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/Mis Actual Consensu

s s

Estimate

Q3 Beat $241 mln $225 mln

Revenue (4

Analysts

)

Q3 Beat $2.65 $2.43 (4

Adjusted Analysts

EPS )

Q3 EPS $2.60

Q3 Net $73.90

Income mln

Q3 Beat $117.40 $111.40

Adjusted mln mln (4

EBITDA 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 ( PRSU ) 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:

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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.)