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Please stand by. We're about to begin. Good afternoon, ladies and gentlemen. Welcome to the Vail Resorts fiscal first-quarter 2025 earnings conference call. Today's conference is being recorded.

Vail Resorts, Inc. today reported results for the first quarter of fiscal 2025 ended October 31, 2024, provided season pass sales results for the 2024/2025 season, updated fiscal 2025 net income ...