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Dec 31, 2024
Lindblad Expeditions Q4 2024 Earnings Report
Reported financial results for the fourth quarter and full year ended December 31, 2024.
Key Takeaways
Lindblad Expeditions Holdings, Inc. reported a 19% increase in fourth-quarter tour revenues to $148.6 million compared to the same period in 2023, driven by growth in both Lindblad and Land Experiences segments. The net loss available to stockholders improved by $2.3 million, and Adjusted EBITDA increased by $9.6 million.
Fourth quarter tour revenues increased by 19% to $148.6 million.
Lindblad segment tour revenues increased by 6% due to higher net yield per available guest night and increased occupancy.
Land Experiences tour revenues increased by 46% due to an increase in guests traveled, higher pricing and the addition of Wineland-Thomson Adventures.
Adjusted EBITDA increased by $9.6 million, driven by increases in both the Lindblad and Land Experiences segments.
Revenue by Segment
Forward Guidance
The Company’s current expectations for the full year 2025 are as follows: ● Tour revenues of $700 - $750 million ● Adjusted EBITDA of $100 - $112 million
Positive Outlook
- Strong demand in the adventure travel market for both Lindblad and Land Experiences segments
- Booking curves are trending ahead of prior year for 2025
- Booking curves are trending ahead of prior year for 2026 for both segments.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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