Vail Resorts, Inc. reported its fiscal first quarter 2025 results on December 9, 2024, with Resort Reported EBITDA consistent with the prior year. Growth in the North American summer business was offset by a $9 million decline from Australian resorts due to record low snowfall and demand, along with one-time transformation and acquisition costs.
Season pass sales for the 2024/2025 North American ski season, through December 3, 2024, showed a 2% decrease in units but a 4% increase in sales dollars, benefiting from an 8% price increase. The company expects approximately 2.3 million guests committed to its resorts, generating over $975 million in revenue.
The company updated its fiscal 2025 net income guidance to between $240 million and $316 million, primarily due to a $17 million gain on the sale of real property related to the East Vail condemnation resolution. Resort Reported EBITDA guidance was reaffirmed at $838 million to $894 million. Vail Resorts also announced a calendar year 2025 capital plan of $249 million to $254 million, including significant investments in Park City Mountain and European resorts.
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