OneSpaWorld Approves $0.0625 Per-Share Dividend After Record Results
Key Facts
OneSpaWorld approved a quarterly cash dividend of $0.0625 per share, payable on Dec. 2, 2026, to shareholders of record at the close of business on Nov. 18, according to a company statement cited by Nasdaq. The announcement came alongside record third-quarter results, with revenue rising 7% to $276.5 million from $258.5 million in the same period of 2025. Net income increased 16% to $28.2 million, compared with $24.3 million a year earlier. Adjusted EBITDA rose 12% to $39.2 million from $35.0 million. The company also raised its 2026 fiscal-year revenue and adjusted operating earnings outlook.
Quarterly results exceeded analysts’ estimates, with adjusted earnings of $0.34 per share versus an estimate of $0.31, while revenue was $276.5 million compared with consensus of $272.1 million, according to Investing.com. For the nine months ended Sept. 30, revenue was $785.4 million, up from $718.9 million in the same period of 2025, an annual increase of 9%. Chief Executive Leonard Fluxman said the company delivered its 22nd consecutive record quarter of year-over-year growth in revenue and adjusted EBITDA. He added that the company recorded gains in key operating metrics, including advance bookings at sea, average guest spending, service penetration and reach among guests. He also announced new agreements with Azamara and Silversea to expand long-term partnerships.
The company attributed quarterly revenue growth to a 3.3% increase in average guest spending, fleet expansion as new ships entered service, and an increase in revenue days and guest numbers. Higher guest spending contributed $8.2 million to revenue growth, while fleet expansion added $7.0 million and increased volume and guest numbers added $4.3 million. Revenue days, excluding the effect of fleet expansion, rose 1.8% year over year. The company ended the quarter with wellness centers on 207 ships, compared with 204 ships at the end of the corresponding quarter of 2025. The average number of ships during the quarter was 206, compared with 199 in the year-earlier period.
The company raised its 2026 revenue outlook to a range of $1.033–$1.038 billion, compared with its previous range of $1.018–$1.038 billion, and raised its adjusted EBITDA outlook to $138–$140 million from $130–$140 million. For the fourth quarter, it expects revenue of $248 million to $253 million and adjusted earnings of $32 million to $34 million. Investing.com coverage said the midpoint of the fourth-quarter revenue range is slightly below the consensus estimate of $252.8 million. As part of its capital management, the board approved a new $100 million share repurchase program. The company said it repaid $11.3 million of its term loan facility during the quarter and had total liquidity of $80.9 million on Sept. 30.
The market reacted to the results before trading opened on Oct. 28, and the company’s shares rose more than 11.3% in morning trading, according to Investing.com. The stock closed at $28.07 that day, according to EL7 data. The dividend statement sets Nov. 18, 2026, as the record date for eligible shareholders. The dividend is scheduled to be paid on Dec. 2, 2026. These dates are part of the company’s announcement of its new quarterly cash dividend.