Research analysts covering ORW.
Recent press releases and 8-K filings for ORW.
OneSpaWorld Discusses Q4 2025 Results, 2026 Outlook, and Strategic Initiatives
ORW
Guidance Update
Share Buyback
New Projects/Investments
- OneSpaWorld provided preliminary Q4 2025 results with a slight revenue downtick but reiterated EBITDA expectations, and its 2026 outlook is in line with expectations. A reorganization includes exiting land-based Asia operations and converting some European revenue to management fees, impacting top-line revenue but not EBITDA.
- The company's capital allocation in 2025 included returning $92.9 million to shareholders via $75.4 million in share repurchases and $17.5 million in dividends, alongside $15 million in early debt paydown. Stock buybacks remain the number one priority.
- Strategic growth drivers include record-high guest spend and efforts to increase pre-booking from 22% (where pre-booked guests spend 35% or more than others). AI initiatives are expanding, with a revenue enhancement feature rolling out to 185 vessels by Q2 2026 and a new dynamic price optimization model for pre-booking being implemented across approximately 90% of ships.
Jan 12, 2026, 7:00 PM
OneSpaWorld Discusses 2026 Outlook, Strategic Initiatives, and Capital Allocation
ORW
Guidance Update
New Projects/Investments
Share Buyback
- OneSpaWorld provided a preliminary Q4 2025 update, noting a slight revenue downtick in November but strong December performance, reiterating EBITDA expectations, and offering a 2026 outlook that is in line with expectations.
- The company is undergoing a reorganization, exiting its land-based Asia operation and converting some European revenue to a management fee model, which impacts 2026 revenue but not EBITDA, and preserves its tax status.
- Strategic initiatives include expanding AI-driven revenue enhancement features to 185 vessels by Q2 2026 and implementing a dynamic price optimization model for pre-booking, aiming to improve utilization and yield.
- In 2025, the company returned $92.9 million to shareholders through share repurchases and dividends, and invested an additional $15 million in early debt pay down, with future capital allocation priorities being opportunistic stock buybacks, growing dividends, and further debt reduction.
- Guest spend is at its highest, driven by menu changes and a focus on longer-duration services, while staff retention has improved to 76% and building, contributing to higher revenue generation and lower training costs.
Jan 12, 2026, 7:00 PM
OneSpaWorld Reports Record Q3 2025 Performance and Issues Strong FY 2025 and FY 2026 Guidance
ORW
Guidance Update
Share Buyback
Dividends
- OneSpaWorld (ORW) achieved record performance in Q3 2025, marking its 18th consecutive quarter of year-over-year growth in Total Revenues and Adjusted EBITDA.
- In Q3 2025, ORW returned $4.1 million to shareholders via dividends and $17.6 million through share repurchases, while also repaying $11.3 million of its Term Loan Facility.
- The company issued FY 2025 guidance projecting Total Revenues of $958.5 million to $963.5 million and Adjusted EBITDA of $122 million to $124 million.
- For FY 2026, ORW projects Total Revenues of $1.01 billion to $1.03 billion and Adjusted EBITDA of $128 million to $138 million.
- ORW maintains over 90% outsourced spa market share on cruise ships, benefiting from a cruise industry rebound where Q3 2025 Passenger Cruise Days exceeded Q3 2019 levels by over 16%.
Jan 12, 2026, 7:00 PM
OneSpaWorld Discusses 2026 Outlook, Capital Allocation, and Strategic Initiatives at ICR Conference
ORW
Guidance Update
Share Buyback
New Projects/Investments
- OneSpaWorld pre-announced preliminary fourth quarter results, noting a negligible downtick in revenue guidance due to November weakness, but reiterated its EBITDA expectation for the quarter. The 2026 outlook was in line with expectations.
- The company underwent a reorganization for 2026, including exiting the Asia land-based operation and exchanging revenue for management fees in Europe, which will result in a "take give" on revenue but no change in EBITDA. This also preserves the company's tax status.
- In 2025, OneSpaWorld returned $92.9 million to shareholders through $75.4 million in share repurchases and $17.5 million in dividends, while also investing $15 million in early debt paydown. The capital allocation priority is opportunistic stock buybacks, followed by slowly growing dividends, and then further debt reduction.
- The company is expanding its AI and machine learning initiatives, rolling out a revenue enhancement feature to 80 vessels now and targeting 185 vessels by the end of Q2. They are also implementing a dynamic price optimization model for pre-booking and using AI virtual assistants to improve operational efficiency.
- Guest spend is at its highest ever, with pre-booked guests spending 35% or more than non-pre-booked guests. Staff retention has significantly improved to 76% and building, up from less than 30% historically, leading to increased productivity and lower training costs.
Jan 12, 2026, 7:00 PM
OneSpaWorld Reports Record Q3 2025 Results and Raises Full-Year Guidance
ORW
Earnings
Guidance Update
Dividends
- OneSpaWorld reported record third quarter 2025 results, with total revenues increasing 7% to $258.5 million and adjusted EBITDA increasing 6% to $35 million compared to Q3 2024.
- The company raised its full fiscal year 2025 guidance, now projecting total revenue between $960 million and $965 million and adjusted EBITDA between $122 million and $124 million.
- Capital allocation included a 25% increase in the quarterly dividend to $0.05 per share and $17.6 million in share repurchases during Q3 2025, with an additional $15 million post-quarter end.
- Operationally, OneSpaWorld added health and wellness centers to four new ship builds and expanded Medi-Spa services to 150 ships.
- The company is actively deploying AI initiatives, with a revenue optimization project on 40 vessels and an operational efficiency tool on 180 vessels.
Oct 29, 2025, 2:00 PM
OneSpaWorld Reports Record Q3 2025 Results and Raises Full-Year Guidance
ORW
Earnings
Guidance Update
Dividends
Share Buyback
- OneSpaWorld reported record third quarter 2025 results, with total revenues increasing 7% to $258.5 million and adjusted EBITDA increasing 6% to $35 million compared to Q3 2024. Net income for the quarter increased 13% to $24.3 million, resulting in diluted earnings per share of $0.23.
- The company increased its full fiscal year 2025 guidance, now expecting total revenue in the range of $960 million to $965 million (an 8% increase at the midpoint versus fiscal year 2024) and adjusted EBITDA in the range of $122 million to $124 million (a 10% increase at the midpoint versus fiscal year 2024).
- OneSpaWorld's board approved a 25% increase in its quarterly dividend payment to $0.05 per share. During Q3 2025, the company returned $17.6 million to shareholders by repurchasing 816,000 common shares and repaid $11.3 million on its term loan facility.
- The company is leveraging AI initiatives to enhance revenue, create operational efficiencies, and streamline business processes, with machine learning-powered projects being tested on 40 vessels and an automated problem resolution tool deployed across 180 vessels.
Oct 29, 2025, 2:00 PM
Quarterly earnings call transcripts for ORW.
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