Press release
Lindblad Expeditions Holdings, Inc. Reports 2024 Fourth Quarter and Full Year Financial Results
Full Year Highlights: Total revenues increased 13% to $644.7 millionNet loss available to stockholders improved by $14.2 millionAdjusted EBITDA increased 28%
About this update from Lindblad Expeditions Holdings Inc.
[{"type":"text","content":"Full Year Highlights:\nTotal revenues increased 13% to $644.7 millionNet loss available to stockholders improved by $14.2 millionAdjusted EBITDA increased 28% to $91.2 millionLindblad segment Net Yield per Available Guest Night increased 7% to $1,170 and Occupancy was 78%NEW YORK, Feb. 27, 2025 /PRNewswire/ -- Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND; the \"Company\" or \"Lindblad\"), a global provider of expedition cruises and adventure travel experiences, today reported financial results for the fourth quarter and full year ended December 31, 2024.\n\n \n \n \n \n \n \n\n \nNatalya Leahy, Chief Executive Officer, commented, \"Experiencing our ships firsthand, I was both humbled and inspired by the truly unmatched adventures we offer, from the most agile and immersive expeditions to the warmth and intimacy of the atmosphere onboard. Lindblad Expeditions pioneered and perfected exploration in the world's most awe-inspiring destinations. 2024 was not only a record year, it was also a foundational one for future growth. With a strengthened Disney/National Geographic relationship, expanded capacity in core markets, and the increased scale of our six-brand portfolio, we are entering 2025 with strong tailwinds. This year, we are focused on driving demand, innovating smartly on costs, and unlocking new portfolio opportunities to further expand our reach and impact.\"\nFULL YEAR RESULTS\nTour Revenues\nFull year tour revenues of $644.7 million increased $75.2 million, or 13%, as compared to a year ago. The increase was driven by a $25.9 million increase at the Lindblad segment and a $49.3 million increase at the Land Experiences segment.\nLindblad segment tour revenues of $423.3 million increased $25.9 million, or 7%, compared to a year ago. The increase was driven by a 2% increase in available guest nights due to greater fleet utilization, a 7% increase in net yield per available guest night to $1,170 due to higher pricing and higher occupancy of 78% in 2024 as compared to 77% a year ago.\nLand Experiences segment tour revenues of $221.4 million increased $49.2 million, or 29%, compared to a year ago primarily due to an increase in guests traveled, higher pricing and the addition of Wineland-Thomson Adventures.\nNet Income\nNet loss available to stockholders for the full year was $35.8 million, $0.67 per diluted share, as com...