OneSpaWorld Holdings Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw record revenues and Adjusted EBITDA, driven by innovation in Medi-Spa services, strong staff retention, and robust pre-booking growth. Guidance for Q2 and full-year 2026 anticipates continued double-digit growth, with risks from European demand softness factored in.
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Preliminary Q4 results were strong despite a brief November dip, with record New Year cruises and robust 2026 guidance. AI and digital initiatives are expanding, staff retention is at a record high, and capital allocation favors buybacks and dividends. Partnerships are now more collaborative.
Fiscal Year 2025
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Record Q4 and fiscal year results were driven by innovation, expansion, and operational efficiency, with double-digit revenue and Adjusted EBITDA growth. Fiscal 2026 guidance projects revenues above $1 billion, with AI and dynamic pricing initiatives expected to further enhance performance later in the year.
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Record Q3 results with 7% revenue growth and 13% higher net income, driven by new ship builds, expanded high-value services, and strong guest spend. Raised 2025 guidance and increased dividend by 25%, while advancing AI initiatives and maintaining robust capital returns.
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Record Q2 results with 7% revenue growth and 27% net income increase, driven by strong consumer demand, expanded services, and innovation. Raised adjusted EBITDA guidance for 2025, with robust cash flow supporting dividends and potential share repurchases.
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First quarter results exceeded expectations with 4% revenue growth and 5% higher Adjusted EBITDA, driven by strong cruise partnerships, innovation, and productivity. Guidance for 2025 is reaffirmed, with no signs of weakening demand or consumer spend.
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Strong demand and high market share drive robust financial performance, with 2024 described as normalized and 2025 guidance reflecting new ship additions. Capital allocation is shifting toward shareholder returns, and pre-booking initiatives are expected to boost onboard spending.
Fiscal Year 2024
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Record revenue and earnings growth in 2024, with strong momentum and guidance for 2025. Expansion of Medi-Spa services and new ship partnerships drive results, while capital structure is strengthened through debt reduction, dividends, and share repurchases.
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Record Q3 results with 12% revenue growth and 33% higher Adjusted EBITDA, driven by strong cruise demand and productivity gains. Fiscal 2024 guidance was raised, with continued expansion in maritime and MediSpa services, and a balanced capital allocation strategy maintained.
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Record Q2 results with 12% revenue growth and strong gains in net income and Adjusted EBITDA led to raised 2024 guidance. Dividend program reinstated, debt reduced, and productivity improvements drove margin expansion.