Pursuit Attractions 2025 Q2 Earnings Strong Revenue Growth Despite Earnings Decline

Pursuit Attractions reported its fiscal 2025 Q2 earnings on August 7, 2025, showcasing a 15.4% year-over-year revenue increase to $116.74 million, while net income and EPS declined significantly. The company revised its full-year adjusted EBITDA guidance upward by $10 million, signaling optimism for the remainder of the year.

Revenue
The total revenue of Pursuit Attractions increased by 15.4% to $116.74 million in 2025 Q2, up from $101.20 million in the same period in 2024. This robust growth was driven by strong performances across multiple segments, with services revenue accounting for the largest portion at $88.06 million. Additional contributors included ticket revenue of $53.20 million and rooms revenue of $25.95 million. Other significant revenue streams included food and beverage ($17.32 million), products ($28.68 million), transportation ($3.68 million), retail operations ($11.36 million), and other unspecified revenue of $5.23 million. The diverse revenue streams highlight the company’s expanding offerings and enhanced visitor experience.

Earnings/Net Income
Pursuit Attractions's earnings showed a sharp decline, with EPS dropping 79.6% to $0.20 in 2025 Q2, compared to $0.98 in the prior year. Similarly, net income fell significantly to $8.73 million, down 71.7% from $30.88 million in 2024 Q2. Despite this decline, the company emphasized favorable revenue mix and cost discipline as factors supporting its long-term growth outlook.

Price Action
The stock price of Pursuit Attractions edged down 1.78% during the latest trading day but surged 15.77% over the most recent full trading week and climbed 11.96% month-to-date. These fluctuations reflect market uncertainty around the earnings report and investor anticipation for future performance.

Post Earnings Price Action Review
The strategy of buying Pursuit Attractions stock when revenues missed and holding for 30 days underperformed significantly, yielding a -22.40% return. This is well below the benchmark return of 5.01%, resulting in an excess return of -27.41%. The compound annual growth rate (CAGR) for the backtested period was -35.84%, reflecting the strategy's poor performance. Despite a maximum drawdown of 0.00% over the 30-day period, the overall negative returns indicate that the investment strategy was unsuccessful.

CEO Commentary
David Barry, President and CEO of Pursuit Attractions, highlighted the company’s double-digit growth in second-quarter revenue, income from continuing operations, and adjusted EBITDA. He attributed this success to the company’s growth strategy, including investments in enhancing existing experiences, expanding assets in high-demand destinations, and the acquisition of Tabacón Thermal Resort & Spa in Costa Rica. Barry noted robust visitor growth, increased revenue per visitor, and a 9% rise in lodging RevPAR on a same-store constant-currency basis. He expressed confidence in the company’s ability to deliver sustainable growth and long-term shareholder value.

Guidance
Based on a strong first-half performance and the acquisition of Tabacón Thermal Resort & Spa, Pursuit Attractions raised its full-year 2025 adjusted EBITDA guidance to a range of $108 million to $118 million, an increase of $10 million from prior guidance. The company expects continued strong guest demand during the peak summer season and remains optimistic about its ability to drive long-term growth and value for shareholders.

Additional News
In the three weeks following Pursuit Attractions’ Q2 earnings report, the company was linked to several notable events. One of the key developments was the acquisition of Tabacón Thermal Resort & Spa in Costa Rica, which marked a strategic expansion into high-demand international markets. Additionally, the company announced plans to invest further in enhancing its existing attractions to improve guest experiences. On the personnel front, David Barry reiterated his commitment to the company’s strategic vision, emphasizing a focus on long-term growth and profitability. While no major dividend or buyback announcements were made, the company reaffirmed its focus on cost discipline and capital efficiency.