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OneSpaWorld Q1 2025 Earnings Report
OneSpaWorld reported first quarter fiscal 2025 results, with total revenues of $219.6 million, net income of $15.3 million, and adjusted EBITDA of $26.6 million.
Key Takeaways
OneSpaWorld delivered strong first quarter fiscal 2025 results, meeting the high end of its guidance, driven by strategic investments in cruise line and destination resort partnerships, innovation in guest experiences, and enhanced productivity. The company also announced a new $75 million share repurchase program and a quarterly dividend, reflecting confidence in its financial position and commitment to shareholder value.
Total revenues increased 4% to $219.6 million in Q1 2025, up from $211.2 million in Q1 2024.
Net income for Q1 2025 was $15.3 million, compared to $21.2 million in Q1 2024, which included a $7.7 million benefit from warrant liabilities.
Adjusted EBITDA increased 5% to $26.6 million in Q1 2025, including $1.1 million of cash personnel severance expense.
The company ended the quarter with 199 health and wellness centers on cruise ships and 50 in destination resorts, and approved a new $75 million share repurchase program.
Revenue by Segment
Forward Guidance
OneSpaWorld expects continued growth in fiscal 2025, with high-single digit increases in Total revenues and Adjusted EBITDA, driven by strategic initiatives and new health and wellness centers.
Positive Outlook
- Reaffirmed fiscal year 2025 guidance for Total Revenues between $950-$970 million and Adjusted EBITDA between $115-$125 million.
- Introduced second quarter 2025 guidance for Total Revenues between $235-$240 million and Adjusted EBITDA between $28-$30 million.
- Expects to generate positive Cash flow from operations for fiscal year 2025.
- Benefit from strategic initiatives and health and wellness centers on eight new ships being introduced later this year.
- Anticipates continued positive momentum into the second quarter.
Challenges Ahead
- No specific negative forward guidance points were explicitly stated in the provided text.
- The company acknowledges an 'increasingly dynamic economic environment' which could pose challenges.
- Future results may be affected by extraordinary, unusual, or nonrecurring items.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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