OneSpaWorld Q4 2022 Earnings Report
Key Takeaways
OneSpaWorld announced strong Q4 2022 financial results, with record revenue of $168.9 million, income from operations of $10.7 million, and adjusted EBITDA of $20.7 million. The company's strategies implemented during the pandemic led to a successful return to normalized operations, with double-digit increases across key operating metrics. The company expects fiscal year 2023 to be another year of accomplishment.
Total revenues increased 97% to a record $168.9 million compared to Q4 2021.
Income from operations increased $14.7 million to a record $10.7 million compared to Q4 2021.
Adjusted EBITDA increased $15.9 million to a record $20.7 million compared to Q4 2021.
Unlevered after-tax free cash flow increased to $19.0 million compared to $3.1 million in Q4 2021.
OneSpaWorld
OneSpaWorld
Forward Guidance
For the quarter ending March 31, 2023, OneSpaWorld expects revenue of $170 to $175 million and Adjusted EBITDA of $16 to $18 million. The company also reiterates its fiscal 2023 guidance expecting total revenues of $660 to $680 million, and Adjusted EBITDA of $64 to $70 million.
Positive Outlook
- Revenue of $170 to $175 million for Q1 2023
- Adjusted EBITDA of $16 to $18 million for Q1 2023
- Total revenues of $660 to $680 million for fiscal year 2023
- Adjusted EBITDA of $64 to $70 million for fiscal year 2023
- Increases of 23% and 36%, respectively, over fiscal 2022 results at the mid-point of the respective ranges.