Quarterly ResultMay 6, 2026, 04:19 PM
Pursuit Q1 Revenue +37.4% to $51.6M; $40.4M Share Buybacks
AI Summary
Pursuit Attractions and Hospitality, Inc. reported record first-quarter 2026 financial results, with revenue increasing 37.4% year-over-year to $51.6 million. The company also announced $40.4 million in total share repurchases as of May 6, 2026, and expanded its share repurchase authorization by $50 million. Pursuit reaffirmed its full-year 2026 guidance and expects to close the sale of its Flyover Attractions business for $78.4 million in May 2026.
Key Highlights
- Q1 2026 revenue increased 37.4% year-over-year to $51.6 million.
- Net loss attributable to Pursuit improved to $24.9 million from $31.1 million in Q1 2025.
- Adjusted EBITDA improved to negative $14.9 million from negative $17.5 million in Q1 2025.
- Completed $25.2 million in share repurchases during Q1, totaling $40.4 million as of May 6, 2026.
- Expanded share repurchase authorization by $50 million, with $59.6 million remaining.
- Reaffirmed full-year 2026 revenue guidance at $465 million (mid-point).
- Reaffirmed full-year 2026 Adjusted EBITDA guidance between $123 million and $133 million.
- Expected sale of Flyover Attractions for $78.4 million to close in May 2026.