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Jan 01, 2023
Lucky Strike Entertainment Q2 2023 Earnings Report
Bowlero's Q2 2023 financial results were announced, featuring record-breaking revenue and significant growth in key metrics.
Key Takeaways
Bowlero Corp. reported record-breaking revenue of $273.4 million, a 33.2% increase year-over-year. Net income was $1.4 million, with a normalized net income of $32.2 million after adjusting for non-cash expenses. Adjusted EBITDA reached $97.0 million, a 45.2% increase year-over-year. The company continues to expand with new centers and the rollout of its MoneyBowl™ app.
Revenue reached a record $273.4 million, up 33.2% year-over-year.
Net income totaled $1.4 million, with Normalized Net Income at $32.2 million.
Adjusted EBITDA was $97.0 million, a 45.2% increase year-over-year.
The company added 8 new centers during the quarter.
Lucky Strike Entertainment
Lucky Strike Entertainment
Forward Guidance
The future for the Company is as bright as ever. In addition to record financial performance in the quarter, we continue to achieve exciting milestones, including surpassing $1.0 billion in TTM revenue, $350 million in TTM Adjusted EBITDA, and rolling out MoneyBowl™, our entirely in-house gamification app to 37 centers and counting, which we anticipate will revolutionize how bowlers interact with the lanes.