---
schema_version: "secwatch.filing_event.v1"
accession: "0000812011-25-000063"
form_type: "8-K"
ticker: "MTN"
cik: "0000812011"
company_name: "VAIL RESORTS INC"
filed_at: "2025-06-05T23:59:59+00:00"
generated_at: "2026-05-19T23:14:40.879937+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Vail Resorts Q3 net income up 8.5%; lowers FY25 guidance; pass sales dollars +2%

## Summary
- Q3 net income $392.8M ($10.54 diluted EPS) vs $362.0M ($9.54) YoY.
- Resort EBITDA $647.7M, down 1% YoY; FY25 Resort EBITDA guidance cut to $831M-$851M.
- Season pass sales dollars up 2%, units down 1% through May 27; 7% price increase.
- Dividend $2.22/share ($0.01 par) declared, payable July 9; $30M share repurchases in Q3.
- One-time CEO transition costs $9M included in updated FY25 guidance.

## SEC filing metadata
- accession: 0000812011-25-000063
- form_type: 8-K
- ticker: MTN
- cik: 0000812011
- company_name: VAIL RESORTS INC
- filed_at: 2025-06-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/812011/000081201125000063/0000812011-25-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/812011/000081201125000063/mtn-20250605.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000812011-25-000063
- JSON: https://secwatch.observer/filing/0000812011-25-000063.json
- Plain text: https://secwatch.observer/filing/0000812011-25-000063.txt

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