Press release
Lindblad Expeditions Holdings, Inc. Reports 2025 First Quarter Financial Results
First Quarter 2025 Highlights: Total revenue increased 17% to $179.7 millionNet loss available to stockholders improved $5.1 million to $0.04 millionAdjusted
About this update from Lindblad Expeditions Holdings Inc.
[{"type":"text","content":"First Quarter 2025 Highlights:\nTotal revenue increased 17% to $179.7 millionNet loss available to stockholders improved $5.1 million to $0.04 millionAdjusted EBITDA increased 39% to $30.0 millionLindblad segment net yield per available guest night increased 25% to $1,521Occupancy increased to 89% from 76%NEW YORK, May 6, 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 first quarter ended March 31, 2025.\n\n \n \n \n \n \n \n\n \nNatalya Leahy, Chief Executive Officer, said \"We delivered outstanding results in Q1, and I couldn't be more proud of our team. With 89% occupancy and a historically high yield of $1,521 we've set a powerful tone for the year ahead.\nAs we navigate a complex macroeconomic environment, we remain cautiously optimistic that our guests will continue to prioritize meaningful experiences. Our focus stays firmly on the elements within our control: delivering exceptional adventure experiences, optimizing revenue, innovating around cost efficiency, and investing in long-term growth. With this continued consistent approach, I'm confident will delight our guests and our shareholders alike.\"\nFIRST QUARTER RESULTS\nTour Revenues\nFirst quarter tour revenues of $179.7 million increased $26.1 million, or 17%, as compared to the same period in 2024. The increase was driven by a $12.8 million increase at the Lindblad segment and a $13.3 million increase at the Land Experiences segment.\nLindblad segment tour revenues of $131.1 million increased $12.8 million, or 11%, compared to the first quarter a year ago primarily due to a 25% increase in net yield per available guest night to $1,521 driven by higher pricing and an increase in occupancy to 89% from 76% in the first quarter a year ago.\nLand Experiences tour revenues of $48.6 million increased $13.3 million, or 38%, compared to the first quarter a year ago primarily due to operating additional trips and higher pricing. The Land Experiences segment also includes a full quarter of results for Wineland-Thomson Adventures, which was acquired during the third quarter of 2024.\nNet Income\nNet loss available to stockholders for the first quarter was $0.04 million, $0.00 per diluted share, as compared ...