Revenue Growth
Revenues increased 17% with Lindblad Expeditions segment generating 11% growth and Land segment increasing 38%.
Record Net Yields
Net yields increased 25% to $1,521, the highest quarterly net yield in the company's history.
Occupancy Increase
Occupancy increased by 14 percentage points to 89% compared to 76% in the prior year.
Adjusted EBITDA Growth
Adjusted EBITDA increased 39% with margins improving by 260 basis points.
Successful Strategic Initiatives
Notable progress on strategic pillars, including maximizing revenue, optimizing financial performance, and exploring growth opportunities.
Disney Partnership
Continued momentum and expansion of reach through the Disney partnership.
International Expansion
Focus on international markets, including a successful brand introduction event in the UK.
European River Experience
Announced a new European river experience through a partnership with Strassen Cruises, set to debut in April 2026.
Positive Cash Flow
Ended the quarter with total cash of $235.2 million, an increase of $19.1 million versus the end of 2024.