visits.
Early season weather factored into guidance; most primary earnings period still ahead.
Management expects existing cash, credit facilities, and operating cash flows to provide sufficient liquidity for ongoing operations and capital needs.
Capital plan for calendar year 2025 is expected to be $249–$254 million, including European and real estate investments.
Impact of 7% price hike on local pass units
Strategic rationale for 2026 capital projects
Why reaffirm guidance despite slow Western start?
Quantify lift ticket strategy's price/volume trade-off?
Dining initiative: expected impact on ancillary revenue?
Marketing shift: impact on unlimited pass product mix?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Vail Resorts earnings date
Q2 20269 Mar, 2026
Next Vail Resorts earnings date
Q2 20269 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Vail Resorts, Inc., operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain; Lodging; and Real Estate, Retail, and Other. Its mountain resort operations comprise 10 mountain resorts, including Vail Mountain, Breckenridge Ski Resort, Keystone, Park City, Beaver Creek Resort, and Heavenly in Colorado; Whistler Blackcomb in British Columbia, Canada; and Perisher in Australia.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage