OneSpaWorld Holdings (NASDAQ:OSW) reported record fourth-quarter revenue that fell just short of Wall Street expectations, as one-time restructuring costs and asset impairments weighed on the cruise-based wellness provider’s bottom line.
The Nassau, Bahamas-based company posted fourth-quarter revenue of $242.1 million, an 11 percent increase compared to the prior year.
The growth was driven by a wave of new ship launches and a steady rise in passenger spending.
However, the result trailed the $243.5 million consensus estimate.
Adjusted EBITDA for the period rose 17 percent to $31.2 million, landing at the high end of the company’s own revised guidance.
Profitability was impacted by $5.7 million in non-recurring restructuring expenses and impairment charges.
Consequently, net income for the quarter decreased 16 percent to $12.1 million, or 12 cents per share.
This missed the average analyst estimate of 26 cents per share.
For the full fiscal year 2025, OneSpaWorld generated total revenue of $961.0 million, a 7 percent increase, while full-year net income dipped slightly to $71.6 million.