Skiing

Vail Resorts Revenue Jumps to $2.1B, Plans for Ski Pass on Phone Next (Sportico)   Ski giant Vail Resorts reported revenue for the fiscal year ended July 31 of $2.1 billion and net income of $348 million. The revenue total was up 28% from the prior year, while earnings nearly tripled, as mountain operations mostly returned to normal, following a COVID-19-impacted 2021.

Alterra Mountain Company Acquires Ski Butlers (SGB UPDATE) Alterra Mountain Company acquired Ski Butlers, a ski equipment rental and delivery service headquartered in Utah.

U.S. Ski & Snowboard Already Thinking Winter With Increased FIS World Cup Events on Tap (SportsTravel) It’s over 90 degrees outside and not a cloud in the sky in Park City in late July, so it’s the perfect time to do one thing — talk about skiing.
The summer may be offseason but planning is already underway for the upcoming U.S. Ski & Snowboard season. With four additional races on the FIS schedule heading to the United States, the increased visibility that the sport will have in the winter months is one of the landmark early achievements for Chief Executive Officer Sophie Goldschmidt as she approaches the one-year anniversary of her start at the national governing body.

Ski Sensor Developer Carv Closes $5.1 Million Seed Funding Round (SportTechie) Ski sensor developer Carv has closed a $5.1 million seed funding round that will help the company make new hires across its data science, software and hardware departments. The round was led by gaming-focused VC firm Hiro Capital and brings Carv’s total funding to $10.9 million.

Powdr Corp.’s Debt Ratings Upgraded Following Strong Ski Season (SGB UPDATE) S&P Global Ratings raised its debt ratings on Powdr Corp. as skier visitations exceeded S&P’s forecast during the 2021/2022 ski season, resulting in revenue, EBITDA, and adjusted leverage that has outperformed S&P’s previous base case.