---
schema_version: "secwatch.filing_event.v1"
accession: "0000812011-23-000061"
form_type: "8-K"
ticker: "MTN"
cik: "0000812011"
company_name: "VAIL RESORTS INC"
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:39:37.377137+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Vail Resorts reports wider Q1 net loss of $175.5M, announces Crans-Montana acquisition

## Summary
- Net loss $175.5M ($4.60 per diluted share) vs $137.0M loss ($3.40) in prior year.
- Mountain segment net revenue down 14.5% to $172.5M; Mountain EBITDA loss $139.5M (wider by $47.4M).
- Season pass sales through Dec 4: units +4%, sales dollars +11% YoY; expects ~2.4M guests generating >$900M revenue.
- Declared $2.06 quarterly dividend payable Jan 9, 2024 to holders of record Dec 26; repurchased 0.2M shares for $50M.
- Agreement to acquire Crans-Montana in Switzerland for ~CHF 118.5M; expected close during 2023/2024 season; FY2025 EBITDA ~CHF 5M.

## SEC filing metadata
- accession: 0000812011-23-000061
- form_type: 8-K
- ticker: MTN
- cik: 0000812011
- company_name: VAIL RESORTS INC
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/812011/000081201123000061/0000812011-23-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/812011/000081201123000061/mtn-20231207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000812011-23-000061
- JSON: https://secwatch.observer/filing/0000812011-23-000061.json
- Plain text: https://secwatch.observer/filing/0000812011-23-000061.txt

## Key facts
- Earnings Releases
  VAIL RESORTS INC reported the first quarter of fiscal 2024 ended October 31, 2023 results: net income Net loss attributable to Vail Resorts, Inc. was $175.5 million. Guidance reaffirmed.
  - Period: the first quarter of fiscal 2024 ended October 31, 2023
  - Net income: Net loss attributable to Vail Resorts, Inc. was $175.5 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Vail Resorts, Inc. (NYSE: MTN) today reported results for the first quarter of fiscal 2024 ended October 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/812011/000081201123000061/0000812011-23-000061-index.htm

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