OneSpaWorld Reports Record Third Quarter Fiscal 2026 Results
Key Highlights
- ➤Q3 revenue $276.5 million, up 7% year over year
- ➤Q3 net income $28.2 million, up 16% year over year
- ➤Q3 Adjusted EBITDA $39.2 million, up 12% year over year
- ➤Fiscal 2026 revenue guidance raised to $1.033-$1.038 billion
- ➤New $100 million buyback approved; quarterly dividend increased 25%
Expert Statements
Leonard Fluxman, Executive Chairman and Chief Executive Officer of OneSpaWorld
“We delivered excellent third quarter performance, reporting results that surpassed our guidance and marking our 22nd consecutive record quarter of year-over-year growth in Total revenues and Adjusted EBITDA.”
Leonard Fluxman, Executive Chairman and Chief Executive Officer of OneSpaWorld
“Our sustained momentum reflects the durability of our business model, the successful execution of our strategy and our unwavering commitment to deliver memorable experiences for guests of our health and wellness centers at sea and on land.”
Leonard Fluxman, Executive Chairman and Chief Executive Officer of OneSpaWorld
“Our Board’s approval of a new $100 million share repurchase program, together with a 25% increase in our quarterly dividend, demonstrates the power of our asset-light operations to generate consistently strong and growing free cash flow; enabling us to create significant value for our shareholders.”
Leonard Fluxman, Executive Chairman and Chief Executive Officer of OneSpaWorld
“Our performance was broad-based, with gains across all key operating metrics, most notably maritime pre-booking revenue, average guest spend, service frequency and guest penetration.”
Leonard Fluxman, Executive Chairman and Chief Executive Officer of OneSpaWorld
“We also set the stage for further expansion by entering into new agreements with Azamara Cruises and Silversea Cruises.”
Leonard Fluxman, Executive Chairman and Chief Executive Officer of OneSpaWorld
“These agreements extend our long-term partnerships with these brands and enable us to enhance and elevate spa facilities to broaden and innovate the range of services, products and experiences we offer to cruise line guests.”
Leonard Fluxman, Executive Chairman and Chief Executive Officer of OneSpaWorld
“We begin the final quarter of the year strongly positioned and expect the focused execution of our strategy to give us our fourth consecutive year of record results in fiscal 2026.”
Stephen Lazarus, President, Chief Financial Officer and Chief Operating Officer of OneSpaWorld
“I am pleased to report continued strength in the third quarter, which saw Total revenues increase 7% and Adjusted EBITDA increase 12%.”
Stephen Lazarus, President, Chief Financial Officer and Chief Operating Officer of OneSpaWorld
“Ongoing innovation in our guest services and products and our collaboration with our cruise line and destination resort partners serve to further bolster our competitive position and drive our consistent growth.”
Stephen Lazarus, President, Chief Financial Officer and Chief Operating Officer of OneSpaWorld
“We also continued to implement and integrate AI technology to drive operational efficiencies and profitable growth.”
Stephen Lazarus, President, Chief Financial Officer and Chief Operating Officer of OneSpaWorld
“We continued to execute our balanced capital allocation strategy, leveraging our strong cash flow generation and our positive outlook, to return $42.3 million to shareholders in the third quarter, including $37.2 million attributable to the repurchase of approximately 1.4 million common shares and $5.1 million via our quarterly dividend.”
Stephen Lazarus, President, Chief Financial Officer and Chief Operating Officer of OneSpaWorld
“In addition, we repaid $11.3 million of our Term Loan Facility in the third quarter.”
Stephen Lazarus, President, Chief Financial Officer and Chief Operating Officer of OneSpaWorld
“We ended the quarter with $32.1 million in cash, $80.9 million in total liquidity, and Total debt, net of deferred financing costs, of $70.5 million.”
Stephen Lazarus, President, Chief Financial Officer and Chief Operating Officer of OneSpaWorld
“With our strong year-to-date performance and continuing momentum into the fourth quarter, we have raised our fiscal year 2026 guidance.”
Stephen Lazarus, President, Chief Financial Officer and Chief Operating Officer of OneSpaWorld
“We now expect fiscal 2026 Total revenues to increase 10% and Adjusted EBITDA to increase 13% at the midpoints of our guidance ranges, compared with actual fiscal 2025 results, excluding exited and reorganized operations.”
Stephen Lazarus, President, Chief Financial Officer and Chief Operating Officer of OneSpaWorld
“Additionally, our Board has approved a new $100 million share repurchase program and a 25% increase to our quarterly dividend.”
Total Revenues of $276.5 Million, Net Income of $28.2 Million and Adjusted EBITDA of $39.2 Million
Increases Fiscal 2026 Guidance to $1.033 to $1.038 Billion in Total Revenues and $138.0 to $140.0 Million in Adjusted EBITDA
Get started
Create a free account to read the full story.