Pursuit Attractions and Hospitality Earnings Call Transcripts
Fiscal Year 2026
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Record Q1 2026 results with 37% revenue growth and margin improvement, driven by strong demand and Tabacón's outperformance. Guidance for 2026 is reaffirmed, with double-digit growth expected and robust capital allocation supporting organic and acquisition-led expansion.
Fiscal Year 2025
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Record 2025 results with 23% revenue growth and 52% higher Adjusted EBITDA, driven by strong demand, strategic acquisitions, and portfolio optimization. Vision 2030 targets double-digit annual growth, with robust capital investment and favorable industry trends supporting continued expansion.
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Record Q3 results featured 32% revenue growth and a 41.5% rise in Adjusted EBITDA, driven by strong demand, successful acquisitions, and effective capital deployment. Full-year 2025 guidance was raised, with robust liquidity and a strong pipeline of growth projects supporting future expansion.
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Double-digit year-over-year growth in revenue and adjusted EBITDA was driven by strong demand, higher ticket prices, and successful acquisitions. Full-year guidance was raised, and a $50 million share repurchase was authorized, with continued investment in organic and acquisition-led growth.
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Q1 saw modest revenue growth, strong demand indicators, and successful integration of recent acquisitions. Double-digit revenue and adjusted EBITDA growth are expected for 2025, with robust booking trends and a healthy M&A pipeline supporting a positive outlook.
Fiscal Year 2024
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Transformed into a pure-play attractions and hospitality company after the GES sale, achieving 5% revenue growth in 2024 despite wildfire impacts. Double-digit revenue and EBITDA growth are expected in 2025, supported by strong liquidity, recent acquisitions, and robust demand for iconic experiences.
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Q3 saw 25% revenue growth and strong EBITDA gains, with Pursuit and GES both outperforming. The GES sale is set to close year-end, enabling Pursuit to accelerate growth with a strong balance sheet and robust demand for its iconic travel experiences.
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The sale of GES for $535 million enables a pure-play, high-growth attractions and hospitality company with a strong balance sheet and significant investment capacity. Pursuit is positioned for accelerated growth, with anticipated EBITDA above $100 million in 2025 and a focus on iconic travel destinations.
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Second quarter results exceeded guidance, with strong revenue and margin growth at both GES and Pursuit. Wildfires in Jasper National Park have impacted Pursuit's outlook, but most properties remain intact and demand is robust. Full-year EBITDA guidance was raised for GES and consolidated results.