---
schema_version: "secwatch.filing_event.v1"
accession: "0000812011-23-000035"
form_type: "8-K"
ticker: "MTN"
cik: "0000812011"
company_name: "VAIL RESORTS INC"
filed_at: "2023-06-08T23:59:59+00:00"
generated_at: "2026-06-14T05:25:48.565180+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Vail Resorts Q3 net income $325M vs $372.6M YoY; Resort EBITDA up 2.1% to $623.3M

## Summary
- Net income of $325M ($8.18 diluted EPS) vs $372.6M ($9.16) a year ago; decline driven by $47M Park City contingent consideration adjustment.
- Resort Reported EBITDA of $623.3M, up $12.8M (+2.1%) on record visitation and ancillary revenue growth; lift revenue fell 0.7%.
- FY2023 guidance revised: net income $251-283M, Resort EBITDA $837-853M (prior $847-891M EBITDA).
- Early 2023/2024 pass sales up ~6% in units and ~11% in sales dollars vs prior year; $400M share repurchases (1.8M shares at $225.01).
- Quarterly dividend $2.06 per share payable July 12, 2023 to holders of record June 27, 2023.

## SEC filing metadata
- accession: 0000812011-23-000035
- form_type: 8-K
- ticker: MTN
- cik: 0000812011
- company_name: VAIL RESORTS INC
- filed_at: 2023-06-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/812011/000081201123000035/0000812011-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/812011/000081201123000035/mtn-20230608.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000812011-23-000035
- JSON: https://secwatch.observer/filing/0000812011-23-000035.json
- Plain text: https://secwatch.observer/filing/0000812011-23-000035.txt

## Key facts
- Earnings Releases
  VAIL RESORTS INC reported the third quarter of fiscal 2023 ended April 30, 2023 results: net income $325.0 million.
  - Period: the third quarter of fiscal 2023 ended April 30, 2023
  - Net income: $325.0 million
  - Result: reported results
  source text: Net income attributable to Vail Resorts, Inc. was $325.0 million for the third fiscal quarter of 2023 compared to net income attributable to Vail Resorts, Inc. of $372.6 million in the same period in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/812011/000081201123000035/0000812011-23-000035-index.htm

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