OneSpaWorld Q1 revenue rises 16% to $211.2 million; raises 2024 guidance
OneSpaWorld reported first-quarter 2024 total revenues of $211.2 million, up 16% from a year earlier, and net income of $21.2 million, or $0.21 per diluted share, compared with a net loss of $15.9 million, or $0.17 per share, a year earlier. The company raised its fiscal 2024 revenue guidance to $860 million to $880 million and its adjusted EBITDA guidance to $95 million to $105 million, and its board approved a $50 million share repurchase program. Net income includes a $7.7 million gain from the change in fair value of warrant liabilities.
Key points
- Income from operations rose 52% to $17.0 million; adjusted EBITDA rose 31% to $25.3 million from $19.3 million.
- Fiscal 2024 revenue guidance raised to $860-$880 million from $850-$870 million.
- Fiscal 2024 adjusted EBITDA guidance raised to $95-$105 million from $90-$100 million.
- Board approved a share repurchase program of up to $50 million; cash at March 31, 2024 was $66.6 million.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.