Lindblad Expeditions Holdings ( (LIND) ) has released its Q1 earnings. Here is a breakdown of the information Lindblad Expeditions Holdings presented to its investors.
Lindblad Expeditions Holdings, Inc. is a global leader in expedition travel, offering immersive and educational journeys across all seven continents through its diverse portfolio of ship- and land-based expeditions, often in collaboration with National Geographic.
In the first quarter of 2025, Lindblad Expeditions reported a significant increase in total revenue by 17% to $179.7 million, alongside an improvement in net loss available to stockholders by $5.1 million, resulting in a marginal net loss of $0.04 million. The company also achieved a 39% increase in adjusted EBITDA to $30.0 million.
Key financial highlights for the quarter included a 25% increase in net yield per available guest night to $1,521, driven by higher pricing and increased occupancy rates, which rose from 76% to 89%. The Lindblad segment saw an 11% rise in tour revenues, while the Land Experiences segment experienced a 38% increase, benefiting from additional trips and the acquisition of Wineland-Thomson Adventures.
Looking ahead, Lindblad Expeditions remains cautiously optimistic about the future, focusing on delivering exceptional adventure experiences and optimizing revenue. The company expects full-year 2025 tour revenues to range between $700 million and $750 million, with adjusted EBITDA projected between $100 million and $112 million.