The following is a summary of the Lindblad Expeditions Holdings, Inc. (LIND) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Q2 2024 revenue was $136.5 million, up 9% from Q2 2023.

• Adjusted EBITDA increased by $4.2 million year-over-year to $10.4 million.

• Occupancy increased to 78% from 74% in the previous year, with every percentage point increase in occupancy potentially adding $4 million to $5 million in additional EBITDA annually.

Business Progress:

• Experienced significant growth in bookings for future travel, up 17% from the same period in 2023.

• Launched a major collaboration with National Geographic and Disney, focusing on expanding brand reach and efficiency in marketing.

• Acquired two additional ships for the Galapagos, increasing inventory by 45%, expected to begin operation by late Q1 next year.

• Expanded land experience operations with revenue growth of 16%, and acquired Thomson Safaris, enhancing offerings in Africa.

Opportunities:

• Collaboration with Disney and National Geographic to boost brand reach and operational efficiencies.

• Expanded presence in Galapagos with two new ships increases potential for first-time travelers significantly.

• Strengthening land-based adventure offerings presents a considerable opportunity for growth in diverse geographies.

Risks:

• Instability in mainland Ecuador and Middle East conflicts impacted bookings and necessitated the rerouting of ships, affecting normal operations.

More details: Lindblad Expeditions IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.