The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how leisure facilities stocks fared in Q3, starting with Vail Resorts (NYSE: MTN).

Leisure facilities companies often sell experiences rather than tangible products, and in the last decade-plus, consumers have slowly shifted their spending from "things" to "experiences". Leisure facilities seek to benefit but must innovate to do so because of the industry's high competition and capital intensity.

The 11 leisure facilities stocks we track reported a satisfactory Q3. As a group, revenues missed analysts’ consensus estimates by 0.7% while next quarter’s revenue guidance was 0.6% below.

In light of this news, share prices of the companies have held steady as they are up 3.4% on average since the latest earnings results.

Vail Resorts (NYSE: MTN)

Founded by two Aspen, Colorado ski patrol guides, Vail Resorts (NYSE: MTN) is a mountain resort company offering luxury experiences in over 30 locations across the globe.

Vail Resorts reported revenues of $271 million, up 4.1% year on year. This print fell short of analysts’ expectations by 1.2%. Overall, it was a mixed quarter for the company with an impressive beat of analysts’ skier visits estimates but a slight miss of analysts’ revenue estimates.

"Our first quarter results were in line with our expectations and importantly, we're seeing encouraging early momentum from our key initiatives to drive visitation during the 2025/2026 ski season, deepen our guest engagement, and create exceptional guest experiences," said Rob Katz, Chief Executive Officer of Vail Resorts.

Unsurprisingly, the stock is down 6.3% since reporting and currently trades at $132.75.

Read our full report on Vail Resorts here, it’s free for active Edge members.

Best Q3: AMC Entertainment (NYSE: AMC)

With a profile that was raised due to meme stock mania beginning in 2021, AMC Entertainment (NYSE: AMC) operates movie theaters primarily in the US and Europe.

AMC Entertainment reported revenues of $1.3 billion, down 3.6% year on year, outperforming analysts’ expectations by 6.3%. The business had an exceptional quarter with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ adjusted operating income estimates.

AMC Entertainment pulled off the biggest analyst estimates beat among its peers. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 38.5% since reporting. It currently trades at $1.55.

Is now the time to buy AMC Entertainment? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: United Parks & Resorts (NYSE: PRKS)

Parent company of SeaWorld and home of the world-famous Shamu, United Parks & Resorts (NYSE: PRKS) is a theme park chain featuring marine life, live entertainment, roller coasters, and waterparks.

United Parks & Resorts reported revenues of $511.9 million, down 6.2% year on year, falling short of analysts’ expectations by 5.2%. It was a disappointing quarter as it posted a miss of analysts’ visitors estimates and a significant miss of analysts’ revenue estimates.

As expected, the stock is down 21.5% since the results and currently trades at $36.30.

Read our full analysis of United Parks & Resorts’s results here.

Topgolf Callaway (NYSE: MODG)

Formed between the merger of Callaway and Topgolf, Topgolf Callaway (NYSE: MODG) sells golf equipment and operates technology-driven golf entertainment venues.

Topgolf Callaway reported revenues of $934 million, down 7.8% year on year. This result surpassed analysts’ expectations by 2.3%. It was a very strong quarter as it also recorded EBITDA guidance for next quarter exceeding analysts’ expectations and a beat of analysts’ EPS estimates.

Topgolf Callaway had the slowest revenue growth among its peers. The stock is up 24.2% since reporting and currently trades at $11.51.

Read our full, actionable report on Topgolf Callaway here, it’s free for active Edge members.

Lucky Strike (NYSE: LUCK)

Born from the transformation of traditional bowling alleys into modern entertainment destinations, Lucky Strike (NYSE: LUCK) operates bowling alleys and other entertainment venues with upscale amenities, arcade games, and food and beverage services across North America.

Lucky Strike reported revenues of $292.3 million, up 12.3% year on year. This print topped analysts’ expectations by 3.3%. Overall, it was a strong quarter as it also produced a beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.

Lucky Strike scored the highest full-year guidance raise among its peers. The stock is up 5% since reporting and currently trades at $8.47.

Read our full, actionable report on Lucky Strike here, it’s free for active Edge members.

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