OneSpaWorld Q3 2024 Earnings Report
Key Takeaways
OneSpaWorld reported record third-quarter results, with total revenues increasing by 12% to $241.7 million, income from operations increasing by 48% to $25.0 million, and adjusted EBITDA increasing by 33% to $33.0 million. The company also increased its fiscal year 2024 revenue guidance to $888 - $893 million and adjusted EBITDA guidance to $110 - $112 million.
Total revenues increased 12% to a record $241.7 million compared to the third quarter of 2023.
Income from operations increased 48% to a record $25.0 million compared to the third quarter of 2023.
Adjusted EBITDA increased 33% to a record $33.0 million compared to the third quarter of 2023.
Unlevered after-tax free cash flow increased 28% to a record $31.0 million compared to the third quarter of 2023.
OneSpaWorld
OneSpaWorld
OneSpaWorld Revenue by Segment
Forward Guidance
The company anticipates revenues between $210 and $215 million and adjusted EBITDA between $25 and $27 million for Q4 2024. The company expects revenues between $888 and $893 million and adjusted EBITDA between $110 and $112 million for fiscal year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income