| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 51.64 | 37.4% |
| Total Income | 51.64 | 37.4% |
| Expenditure | 77.58 | 9.8% |
| PBT | -25.94 | 21.6% |
| Net Profit | -24.94 | 19.9% |
| OPM | — | |
| NPM | -48.29% | 34.57pp |
| EPS | -0.90 | 18.9% |
Pursuit Reports Record Q1 2026 Revenue of $51.6 Million, Up 37.4% YoY
07 May 2026 · 7 May, 1:49 am
Summary
Pursuit Attractions and Hospitality, Inc. reported record first quarter 2026 results, with revenue reaching $51.6 million, a 37.4% increase year-over-year. The company reaffirmed its full year guidance and announced $40.4 million in total share repurchases. The net loss attributable to Pursuit improved to $24.9 million from $31.1 million in the prior year. The company's growth was supported by strong demand for its experiential infrastructure and the positive contribution from the Tabacón acquisition.
Key Highlights
- 1
Pursuit's first quarter revenue reached a record $51.6 million, marking a 37.4% increase year-over-year.
- 2
The company experienced strong margin improvement in the first quarter.
- 3
Same-store attraction effective ticket prices increased by 5%, and same-store lodging RevPAR grew by 6%, driven by strong demand.
- 4
Share repurchases totaled $25.2 million during the quarter, and $40.4 million in aggregate as of May 6, 2026.
- 5
The share repurchase authorization was expanded by $50 million, leaving $59.6 million available.
- 6
The net loss attributable to Pursuit improved from $31.1 million in Q1 2025 to $24.9 million in Q1 2026.
- 7
The company reaffirmed its full year 2026 growth outlook, supported by sustained demand.
Management Comments
David Barry
We delivered record first quarter results and continue to execute against our Vision 2030 strategy with a consistent and disciplined playbook that has delivered double-digit compound annual growth over the past decade. We are delivering business growth through our relentless focus on team member and guest experience, and we’re investing in ourselves through low-risk growth investments in well-instrumented businesses to make experiences better and guests happier, which in turn drives profitability. Additionally, we continue to actively pursue acquisitions to broaden our portfolio of experiential infrastructure in iconic locations while opportunistically repurchasing stock at compelling valuations. We are reaffirming our full year revenue and Adjusted EBITDA guidance based on our solid first quarter and sustained positive indicators of consumer demand across our experiences and destinations for the balance of the year. We remain confident in our 2026 outlook.
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