Core Insights - Pursuit Attractions and Hospitality reported Q3 CY2025 revenue of $241 million, a 32.2% year-on-year increase, exceeding analyst estimates of $225 million by 7.1% [1][7] - The company's adjusted EPS was $2.65, which is 8% above the consensus estimate of $2.45 [1][7] - Adjusted EBITDA reached $117.4 million, with a margin of 48.7%, surpassing analyst expectations of $111.4 million [1][7] Revenue and Performance Highlights - The significant revenue growth was attributed to a recovery in Jasper following last year's wildfires, increased visitation, and effective yield optimization [4][6] - Management emphasized disciplined cost management and successful pricing strategies at flagship attractions as key contributors to the strong performance [6] Future Outlook - The company is focusing on ongoing investments in asset refreshes and the integration of the recent Tabacon acquisition, anticipating sustained demand for experience-driven travel [5] - Management is prioritizing large-scale renovation projects and sees favorable trends in adventure and wellness tourism, with strong demand signals for 2026 itineraries [5] Financial Metrics - Operating margin for the quarter was reported at 43.6% [7] - Full-year EBITDA guidance is set at $119 million, above analyst estimates of $114 million [7] - The company's market capitalization stands at $1.03 billion [7]