OneSpaWorld Q3 2023 Earnings Report
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.
OneSpaWorld
OneSpaWorld
OneSpaWorld 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