Vail Resorts (MTN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Vail Resorts reported $1.3 billion in revenue for the quarter ended April 2025, marking a year-over-year increase of 1% and an EPS of $10.54, up from $9.54 a year ago, with a slight revenue surprise of -0.55% against estimates [1] - The company’s stock has returned +10.6% over the past month, outperforming the Zacks S&P 500 composite's +5.2% change, and currently holds a Zacks Rank 3 (Hold) [3] Revenue and Earnings Performance - Total skier visits reached 8.61 thousand, slightly above the estimated 8.6 thousand [4] - Managed condominium RevPAR was reported at $206.66, below the estimated $214.69 [4] - Owned hotel RevPAR was $165.54, compared to the average estimate of $170.86 [4] - Mountain net revenue was $1.21 billion, slightly below the $1.22 billion estimate, but represents a +1.4% year-over-year change [4] - Lodging net revenue was $82.89 million, below the estimated $89.11 million, reflecting a -4.8% change year-over-year [4] - Real estate revenue was $0.12 million, significantly below the $1.05 million estimate, indicating a -32% year-over-year change [4] Additional Metrics - Mountain net revenue from retail/rental was $113.68 million, below the $119.17 million estimate, showing a -7.8% year-over-year change [4] - Dining revenue was reported at $110.97 million, slightly above the $110.73 million estimate, with a +1.4% year-over-year change [4] - Managed condominium rooms revenue was $32.63 million, below the average estimate of $35.12 million, reflecting a -7.8% year-over-year change [4]