Lucky Strike Entertainment Corp · Q2 2023 earnings

Briefing

Bowlero's Q2 2023 financial results were announced, featuring record-breaking revenue and significant growth in key metrics.

Bowlero Corp. reported record-breaking revenue of $273.4 million, a 33.2% increase year-over-year. Net income was $1.4 million, with a normalized net income of $32.2 million after adjusting for non-cash expenses. Adjusted EBITDA reached $97.0 million, a 45.2% increase year-over-year. The company continues to expand with new centers and the rollout of its MoneyBowl™ app.

• Revenue reached a record $273.4 million, up 33.2% year-over-year.
• Net income totaled $1.4 million, with Normalized Net Income at $32.2 million.
• Adjusted EBITDA was $97.0 million, a 45.2% increase year-over-year.
• The company added 8 new centers during the quarter.

Headline financials

Revenue & EPS history

The future for the Company is as bright as ever. In addition to record financial performance in the quarter, we continue to achieve exciting milestones, including surpassing $1.0 billion in TTM revenue, $350 million in TTM Adjusted EBITDA, and rolling out MoneyBowl™, our entirely in-house gamification app to 37 centers and counting, which we anticipate will revolutionize how bowlers interact with the lanes.