Record-Breaking Revenue and Growth
Lindblad Expeditions reported total revenue of $206 million for Q3 2024, a 17% increase compared to Q3 2023. Third quarter adjusted EBITDA was $45.8 million, a 35% increase year-over-year.
Lindblad Segment Performance
Lindblad segment tour revenue increased by 12% to $121.3 million, driven by a 9% increase in net yield per available guest night and a 1% increase in occupancy.
Land Experiences Segment Growth
Land Experiences tour revenues increased by 26% to $84.7 million, led by additional guests, higher pricing, and the acquisition of Thomson Safaris.
Strong Future Bookings
Bookings for future travel in the Lindblad segment increased by 26% and by 20% in the Land Experiences segment compared to the same period in 2023.
Strategic Agreement with National Geographic and Disney
The long-term agreement with National Geographic and Disney aims to significantly grow the company through at least 2040, with a focus on leveraging brand strength and distribution.