NASDAQ$OSW
OneSpaWorld Holdings Limited · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
OneSpaWorld's first quarter of 2023 resulted in record total revenues and adjusted EBITDA, surpassing guidance.
OneSpaWorld reported a strong start to fiscal year 2023, with record first-quarter revenue, income from operations, and adjusted EBITDA. The company's performance was driven by its operating platform and strategic execution, leading to increased full-year guidance for both revenue and adjusted EBITDA.
- Total revenues increased by 108% to a record of $182.5 million compared to the first quarter of 2022.
- Income from operations increased by $17.6 million to a record of $11.2 million compared to the first quarter of 2022.
- Adjusted EBITDA increased by $16.9 million to $19.3 million compared to the first quarter of 2022.
- Unlevered after-tax free cash flow increased by $16.5 million to $17.9 million compared to the first quarter of 2022.
Headline financials
Revenue & EPS history
OneSpaWorld · Revenue · Quarterly
$182M
Revenue by segment
OneSpaWorld · $182M total across 2 segments · Q1 2023
- Service revenues$150M+111.0%82.3%
- Product revenues$32.3M+96.0%17.7%
Forward guidance
OneSpaWorld anticipates continued growth in Q2 2023 and fiscal year 2023, with revenue projected to be between $185 million and $190 million and adjusted EBITDA between $18 million and $20 million for Q2 2023. The company has increased fiscal year 2023 revenue guidance to $710 million - $730 million and adjusted EBITDA guidance to $70 million - $76 million.
Tailwinds
- Revenues are expected to be between $185 million and $190 million for Q2 2023.
- Adjusted EBITDA is expected to be between $18 million and $20 million for Q2 2023.
- Fiscal year 2023 revenue guidance increased to $710 million - $730 million.
- Fiscal year 2023 adjusted EBITDA guidance increased to $70 million - $76 million.
- The company expects to have 4,006 employees on cruise ships by the end of the fiscal 2023 second quarter.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.1%
Avg return
Earnings day
+0.1%
Avg return
5 days after
-0.7%
Avg return
30 days after
42%
14 / 33 earnings
Positive
+16.8%
Q1 2024
Best reaction
-10.7%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +4.5% | -1.3% | -0.1% | |
| Q4 2025 | -4.8% | -7.4% | -10.3% | |
| Q3 2025 | +3.0% | +8.4% | -4.1% | |
| Q1 2025 | -5.3% | +3.9% | +6.9% | |
| Q4 2024 | +0.6% | -17.6% | -23.4% | |
| Q3 2024 | +0.3% | +0.3% | +8.8% | |
| Q2 2024 | -5.2% | -10.0% | -5.4% | |
| Q1 2024 | +16.8% | +15.7% | +22.2% | |
| Q4 2023 | -7.1% | -7.7% | -5.7% | |
| Q3 2023 | +1.0% | +4.4% | +16.7% | |
| Q2 2023 | -4.0% | -5.1% | -8.1% | |
| Q1 2023 | -3.2% | -4.5% | -12.5% | |
| Q4 2022 | +8.5% | +9.2% | +7.1% | |
| Q3 2022 | +4.8% | +10.4% | +13.7% | |
| Q2 2022 | +13.2% | +16.9% | +15.4% | |
| Q1 2022 | -6.9% | -14.4% | -7.2% | |
| Q4 2021 | +5.3% | -1.5% | +6.2% | |
| Q3 2021 | +11.4% | +12.5% | -14.4% | |
| Q2 2021 | +6.2% | +2.2% | +2.6% | |
| Q1 2021 | +0.8% | +8.4% | +11.6% | |
| Q4 2020 | -0.5% | -3.1% | -1.9% | |
| Q3 2020 | -10.7% | -5.9% | +2.0% | |
| Q2 2020 | -9.4% | -8.9% | +16.9% | |
| Q1 2020 | -4.6% | +10.4% | +15.9% | |
| Q4 2019 | -1.3% | -1.4% | -66.7% | |
| Q3 2019 | -6.9% | -6.0% | -0.4% | |
| Q2 2019 | -0.8% | -1.1% | +5.2% | |
| Q1 2019 | -1.9% | -2.3% | -5.6% | |
| Q4 2018 | +0.1% | -1.6% | -8.5% | |
| Q3 2018 | +0.0% | +0.0% | +0.4% | |
| Q2 2018 | +0.0% | +0.4% | +0.1% | |
| Q1 2018 | +0.0% | +0.1% | +0.5% | |
| Q4 2017 | +0.0% | +0.0% | +0.0% | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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