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NEW YORK - Pursuit Attractions and Hospitality, Inc. (NYSE: PRSU) reported fourth quarter revenue that topped analyst estimates, as the company completed its transformation into a pure-play attractions and hospitality business.
Pursuit posted Q4 revenue of $366.5 million, surpassing the consensus estimate of $250.8 million. The company reported an adjusted loss per share of $0.15, which was better than the expected loss of $1.40 per share.
For the full year 2024, Pursuit generated revenue of $366.5 million, up 4.6% from $350.3 million in 2023. The company said growth was primarily driven by increased attractions ticket revenue, partially offset by temporary closures and lower visitation to Jasper National Park due to wildfires.
Looking ahead, Pursuit expects 2025 revenue to grow by low-double digits compared to 2024 levels. The company also guided for adjusted EBITDA of $98 million to $108 million in 2025, representing substantial growth of $21 million to $31 million versus 2024.
"This is an exciting time for our company, team members, and shareholders. We are entering 2025 in a position of strength with the expected return of leisure travel to Jasper, our unrelenting focus on delivering exceptional guest experiences, and a strong balance sheet to fund high-return growth investments," said David Barry, Pursuit’s President and CEO.
Pursuit completed the sale of its GES business for $535 million on December 31, 2024, transforming into a pure-play attractions and hospitality company. The company said this transaction eliminated high-cost debt and established substantial liquidity to accelerate its growth strategy.
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