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Sep 30, 2023
Ryman Q3 2023 Earnings Report
Delivered a strong quarter marked by numerous quarterly and all-time records.
Key Takeaways
Ryman Hospitality Properties reported a strong third quarter, driven by the strength of its businesses and successful execution of its growth strategy. The Hospitality segment added to its forward book of business, with strong rooms revenue production and ADR growth. The Entertainment segment delivered record third quarter revenue, operating income and Adjusted EBITDAre. The company is updating its full year 2023 guidance as a result of its strong third quarter financial performance.
Hospitality segment continued to add meaningfully to its healthy forward book of business.
Hospitality segment had one of its strongest quarters ever in terms of rooms revenue production and ADR growth for all future periods.
JW Marriott Hill Country in San Antonio, Texas was acquired and performed well.
Entertainment business delivered record third quarter revenue, operating income and Adjusted EBITDAre.
Revenue by Segment
Forward Guidance
The Company is updating its 2023 business performance outlook based on current information as of November 6, 2023. The Company does not expect to update the guidance provided below before next quarter’s earnings release. However, the Company may update its full business outlook or any portion thereof at any time for any reason.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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