Vail Resorts Stock Price, News & Analysis

Vail Resorts (NYSE:MTN) reported its fiscal 2025 results with net income of $280.0 million, up from $231.1 million in 2024. Resort Reported EBITDA increased 2% to $844.1 million, despite total skier visits declining 3% across North American resorts.

The company announced pass product sales for 2025/2026 season decreased 3% in units but increased 1% in dollar value. For fiscal 2026, Vail expects net income between $201-276 million and Resort Reported EBITDA of $842-898 million.

Key financial actions include: a quarterly dividend of $2.22 per share, repurchase of 1.29 million shares for $200 million in Q4, and completion of a $500 million Senior Notes offering at 5.625%. The company acknowledged underperformance and outlined strategic initiatives to drive future growth, including new marketing approaches and the introduction of Epic Friend Tickets.

Vail Resorts (NYSE: MTN) has scheduled its fiscal year 2025 earnings release for September 29, 2025, after market close. The company will host a conference call at 5:00 p.m. ET the same day to discuss financial results.

Investors can access the call via telephone or webcast at VailResorts.com. A replay will be available through October 6, 2025. Vail Resorts operates a network of 37 premier ski resorts across North America, Switzerland, and Australia, including flagship properties like Vail Mountain, Breckenridge, and Whistler Blackcomb. The company also manages RockResorts hotels, vacation rentals, and over 250 retail locations.

Vail Resorts (NYSE:MTN) has announced its 2025/26 winter season opening dates and strategic initiatives across its global portfolio of more than 90 resorts. Keystone Resort will lead the season opening in mid-October, with other major resorts following through November. The company unveiled several key developments including: the new Sunrise Gondola at Park City Mountain, two six-seater chairlifts at Andermatt-Sedrun-Disentis, and the launch of Epic Friend Tickets offering 50% off lift tickets for pass holders' friends.

The company is introducing enhanced digital features in the My Epic app for Ski and Ride School across Colorado resorts. Notable celebrations include Whistler's 60th Anniversary with new Wonder Routes, Heavenly's 70th anniversary, and the Birds of Prey Olympic qualifier at Beaver Creek. The Epic Pass is currently available at $1,075 for adults and $548 for children until September 1, 2025.

Vail Resorts (NYSE:MTN) has introduced "Epic Friend Tickets," a new benefit for 2025/26 season-long Epic Pass holders that offers significant savings for friends and family. Pass holders will receive 6-10 Epic Friend Tickets providing 50% off lift tickets at 37 North American resorts for the 2025/26 winter season.

The initiative includes an innovative dual-savings feature where friends can apply 100% of the cost of one redeemed Epic Friend Ticket toward an eligible 2026/27 Epic Pass. The company also announced that 2025/26 Epic Pass prices will increase after September 1, with current prices at $1,075 for adults and $548 for children. The Epic Local Pass is priced at $799 for adults, while the Epic Military Pass starts at $190 for active and retired military.

Vail Resorts (NYSE: MTN) has announced the pricing of its senior notes offering at $500 million with a 5.625% interest rate, due in 2030. The offering, which was upsized from the initially announced $400 million, is expected to close on July 2, 2025.

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

The Notes will be unsecured senior obligations guaranteed by certain domestic subsidiaries and are being offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S of the Securities Act.

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.