Lindblad Expeditions Holdings reported a strong third-quarter performance, driven by the expansion of its expedition-cruise offerings. The company, known for its partnership with National Geographic and its unique boutique-style cruises to remote destinations, recorded a net income available to stockholders of $4.54 million, or 8 cents per share, marking a significant improvement from the loss of $9.76 million, or 18 cents per share, in the same period last year. Analysts had anticipated a profit of 4 cents per share.
Furthermore, revenue climbed 22% to $176 million, outperforming analysts’ expectations of $169.4 million. The company’s core cruise business experienced an impressive 30% increase in revenue, while the land-experiences business, which includes various activities such as cycling tours, also achieved a notable 10% boost in revenue for the quarter.
These results highlight Lindblad Expeditions Holdings’ successful efforts in capitalizing on the growing demand for unique and immersive travel experiences. With its distinct blend of adventure and luxury, the company continues to attract discerning travelers seeking unforgettable journeys to far-flung corners of the world.
By Will Feuer