---
schema_version: "secwatch.filing_event.v1"
accession: "0000812011-22-000050"
form_type: "8-K"
ticker: "MTN"
cik: "0000812011"
company_name: "VAIL RESORTS INC"
filed_at: "2022-12-08T23:59:59+00:00"
generated_at: "2026-06-21T07:52:00.414196+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Vail Resorts Q1 net loss narrows to $137M; season pass sales up 6%; reaffirms FY2023 EBITDA guidance

## Summary
- Net loss $137.0M ($3.40 loss per diluted share) vs $139.3M loss ($3.44) in prior year; Resort EBITDA loss improved to $96.5M from $108.4M.
- Mountain segment revenue rose 84.6% to $201.7M driven by record Australian visitation; total revenue $279.4M, up 59.2% YoY.
- Season pass sales through Dec 5 up ~6% in units and sales dollars vs prior year; up ~86% and ~53% vs 2019/2020 season.
- Reaffirmed FY2023 net income guidance $321M-$396M and Resort EBITDA $893M-$947M; declared $1.91 quarterly dividend payable Jan 10, 2023.
- Net debt 2.0x trailing total EBITDA; liquidity ~$1.8B in cash and revolver availability as of Oct 31, 2022.

## SEC filing metadata
- accession: 0000812011-22-000050
- form_type: 8-K
- ticker: MTN
- cik: 0000812011
- company_name: VAIL RESORTS INC
- filed_at: 2022-12-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/812011/000081201122000050/0000812011-22-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/812011/000081201122000050/mtn-20221208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000812011-22-000050
- JSON: https://secwatch.observer/filing/0000812011-22-000050.json
- Plain text: https://secwatch.observer/filing/0000812011-22-000050.txt

## Key facts
- Earnings Releases
  VAIL RESORTS INC reported first quarter of fiscal 2023 ended October 31, 2022 results: net income Net loss attributable to Vail Resorts, Inc. was $137.0 million. Guidance reaffirmed.
  - Period: first quarter of fiscal 2023 ended October 31, 2022
  - Net income: Net loss attributable to Vail Resorts, Inc. was $137.0 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: On December 8, 2022, Vail Resorts, Inc. issued a press release announcing its results for the three months ended October 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/812011/000081201122000050/0000812011-22-000050-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.