NYSE$PRSU

MotiTest · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Viad Corp reported results for the fourth quarter and full year 2021, showing significant improvement driven by recovery at Pursuit and GES.

Viad Corp's fourth-quarter revenue increased to $183.6 million from $27.9 million in the prior year. The net loss attributable to Viad improved to $22.5 million, and consolidated adjusted EBITDA improved to negative $3.8 million.

  • Pursuit's fourth-quarter revenue exceeded pre-COVID levels, driven by new attractions.
  • GES's fourth-quarter revenue increased by 38% on a sequential quarter basis.
  • Viad delivered positive adjusted EBITDA for the full year 2021.
  • The company invested in new high-margin experiences at Pursuit and transformed GES' cost structure.

Headline financials

Total Revenue

$184M

Previous: $27.9M+557.9%
EPS (adj)

-$1.19

Previous: -$2.11+43.6%
Adjusted EBITDA

-$3.8M

No prior period
Net Income

-$24.5M

Previous: -$51.7M+52.7%
Operating Income

-$13.9M

Previous: -$50.3M+72.4%
Gross Profit

-$13.9M

Previous: -$126M+89.0%
Cash & Equivalents

$61.6M

Previous: $40M+54.0%
Total Assets

$973M

Previous: $853M+14.1%
Stock-Based Comp

$1.77M

Previous: $2.65M-33.4%

Revenue & EPS history

MotiTest · Revenue · Quarterly

$184M

Q4 2021+557.9%vs Q4 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

Viad expects to deliver significant growth in full year 2022 revenue and adjusted EBITDA at both Pursuit and GES.

Tailwinds

  • Major live events are taking place around the world.
  • Canada is welcoming international visitors.
  • Viad has three new Pursuit experiences online and a fourth set to open this summer.
  • GES is successfully servicing clients with its new lower-cost model.
  • Businesses are gradually lifting corporate travel restrictions as vaccines and mitigation efforts are proving effective.

Headwinds

  • The company is still operating in a very dynamic environment.
  • The Omicron variant is resulting in some near-term disruption to first quarter activity.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

-0.0%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+85.6%

Avg return

30 days after

42%

28 / 67 earnings

Positive

+19.6%

Q1 2023

Best reaction

-12.4%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.6%-0.1%
Q4 2025-4.5%+0.4%-3.4%
Q3 2025+0.0%-5.4%+9.0%
Q2 2025+16.5%+15.5%+23.4%
Q1 2025-2.5%+2.8%-4.2%
Q4 2024+5.0%+5.8%-14.7%
Q3 2024+3.7%+3.9%+3.0%
Q2 2024+6.6%+6.7%+9.3%
Q1 2024-0.2%+1.0%+2.0%
Q4 2023+2.2%+0.4%+13.3%
Q3 2023+15.3%+20.1%+39.6%
Q2 2023+2.1%+2.7%+4.0%
Q1 2023+19.6%+15.3%+32.7%
Q4 2022-9.8%-9.1%-23.5%
Q3 2022-12.4%-21.1%-15.4%
Q2 2022+10.8%+15.3%+9.3%
Q1 2022-9.6%-6.7%-2.2%
Q4 2021-7.7%-6.6%-16.5%
Q3 2021+6.4%+4.0%-8.3%
Q3 2026-1.0%+6.8%+2.3%
Q2 2021-2.3%+3.7%+0.3%
Q1 2021-5.4%+0.5%+3289.8%
Q4 2020-8.0%-7.8%+10.0%
Q3 2020+2.1%+2.5%+57.1%
Q2 2020+14.2%+24.7%+38.6%
Q1 2020+2.4%-15.9%-19.1%
Q4 2019-4.0%-6.8%-35.9%
Q3 2019-8.4%-9.8%-7.6%
Q2 2019-1.2%-2.0%-10.3%
Q1 2019+2.2%+3.1%+3.2%
Q4 2018+0.5%+2.6%-0.4%
Q3 2018-7.2%-6.2%-2.0%
Q2 2018+2.9%+2.8%+10.9%
Q1 2018-4.5%-6.5%-4.5%
Q4 2017-2.9%-6.0%+1.4%
Q3 2017-2.5%-5.0%-6.6%
Q2 2017+6.1%+10.4%+7.7%
Q1 2017-2.1%-1.5%-6.0%
Q4 2016+8.7%+8.2%+3.2%
Q3 2016+9.8%+11.4%+21.6%
Q2 2016+8.8%+11.2%+12.0%
Q1 2016-3.4%
Q4 2015-4.4%
Q3 2015-7.9%
Q2 2015+12.9%
Q1 2015-1.0%
Q4 2014-10.5%
Q3 2014+1.9%
Q2 2014+1.1%
Q1 2014+1.6%
Q4 2013-3.3%
Q3 2013+1.7%
Q2 2013-0.4%
Q1 2013-2.7%
Q4 2012-1.6%
Q3 2012-2.3%
Q2 2012+0.0%
Q1 2011-3.5%
Q1 2012+0.5%
Q4 2009-0.2%
Q4 2011-0.2%
Q3 2011-5.9%
Q3 2010-5.9%
Q2 2011-10.6%
Q4 2010-10.6%
Q2 2010+1.6%
Q1 2010-0.3%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro