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  • Professor Andrea M. Armani, University of Southern California
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  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Q3 Earnings Highlights: Vail Resorts (NYSE:MTN) Vs The Rest Of The Leisure Facilities Stocks

MTN Cover Image

Looking back on leisure facilities stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Vail Resorts (NYSE: MTN) and its peers.

Leisure facilities companies often sell experiences rather than tangible products, and in the last decade-plus, consumers have slowly shifted their spending from "things" to "experiences". Leisure facilities seek to benefit but must innovate to do so because of the industry's high competition and capital intensity.

The 12 leisure facilities stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 0.8% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.

Vail Resorts (NYSE: MTN)

Founded by two Aspen, Colorado ski patrol guides, Vail Resorts (NYSE: MTN) is a mountain resort company offering luxury experiences in over 30 locations across the globe.

Vail Resorts reported revenues of $260.3 million, flat year on year. This print exceeded analysts’ expectations by 4%. Overall, it was a very strong quarter for the company with a solid beat of analysts’ EBITDA estimates.

Commenting on the Company's fiscal 2025 first quarter results, Kirsten Lynch, Chief Executive Officer, said, "Our first fiscal quarter historically operates at a loss, given that our North American and European mountain resorts are generally not open for ski season. The quarter's results were driven by winter operations in Australia and summer activities in North America, including sightseeing, dining, retail, lodging, and administrative expenses.

Vail Resorts Total Revenue

The stock is down 12.8% since reporting and currently trades at $166.47.

Is now the time to buy Vail Resorts? Access our full analysis of the earnings results here, it’s free.

Best Q3: Live Nation (NYSE: LYV)

Owner of Ticketmaster and operator of music festival EDC, Live Nation (NYSE: LYV) is a company specializing in live event promotion, venue management, and ticketing services for concerts and shows.

Live Nation reported revenues of $7.65 billion, down 6.2% year on year, falling short of analysts’ expectations by 2%. However, the business still had a very strong quarter with an impressive beat of analysts’ adjusted operating income estimates.

Live Nation Total Revenue

The market seems happy with the results as the stock is up 24.3% since reporting. It currently trades at $154.

Is now the time to buy Live Nation? Access our full analysis of the earnings results here, it’s free.

Weakest Q3: Dave & Buster's (NASDAQ: PLAY)

Founded by a former game parlor and bar operator, Dave & Buster’s (NASDAQ: PLAY) operates a chain of arcades providing immersive entertainment experiences.

Dave & Buster's reported revenues of $453 million, down 3% year on year, falling short of analysts’ expectations by 2.1%. It was a softer quarter as it posted a significant miss of analysts’ EPS estimates and a miss of analysts’ adjusted operating income estimates.

As expected, the stock is down 34.8% since the results and currently trades at $23.99.

Read our full analysis of Dave & Buster’s results here.

United Parks & Resorts (NYSE: PRKS)

Parent company of SeaWorld and home of the world-famous Shamu, United Parks & Resorts (NYSE: PRKS) is a theme park chain featuring marine life, live entertainment, roller coasters, and waterparks.

United Parks & Resorts reported revenues of $545.9 million, flat year on year. This print missed analysts’ expectations by 0.7%. Overall, it was a slower quarter as it also produced a miss of analysts’ adjusted operating income estimates.

The stock is down 6.4% since reporting and currently trades at $53.20.

Read our full, actionable report on United Parks & Resorts here, it’s free.

Xponential Fitness (NYSE: XPOF)

Owner of CycleBar, Rumble, and Club Pilates, Xponential Fitness (NYSE: XPOF) is a boutique fitness brand offering diverse and specialized exercise experiences.

Xponential Fitness reported revenues of $80.49 million, flat year on year. This result beat analysts’ expectations by 5.5%. Aside from that, it was a mixed quarter as it also recorded an impressive beat of analysts’ adjusted operating income estimates but a significant miss of analysts’ EPS estimates.

Xponential Fitness pulled off the biggest analyst estimates beat but had the weakest full-year guidance update among its peers. The stock is up 36.9% since reporting and currently trades at $17.38.

Read our full, actionable report on Xponential Fitness here, it’s free.


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