Lucky Strike Entertainment reported a slight decrease in revenue but a significant increase in net income for the second quarter of fiscal year 2025. Revenue decreased by 1.8% to $300.1 million, while net income improved to $28.3 million compared to a loss of $63.5 million in the prior year. The company opened new centers and acquired Boomer's, adding family entertainment centers and a water park to its portfolio.
Revenue decreased 1.8% to $300.1 million year-over-year.
Same Store Revenue decreased 6.2% versus the prior year.
Net income was $28.3 million, a significant improvement from the prior year's loss of $63.5 million.
Adjusted EBITDA was $98.8 million compared to $103.1 million in the prior year.
The Company reiterated financial guidance for fiscal year 2025. We expect total Revenue to be up mid-single digits to 10%+ year-over-year, which equates to $1.23 billion to $1.28 billion of total Revenue. Adjusted EBITDA margin is expected to be 32% to 34%, which equates to Adjusted EBITDA of $390 million to $430 million.