Viad(US:VVI)2024-05-04 16:22Financial Performance - Q1 2024 - Viad's Q1 2024 revenue increased by 49% to $2735 million compared to Q1 2023[12] - Consolidated Adjusted EBITDA grew by $09 million in Q1 2024 compared to Q1 2023[12] - Net loss attributable to Viad increased by $42 million in Q1 2024 compared to Q1 2023, primarily due to higher non-operational items and income tax expense[13] Pursuit Segment - Pursuit's Q1 2024 revenue increased by 14% to $372 million year-over-year, driven by attractions ticket revenue[12, 15] - Attractions ticket revenue grew by 25% due to higher effective ticket prices and a 10% increase in visitors[15] - Pursuit's Adjusted EBITDA decreased by $08 million to $(111) million, reflecting increased operating costs to support higher business volume[12, 15] - Pursuit's same-store attraction ETP increased by 161% to $41[15] GES Segment - GES' Q1 2024 revenue increased by 36% to $2363 million year-over-year[12, 16] - GES Exhibitions revenue grew by approximately 5%, and Spiro revenue grew by approximately 7%[17] - GES' Adjusted EBITDA increased by $22 million to $189 million, with strong flow-through on revenue growth[12, 16] - US Exhibition Same-Show Revenue increased by 61%[16] Financial Outlook - The company expects consolidated Adjusted EBITDA to grow by approximately 16-30% from 2023[10] - The company anticipates Pursuit's revenue to increase by mid-single digits for FY24[18, 32] - The company anticipates GES' revenue to increase by low-double digits for FY24[18, 43]