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Jun 30, 2021
MotiTest Q2 2021 Earnings Report
Viad Corp's financial performance increased due to easing COVID-19 restrictions and strategic initiatives.
Key Takeaways
Viad Corp reported a significant increase in revenue for the second quarter of 2021, driven by the recovery of leisure travel and in-person events. The company's revenue reached $61.2 million, a substantial increase from $30.1 million in the same quarter of the previous year. Despite this growth, the company experienced a net loss attributable to Viad of $42.0 million.
Second quarter revenue increased to $61.2 million, up from $30.1 million in the 2020 second quarter.
Sequential quarter revenue grew by 112% due to the loosening of COVID-19 restrictions and the opening of seasonal and new experiences at Pursuit.
Net loss attributable to Viad was $42.0 million, and adjusted segment EBITDA was negative $19.6 million.
Completed debt refinancing to enhance financial flexibility, with a new $500 million senior secured credit facility.
Forward Guidance
Viad Corp expects continued growth and recovery in its industries, with a focus on managing cash flows and maximizing shareholder value.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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