OneSpaWorld Q1 revenue rises 13%, beats estimates on cruise ship expansion

Overview

• Global cruise wellness provider's Q1 revenue rose 13% yr/yr, beating analyst expectations

• Adjusted EPS and adjusted EBITDA for Q1 beat analyst expectations

• Company declared quarterly dividend of $0.05 per share

Outlook

• OneSpaWorld sees Q2 2026 revenue of $257 mln to $262 mln

• Company expects Q2 2026 adjusted EBITDA of $32.5 mln to $34.5 mln

• OneSpaWorld forecasts FY 2026 revenue of $1.014 bln to $1.034 bln

Result Drivers

• CRUISE SHIP EXPANSION - Revenue growth was driven by a 4% increase in revenue days and health and wellness center expansion from new ship builds

• HIGHER GUEST SPEND - Average guest spend rose 2%, contributing to increased revenues

• AI TECHNOLOGY INTEGRATION - Co said it is accelerating integration of AI-driven technologies to drive incremental revenue and earnings growth

Company press release: ID:nBw60h9WZa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the leisure & recreation peer group is "buy."

• Wall Street's median 12-month price target for OneSpaWorld Holdings Ltd is $26.00, about 9.5% above its April 28 closing price of $23.75

• The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 18 three months ago

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