Record Revenue Growth
Total revenues increased 7% to a record $240.7 million compared to $224.9 million in the second quarter of 2024.
Increased Profitability
Income from operations increased 17% to a record $22.1 million, net income rose 27% to $19.9 million, and adjusted EBITDA increased 13% to a record $30.5 million.
Expansion in Ship Partnerships
Renewed partnership with Windstar Cruises and introduced a new health and wellness center onboard the newly launched Oceania Allura.
Growth in Medi-Spa Services
Medi-spa services available on 147 ships, up from 144, and generated over 20% growth for Thermage FLX and CoolSculpting Elite treatments in Q2.
Strong Balance Sheet
Total cash of $36.2 million and full availability on a $50 million revolving loan facility, providing total liquidity of $86.2 million.
Positive Revenue Guidance
Annual revenue guidance affirmed and 2025 adjusted EBITDA guidance increased.