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Dec 31, 2023
MotiTest Q4 2023 Earnings Report
Reported strong fourth quarter and full year results, exceeding guidance.
Key Takeaways
Viad Corp reported strong Q4 and full year results, with revenue and adjusted EBITDA exceeding guidance. GES' results significantly surpassed expectations due to increased corporate client spending on high-margin experiential marketing services. Pursuit posted record revenue, driven by demand for attractions and hotels.
Pursuit delivered record results with 17% full year revenue growth and continued margin expansion.
GES substantially outperformed expectations with 7% full year revenue growth and healthy margins.
Consolidated revenue increased by 17.6% compared to Q4 2022.
Consolidated adjusted EBITDA increased by $16.5 million from the 2022 fourth quarter.
MotiTest
MotiTest
Forward Guidance
Viad anticipates strong growth and margin improvement in 2024.
Positive Outlook
- FlyOver Chicago opens in March 2024
- Strong demand for Pursuit’s iconic, unforgettable, inspiring experiences
- Continued growth of international leisure travel
- Major non-annual shows (~$65M of incremental revenue vs. 2023, primarily in the third quarter)
- Strong demand for GES’ experiential marketing and exhibition management services