OneSpaWorld Q2 2024 Earnings Report
Key Takeaways
OneSpaWorld announced record second quarter fiscal 2024 results with total revenues of $224.9 million, income from operations of $18.8 million, and adjusted EBITDA of $27.1 million. The company increased its fiscal year 2024 revenue guidance to $870 - $890 million and adjusted EBITDA guidance to $102 - $108 million.
Total revenues increased by 12% to a record $224.9 million compared to the second quarter of 2023.
Income from operations increased by 40% to a record $18.8 million compared to the second quarter of 2023.
Adjusted EBITDA increased by 25% to $27.1 million compared to the second quarter of 2023.
Unlevered after-tax free cash flow increased 18% to $23.8 million compared to the second quarter of 2023.
OneSpaWorld
OneSpaWorld
OneSpaWorld Revenue by Segment
Forward Guidance
OneSpaWorld provided guidance for Q3 2024 and Fiscal Year 2024. They expect Q3 2024 revenues of $235-240 million and Adjusted EBITDA of $27-29 million. For the full year 2024, they anticipate revenues of $870-890 million and Adjusted EBITDA of $102-108 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income