Attractions and hospitality operator Pursuit's Q3 revenue beats expectations

Pursuit Attractions and Hospitality

05/11/2025 22:23

Overview

Pursuit Q3 2025 revenue grows 32.2% yr/yr, beating analyst expectations

Adjusted EBITDA for Q3 2025 beats consensus, driven by strong operating leverage

Company raises full-year 2025 adjusted EBITDA guidance by $6 mln at midpoint

Outlook

Pursuit raises full-year 2025 adjusted EBITDA guidance to $116 mln-$122 mln

Company plans $38 mln-$43 mln in organic growth capex for 2025

Pursuit targets $250 mln in organic growth investments from 2025 to 2030

Result Drivers

CANADIAN DEMAND - Strong demand across Canadian operations contributed to revenue growth

JASPER RECOVERY - Revenue growth driven by recovery of Jasper properties that were temporarily closed

EXPERIENTIAL TRAVEL - Global trends towards experiential travel in iconic locations supported growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$241 mln
$225 mln (4 Analysts)
Q3 Adjusted EPS
Beat
$2.65
$2.43 (4 Analysts)
Q3 EPS
$2.60
Q3 Net Income
$73.90 mln
Q3 Adjusted EBITDA
Beat
$117.40 mln
$111.40 mln (4 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the leisure & recreation peer group is "buy."

Wall Street's median 12-month price target for Pursuit Attractions and Hospitality Inc is $42.50, about 19.1% above its November 4 closing price of $34.39

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 29 three months ago

Press Release: ID:nBw1Ks9j3a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)