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Apr 02, 2023
Lucky Strike Entertainment Q3 2023 Earnings Report
Bowlero Corp. achieved record-breaking results, marked by revenue growth and strategic financial maneuvers.
Key Takeaways
Bowlero Corp. reported record revenue of $316 million for Q3 2023, a 22% increase year-over-year, driven by strong event performance and increases in league and walk-in-retail revenue. The company experienced a net loss of $32 million, impacted by an $87 million non-cash expense related to earnout shares revaluation, but adjusted net income was $55 million. Adjusted EBITDA reached $128 million, up 18% year-over-year. The company added one new center during the quarter, bringing the total to 327.
Revenue reached a record $316 million, up 22% year-over-year.
Same-store revenue increased 17% year-over-year.
Net loss was $32 million, influenced by an $87 million non-cash expense; adjusted net income was $55 million.
Adjusted EBITDA increased to $128 million, an 18% increase year-over-year.
Lucky Strike Entertainment
Lucky Strike Entertainment
Forward Guidance
No specific forward guidance was provided in the earnings report.