Cruise operator Lindblad posts higher Q2 revenue, smaller loss on increased pricing, occupancy rates

Lindblad Expeditions Holdings

04/08/2025 12:38

Overview

Lindblad Q2 2025 rev rises 23% yr/yr, driven by higher pricing and occupancy

Net loss improves by $16.1 mln to $9.7 mln, aided by tax credits

Adjusted EBITDA jumps 139% to $24.8 mln, reflecting strong segment performance

Outlook

Company expects 2025 tour revenues of $725 - $750 mln

Lindblad forecasts 2025 adjusted EBITDA of $108 - $115 mln

Result Drivers

HIGHER PRICING - Lindblad segment tour revenues increased due to higher pricing and occupancy rates

ADDITIONAL TRIPS - Land Experiences segment revenue growth driven by operating additional trips and higher pricing

TAX CREDITS - Net loss improvement aided by employee retention tax credits

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Tour Revenue
$167.94 mln
Q2 Net Income
-$9.70 mln
Q2 Adjusted EBITDA
$24.84 mln
Q2 Operating Income
$4.41 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the hotels, motels & cruise lines peer group is "buy"

Wall Street's median 12-month price target for Lindblad Expeditions Holdings Inc is $16.00, about 26.7% above its August 1 closing price of $11.73

Press Release: ID:nPn319Pm4a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)