Vail Resorts Stock Price, News & Analysis

Vail Resorts (NYSE: MTN) has announced plans to launch a private offering of $400 million in senior notes due 2030. The notes will be unsecured senior obligations of the company and will be guaranteed by certain domestic subsidiaries.

The company plans to use the proceeds to repay borrowings under its revolving credit facility that were used to fund a $200 million share repurchase completed in June 2025. Additionally, funds will be allocated to repurchase or repay a portion of its outstanding 0.00% Convertible Senior Notes due 2026.

The notes offering will be made to qualified institutional buyers under Rule 144A of the Securities Act and to non-U.S. persons outside the United States under Regulation S. The notes have not been registered under the Securities Act or state securities laws.

Vail Resorts (NYSE: MTN) reported Q3 FY2025 results with net income of $392.8M, up from $362.0M year-over-year. Resort Reported EBITDA was $647.7M, including $4.2M in transformation costs. The company updated FY2025 guidance, expecting net income between $264-298M and Resort Reported EBITDA of $831-851M. Season pass sales for 2025/2026 showed a 1% decrease in units but 2% increase in revenue. Total lift revenue increased 3.3% to $770.3M, driven by pass pricing increases. The company declared a $2.22 quarterly dividend and repurchased 0.2M shares for $30M. Despite a 7% decline in visitation, the company maintained stable revenue through its season pass program and strong ancillary spending. The resource efficiency transformation plan is on track to deliver $100M in annual cost savings by FY2026, with $35M expected in FY2025.

Vail Resorts (NYSE: MTN) announced a significant leadership change as Rob Katz, current Executive Chairperson and former CEO, returns to the CEO position, succeeding Kirsten Lynch who has stepped down. Lynch will remain in an advisory role during the transition period. Katz, 58, previously served as CEO for 16 years and will continue as Chairperson of the Board.

The company reaffirmed its fiscal 2025 guidance, expecting Resort Reported EBITDA to be in the lower half of the previously issued range, excluding one-time CEO transition costs. Early season pass sales through May 26, 2025, remain consistent with trends reported in the April metrics release.

Vail Resorts announced that Sölden, a premier Austrian ski resort, will join the Epic Pass lineup for the 2025/26 season. Located in Tyrol's Ötztal Valley, Sölden features 31 lifts, 89 miles of slopes, and reliable snow conditions thanks to its high-altitude terrain and two glaciers. The Epic Pass, priced at $1,051 for adults, will include five days of access to Sölden. The announcement comes as part of a broader expansion in Austria, following partnerships with Saalbach, Zell am See-Kaprun, Mayrhofen, Hintertux, and Silvretta Montafon. Pass holders must purchase by May 26 to secure the lowest price, receive two Buddy Tickets, six Ski With a Friend Tickets, and the option to pay just $49 down. The Epic Pass now provides access to 34 resorts across ten European ski areas and 37 North American mountain resorts.

Vail Resorts announced that Silvretta Montafon in Austria will join the 2025/26 Epic Pass lineup. Located in Vorarlberg, Austria, the resort features over 85 miles of slopes, terrain parks, and extensive freeride areas. Epic Pass holders will receive five consecutive days of access to the resort.

The Epic Pass, priced at $1,051 for adults and $537 for children, is available at the lowest price of the year through May 26. The deadline also includes last chances for two Buddy Tickets, six Ski With a Friend Tickets, and the $49 down payment option.

Silvretta Montafon joins other newly added Austrian resorts including Saalbach, Zell am See-Kaprun, Mayrhofen, and Hintertux. The Epic Pass now provides access to 33 resorts across nine ski areas in Europe and 37 North American mountain resorts.

Vail Resorts (MTN) has announced the addition of Mayrhofen and Hintertux ski resorts in Austria's Zillertal valley to its Epic Pass portfolio for the 2025/26 winter season. Located within 45 miles of Innsbruck Airport, these resorts feature over 120 miles of groomed slopes and year-round skiing on the Hintertux Glacier. The Epic Pass, priced at $1,051 for adults and $537 for children, will include 5 consecutive days of access to both resorts. The pass is available at the lowest price until May 26, with a $49 down payment option. The resorts offer diverse terrain, including Austria's steepest slope (Harakiri) with a 78% gradient, two world-class snow parks, and unique attractions like Nature's Ice Palace glacial cave system.

Vail Resorts (MTN) announced the addition of Saalbach and Zell am See-Kaprun ski resorts in Austria to its 2025/26 Epic Pass lineup. The Epic Pass, priced at $1,051 for adults and $537 for children, will include five days of access to these Austrian destinations. Saalbach features over 165 miles of slopes and recently hosted the 2025 FIS Alpine World Ski Championships, while Kitzsteinhorn is known for its high-altitude glacier.

Pass holders must purchase by May 26 to lock in the lowest price of the year and receive additional benefits, including two Buddy Tickets and six Ski With a Friend Tickets. The pass can be secured with a $49 down payment, with the remainder due in mid-September. This expansion marks Vail's second Austrian destination, joining Ski Arlberg, and adds to their portfolio of 37 North American mountain resorts.

Vail Resorts (NYSE: MTN) has scheduled its fiscal 2025 third quarter earnings release for Thursday, June 5, 2025, after market close. The company will host a conference call at 5:00 p.m. eastern time to discuss the financial results. The earnings call will be accessible via their website and telephone, with replay available until June 12, 2025.

Vail Resorts operates a global network of premium ski resorts, including iconic destinations like Vail Mountain, Breckenridge, and Whistler Blackcomb, along with properties in Switzerland and Australia. The company manages luxury hotels under RockResorts brand, vacation rentals, and over 250 retail locations across North America.

Vail Resorts (MTN) announces May 26 as the final day to purchase 2025/26 Epic Passes at their lowest prices. The Epic Pass, starting at $1,051, offers unlimited access to 42 mountain resorts across 15 U.S. states and four countries. Pass holders receive exclusive summer benefits including 20% discounts on bike rentals, dining, lodging, and golf at select resorts, plus complimentary scenic gondola rides with season passes.

Summer operations begin at various resorts: Whistler Blackcomb (May 16), Heavenly (May 23), Park City Mountain (June 7), Vail Mountain (June 13), and Stowe (June 21). The company offers various pass options including Epic Local Pass ($783), Northeast Value Pass ($642), and Tahoe Local Pass ($665). Until May 26, purchases can be made with just $49 down, and buyers receive two Buddy Tickets and six Ski With a Friend Tickets.