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Sep 30, 2023
OneSpaWorld Q3 2023 Earnings Report
Reported a strong third quarter with increased revenues, income from operations, and adjusted EBITDA compared to the third quarter of 2022. The company also increased its fiscal year 2023 guidance for total revenue and adjusted EBITDA.
Key Takeaways
OneSpaWorld reported a record $216.3 million in total revenues for Q3 2023, a 33% increase compared to Q3 2022. Income from operations increased by 72% to $17.0 million, and adjusted EBITDA increased by 36% to $24.9 million. The company has increased its fiscal year 2023 guidance for total revenue to $792 - $797 million and adjusted EBITDA to $86 - $88 million.
Total revenues increased 33% to a record $216.3 million compared to $162.3 million in the third quarter of 2022.
Income from operations increased $7.1 million to a record $17.0 million compared to $9.8 million in the third quarter of 2022.
Adjusted EBITDA increased 36% to $24.9 million compared to $18.3 million in the third quarter of 2022.
Unlevered after-tax free cash flow increased $7.2 million to $24.2 million compared to $17.0 million in the third quarter of 2022.
Revenue by Segment
Forward Guidance
OneSpaWorld introduces Q4 2023 Guidance for Revenues of $193 - $198 Million and Adjusted EBITDA of $20 - $22 Million. Increases Fiscal 2023 Revenues Guidance to $792 - $797 Million from $770 - $790 Million. Increases Fiscal 2023 Adjusted EBITDA Guidance to $86 - $88 Million from $80 - $86 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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