Onespaworld Holdings Stock Earnings Reports

OneSpaWorld reported a strong start to fiscal 2026 with record first-quarter results: total revenues rose 13% to $247.6 million and adjusted EBITDA increased 21% to $32.2 million. The company attributed growth to fleet expansion (operating on 208 ships at quarter end vs. 199 a year ago), higher-value service expansion (medi-spa, IV therapy, acupuncture and new technologies like Thermage, CoolSculpting and truFlex), improved productivity (revenue per passenger per day, revenue per staff per day, and a 77% staff retention rate), and a 17% increase in prebooked revenue. Management highlighted disciplined capital allocation: $5.1 million returned as dividend, $1.3 million term loan paydown, $17.3 million cash on hand and full availability on a $50 million revolver (total liquidity $67.3 million). They reiterated an asset-light model and provided guidance: Q2 revenue $257M–$262M and adjusted EBITDA $32.5M–$34.5M (roughly 10% growth at midpoint), and full-year revenue $1.014B–$1.034B with adjusted EBITDA $129M–$139M (about 9% growth at midpoint). Management is actively rolling out AI and machine learning tools (revenue-optimization engine on ~190 vessels; an AI maritime assistant resolving 94% of tickets on 191 vessels) and plans a future dynamic pricing model for prebooked services. The company expects to put medi-spa services on ~157 ships by year-end 2026 and to continue leveraging higher-margin wellness and longevity offerings to drive yield. Management noted awareness of geopolitical risks and potential booking softness for Europe but stated that those risks were factored into guidance and that their ~11% penetration of cruise guests provides some insulation.