OneSpaWorld Holdings beats Q3 revenue estimates on higher guest spending, raises FY outlook
OSW•OneSpaWorld’s Q3 revenue rose 7% year over year to $276.5 million, beating estimates, while adjusted EPS was $0.34. The company raised its FY 2026 revenue and EBITDA outlook, announced a $100 million share buyback and increased its dividend by 25%.
1. Q3 results
OneSpaWorld Holdings reported Q3 revenue of $276.50 million, up 7% year over year and above the $272.35 million consensus estimate. Adjusted EPS of $0.34 also beat the $0.31 estimate; adjusted EBITDA was $39.20 million versus expectations of $37.18 million.
2. Outlook and returns
The company raised its FY 2026 revenue guidance to $1.033 billion-$1.038 billion and adjusted EBITDA guidance to $138 million-$140 million. It expects Q4 2026 revenue of $248 million-$253 million and adjusted EBITDA of $32 million-$34 million, and announced a $100 million share buyback and a 25% dividend increase.
3. Revenue drivers
OneSpaWorld said higher average guest spending, fleet expansion, increased guest count and higher pre-booked revenue at shipboard health and wellness centers contributed to Q3 growth. Resort closures and a product business reorganization in the UK and Italy offset some maritime revenue gains.
