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Jun 30, 2024
Lindblad Expeditions Q2 2024 Earnings Report
Lindblad Expeditions reported a revenue increase and strategic expansions in Q2 2024.
Key Takeaways
Lindblad Expeditions Holdings, Inc. reported a 9% increase in total revenues to $136.5 million for the second quarter of 2024. The company's net loss available to stockholders increased slightly, while Adjusted EBITDA rose by $4.2 million to $10.4 million. Strategic growth initiatives included the acquisition of two vessels for the Galápagos market and the closing of the acquisition of Wineland-Thompson Adventures.
Total revenues increased by 9% to $136.5 million.
Net loss available to stockholders increased by $0.3 million.
Adjusted EBITDA increased by $4.2 million to $10.4 million.
Bookings to date for future travel increased 17% vs the same period in 2023.
Revenue by Segment
Forward Guidance
The Company’s current expectations for the full year 2024 are as follows:
Positive Outlook
- Tour revenues of $610 - $630 million
- Adjusted EBITDA of $88 - $98 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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