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Vail Resorts (MTN) Reports Q1 Earnings: What Key Metrics Have to Say

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For the quarter ended October 2025, Vail Resorts (MTN - Free Report) reported revenue of $271.03 million, up 4.1% over the same period last year. EPS came in at -$5.20, compared to -$4.61 in the year-ago quarter.

The reported revenue represents a surprise of -0.09% over the Zacks Consensus Estimate of $271.27 million. With the consensus EPS estimate being -$5.23, the EPS surprise was +0.57%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Vail Resorts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Mountain - Total skier visits: 0.74 thousand compared to the 0.55 thousand average estimate based on two analysts.
  • Lodging - Managed condominium statistics - RevPAR: $48.36 versus $53.74 estimated by two analysts on average.
  • Lodging - Owned hotel statistics - RevPAR: $181.01 versus $182.71 estimated by two analysts on average.
  • Mountain - ETP: $67.18 versus $75.71 estimated by two analysts on average.
  • Net Revenue- Lodging net revenue: $85.71 million versus the five-analyst average estimate of $90.03 million. The reported number represents a year-over-year change of -1.4%.
  • Net Revenue- Mountain net revenue: $185.24 million versus the five-analyst average estimate of $180.75 million. The reported number represents a year-over-year change of +6.9%.
  • Net Revenue- Mountain net revenue- Dining: $19.79 million compared to the $21.68 million average estimate based on three analysts. The reported number represents a change of -4.1% year over year.
  • Net Revenue- Mountain net revenue- Retail/rental: $30.79 million versus $30.25 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.3% change.
  • Net Revenue- Mountain net revenue- Other: $77.13 million versus the three-analyst average estimate of $78.09 million. The reported number represents a year-over-year change of +1.7%.
  • Net Revenue- Real estate: $0.08 million versus $1.58 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +27% change.
  • Net Revenue- Lodging net revenue- Managed condominium rooms: $9.69 million compared to the $11.86 million average estimate based on three analysts. The reported number represents a change of -17.2% year over year.
  • Net Revenue- Resort net revenue: $270.95 million versus $266.08 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.1% change.

View all Key Company Metrics for Vail Resorts here>>>

Shares of Vail Resorts have returned -3.2% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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