Pursuit Reports Strong 2024 Results, Eyes Growth in 2025

Viad Corp ( (PRSU) ) has released its Q4 earnings. Here is a breakdown of the information Viad Corp presented to its investors.

Pursuit Attractions and Hospitality, Inc. (NYSE: PRSU) is a company that specializes in providing unique attractions and hospitality experiences across iconic destinations in the United States, Canada, and Iceland, featuring world-class attractions and distinctive lodges.

In its latest earnings report, Pursuit announced a successful transformation into a pure-play attractions and hospitality company following the sale of its GES business. This strategic move has allowed the company to eliminate high-cost debt and establish significant liquidity, positioning it for accelerated growth under its Refresh, Build, Buy strategy. The company reported solid financial performance for both the fourth quarter and full year 2024 and provided optimistic guidance for 2025.

Key financial highlights include a 4.6% increase in revenue to $366.5 million, driven by growth in attractions ticket revenue, despite challenges such as the Jasper wildfire. The sale of the GES business resulted in a substantial gain, contributing to a net income of $368.5 million. However, the company also reported a net loss from continuing operations of $57.1 million, impacted by non-cash impairment and restructuring charges. Pursuit’s adjusted EBITDA slightly decreased to $77.1 million, with the Jasper wildfire affecting performance.

Looking ahead, Pursuit is optimistic about 2025, expecting double-digit revenue and adjusted EBITDA growth. The company plans to invest significantly in growth capital expenditures, including the transformation of its Forest Park Hotel in Jasper National Park and other strategic initiatives, to enhance guest experiences and drive future growth.

Pursuit’s management remains confident in the company’s strong position and its ability to capitalize on the expected recovery of leisure travel and demand for authentic experiential travel. With a robust balance sheet and strategic investments, Pursuit is well-positioned to deliver on its growth objectives in the coming year.