Vail Resorts Inc (0LK3.L) Q1 2025 Earnings Report

Comprehensive analysis of Vail Resorts Inc's financial performance for Q1 2025 with historical comparisons and future outlook.

Previous: Q4 2024 Next: Q2 2025
Vail Resorts Inc
0LK3.L
$142.20 -3.37%
Exchange: LSE | Sector: Consumer Cyclical | Industry: Gambling Resorts Casinos
Q1 2025
Published: Dec 9, 2024

Earnings Highlights

  • Revenue of $260.21M up 0.6% year-over-year
  • EPS of $-4.61 decreased by 0.2% from previous year
  • Gross margin of -14.0%
  • Net income of -172.84M
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Vail Resorts Inc (0LK3.L) QQ1 2025 Results – Mixed Top-Line Momentum with Significant Margin Pressure and Healthy Operating Cash Flow

Executive Summary

Vail Resorts’ QQ1 2025 results show a challenging profitability landscape despite a modest year-over-year revenue uptick. Revenue of USD 260.212 million rose 0.64% year over year but gross profit was negative at USD -36.427 million, yielding a gross margin of -14.0%. The company posted an operating loss of USD -202.019 million and a net loss of USD -172.836 million (EPS -4.61) for the quarter, driven by a high cost base and non-cash or non-operating expense items that overwhelmed topline gains. EBITDA was USD -126.006 million, with an EBITDA margin of -48.4% and an operating margin of -77.6%. These profitability headwinds occurred alongside meaningful cash generation: operating cash flow reached USD 282.424 million, and free cash flow was USD 211.407 million, supporting a strong liquidity position as of period end.

Key Performance Indicators

Revenue

260.21M
QoQ: -1.95% | YoY:0.64%

Gross Profit

-36.43M
-14.00% margin
QoQ: -77.82% | YoY:-8.78%

Operating Income

-202.02M
QoQ: -1.67% | YoY:2.43%

Net Income

-172.84M
QoQ: 1.45% | YoY:1.52%

EPS

-4.61
QoQ: 1.28% | YoY:-0.22%

Revenue Trend

Margin Analysis

Key Insights

Revenue: USD 260.212m; YoY +0.64%; QoQ -1.95%. Gross Profit: USD -36.427m; Gross Margin -13.999%. Operating Income: USD -202.019m; Margin -77.636%. EBITDA: USD -126.006m; EBITDA Margin -48.424%. Net Income: USD -172.836m; Net Margin -66.421%. EPS: -4.61; Shares (weighted avg) 37.473m. Cash Flow: CFO USD 282.424m; CapEx USD -71.017m; Free Cash Flow USD 211.407m. Balance Sheet: Cash & Equivalents USD 403.768m; Total Assets USD 5.642b; Total Liabilities USD 4.896b; Equity USD 444.099m. L...

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2025 271.20 -5.08 +2.2% View
Q3 2025 1,295.56 10.54 +1.0% View
Q2 2025 1,137.05 6.56 +5.5% View
Q1 2025 260.21 -4.61 +0.6% View
Q4 2024 265.39 -4.67 -1.6% View

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Q1 2025 Reports in Consumer Cyclical Sector

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