Overview

* Lindblad Q2 2025 rev rises 23% yr/yr, driven by higher pricing and occupancy

* Net loss improves by $16.1 mln to $9.7 mln, aided by tax credits

* Adjusted EBITDA jumps 139% to $24.8 mln, reflecting strong segment performance

Outlook

* Company expects 2025 tour revenues of $725 - $750 mln

* Lindblad forecasts 2025 adjusted EBITDA of $108 - $115 mln

Result Drivers

* HIGHER PRICING - Lindblad segment tour revenues increased due to higher pricing and occupancy rates

* ADDITIONAL TRIPS - Land Experiences segment revenue growth driven by operating additional trips and higher pricing

* TAX CREDITS - Net loss improvement aided by employee retention tax credits

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Tour $167.94

Revenue mln

Q2 Net -$9.70

Income mln

Q2 $24.84

Adjusted mln

EBITDA

Q2 $4.41

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the hotels, motels & cruise lines peer group is "buy"

* Wall Street's median 12-month price target for Lindblad Expeditions Holdings Inc ( LIND ) is $16.00, about 26.7% above its August 1 closing price of $11.73

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)