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Sep 30, 2022
Lindblad Expeditions Q3 2022 Earnings Report
Lindblad delivered strong financial results driven by the ramp in operations and harnessing the expanded earnings power of the company.
Key Takeaways
Lindblad Expeditions Holdings, Inc. reported strong financial results for the third quarter ended September 30, 2022. Total revenue increased to $144.8 million, and Adjusted EBITDA increased to $18.6 million. Bookings for 2023 are 23% ahead of bookings for 2020 at the same point in 2019.
Total revenue of $144.8 million increased $80.3 million versus 2021 and $43.8 million compared with the third quarter of 2019
Adjusted EBITDA of $18.6 million increased $25.2 million versus the third quarter of 2021
Lindblad segment Net Yield per Available Guest Night increased 24% to $1,014 with Occupancy of 81%
Strong reservations for future travel with bookings for 2023 23% ahead of bookings for 2020 at the same point in 2019
Revenue by Segment
Forward Guidance
The growing desire for high quality, immersive and authentic experiences drove the positive earnings contributions during the third quarter, while also positioning us for continued success in 2023 and beyond, when we can further leverage the increased fleet capacity and diversified product offerings we have strategically invested in over the last two years.
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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