Business
OneSpaWorld Reports First Quarter Fiscal 2025 Results
Total Revenues of $219.6 Million, Net Income of $15.3 Million and Adjusted EBITDA of $26.6 Million Reaffirms Fiscal Year 2025 Guidance Introduces Second
About this update from Onespaworld Holdings Limited
[{"type":"text","content":"\nTotal Revenues of $219.6 Million, Net Income of $15.3 Million and Adjusted EBITDA of $26.6 Million\nReaffirms Fiscal Year 2025 Guidance\nIntroduces Second Quarter 2025 Guidance of $235-$240 Million in Total Revenues and $28-$30 Million in Adjusted EBITDA\nBoard Declares Quarterly Dividend of $0.04 Per Share and Authorizes New $75 Million Share Repurchase Program\n\n NASSAU, Bahamas--(BUSINESS WIRE)--\nOneSpaWorld Holdings Limited (NASDAQ: OSW) (“OneSpaWorld,” or the “Company”), the pre-eminent global provider of health and wellness services and products on-board cruise ships and in destination resorts around the world, today announced financial results for the first quarter ended March 31, 2025.\n\nLeonard Fluxman, Executive Chairman and Chief Executive Officer, commented: “We are pleased to report first quarter results at the high end of our guidance and reaffirm our fiscal year 2025 guidance. Our performance reflects the impact of our mission to invest in our cruise line and destination resort partnerships, continuously innovate our guest experiences, and enhance our productivity and profitability across our business, as evidenced by increases across our key operating metrics during the quarter. In addition, we added to our fleet Norwegian Cruise Lines’ first Prima Plus Class ship, Norwegian Aqua™, and we remain on track to introduce health and wellness centers on an additional eight new ship builds commencing voyages this year. Following quarter-end, we also executed an agreement to operate health and wellness centers on 11 ships for P&O and Cunard, continuing our long-standing relationship with these brands.”\n\nMr. Fluxman, continued, “With our positive momentum continuing into the second quarter, we remain confident in our ability to navigate an increasingly dynamic economic environment by leveraging our proven operating strategies, complex global business model, and operating and financial discipline. Our confidence is buoyed by our decades-long experience and the resilience of our business across economic cycles. We are well positioned to provide increasingly valuable service to our partners, experiences to our guests, and results for our stakeholders and shareholders in fiscal 2025 and beyond.”\n\nMr. Fluxman concluded, “In recognition of our strong competitive and financial position, and our consistent free cash flow...