Third Quarter 2024 Highlights
Total revenues increased 17% to $206.0 million
Net income available to stockholders increased $16.8 million
Adjusted EBITDA increased 35% to $45.8 million
Lindblad Segment:
Available Guest Nights increased 6%
Net Yield per Available Guest Night increased 9% to $1,205 and Occupancy was 82%
Bookings to date for future travel increased 26% vs the same period in 2023
Further expanded land-based portfolio with the closing of the acquisition of Wineland-Thompson Adventures
NEW YORK, Nov. 5, 2024 /PRNewswire/ — Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND; the “Company” or “Lindblad”), a global provider of expedition cruises and adventure travel experiences, today reported financial results for the third quarter ended September 30, 2024. Sven Lindblad, Chief Executive Officer, said “Lindblad delivered a record third quarter as we continue to generate strong operating results across both our fleet and expanded land experiences portfolio.”
Lindblad Expeditions Holdings, Inc. has shown impressive growth in the third quarter of 2024. With a 17% increase in total revenues, a $16.8 million increase in net income, and a 35% rise in Adjusted EBITDA, the company’s financial performance is on an upward trajectory. The Lindblad segment also saw positive results, with increases in Available Guest Nights, Net Yield per Available Guest Night, and future travel bookings.
The acquisition of Wineland-Thompson Adventures further expands Lindblad’s land-based portfolio, indicating the company’s commitment to providing diverse and exciting travel experiences for its customers.
Impact on Me
As a potential traveler, the third-quarter results of Lindblad Expeditions Holdings, Inc. suggest that the company is performing well and is likely to continue offering high-quality expedition cruises and adventure travel experiences. The increase in future travel bookings indicates that more exciting opportunities may be available for me as a customer.
Impact on the World
Lindblad Expeditions Holdings, Inc.’s continued growth and success in the travel industry have broader implications for the world. The company’s expansion and positive financial results contribute to the overall economy and tourism sector, generating employment opportunities and promoting sustainable travel practices.
Conclusion
In conclusion, Lindblad Expeditions Holdings, Inc. has delivered strong financial performance in the third quarter of 2024, showcasing growth and success in its expedition cruises and adventure travel experiences. The company’s commitment to providing unique and diverse travel opportunities, as evidenced by the acquisition of Wineland-Thompson Adventures, bodes well for both customers and the travel industry as a whole.
