Marriott Vacations Worldwide Corporation ( (VAC) ) has released its Q3 earnings. Here is a breakdown of the information Marriott Vacations Worldwide Corporation presented to its investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Marriott Vacations Worldwide Corporation is a prominent global vacation company specializing in vacation ownership, exchange, rental, and resort management services, with a diverse portfolio of iconic brands and a strong presence in over 90 countries.
In its third-quarter 2025 financial results, Marriott Vacations Worldwide reported a net loss of $2 million attributable to common stockholders, with diluted loss per share at $0.07. However, the adjusted net income was $66 million, translating to an adjusted diluted earnings per share of $1.69. The company also recorded an adjusted EBITDA of $170 million.
Key financial metrics showed a 4% decline in consolidated contract sales compared to the previous year, attributed to a 1% decrease in tours and a 5% drop in volume per guest (VPG). Despite these challenges, the company saw a decrease in delinquencies for the third consecutive quarter and is implementing strategies to boost growth, including realigning sales incentives and enhancing lead quality through FICO-based screening.
The Exchange & Third-Party Management segment experienced a 6% revenue decline, primarily due to lower transaction volumes at Interval International. The company ended the quarter with $1,428 million in liquidity, including $474 million in cash and cash equivalents.
Looking ahead, Marriott Vacations Worldwide remains focused on its strategic initiatives to drive growth and expects a significant adjusted EBITDA benefit from its modernization program by the end of 2026, reflecting management’s commitment to enhancing operational efficiencies and shareholder value.