NASDAQ$OSW
OneSpaWorld Holdings Limited · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported a strong third quarter with increased revenues, income from operations, and adjusted EBITDA compared to the third quarter of 2022. The company also increased its fiscal year 2023 guidance for total revenue and adjusted EBITDA.
OneSpaWorld reported a record $216.3 million in total revenues for Q3 2023, a 33% increase compared to Q3 2022. Income from operations increased by 72% to $17.0 million, and adjusted EBITDA increased by 36% to $24.9 million. The company has increased its fiscal year 2023 guidance for total revenue to $792 - $797 million and adjusted EBITDA to $86 - $88 million.
- Total revenues increased 33% to a record $216.3 million compared to $162.3 million in the third quarter of 2022.
- Income from operations increased $7.1 million to a record $17.0 million compared to $9.8 million in the third quarter of 2022.
- Adjusted EBITDA increased 36% to $24.9 million compared to $18.3 million in the third quarter of 2022.
- Unlevered after-tax free cash flow increased $7.2 million to $24.2 million compared to $17.0 million in the third quarter of 2022.
Headline financials
Revenue & EPS history
OneSpaWorld · Revenue · Quarterly
$216M
Revenue by segment
OneSpaWorld · $216M total across 2 segments · Q3 2023
- Service revenues$176M+32.4%81.3%
- Product revenues$40.4M+37.0%18.7%
Forward guidance
OneSpaWorld introduces Q4 2023 Guidance for Revenues of $193 - $198 Million and Adjusted EBITDA of $20 - $22 Million. Increases Fiscal 2023 Revenues Guidance to $792 - $797 Million from $770 - $790 Million. Increases Fiscal 2023 Adjusted EBITDA Guidance to $86 - $88 Million from $80 - $86 Million.
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 Q3 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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