Shares of OneSpaWorld Holdings Limited (OSW) surged 6.36% on October 30, 2024, after the company reported record financial results for the third quarter of fiscal 2024 and raised its full-year guidance.

For the quarter ended September 30, 2024, OneSpaWorld posted total revenue of $241.7 million, a 12% year-over-year increase, surpassing analyst estimates of $239.4 million. The company's adjusted net income climbed 24% to $27.3 million or $0.26 per diluted share, beating consensus forecasts of $0.23 per share.

Fueled by robust demand across its cruise ship and destination resort health and wellness operations, OneSpaWorld reported strong growth in service and product revenues. The company's operating metrics, including ship count, average revenue per ship, and revenue per resort, all showed significant improvements compared to the prior-year quarter.

Based on its exceptional third-quarter performance and positive outlook, OneSpaWorld raised its fiscal 2024 guidance. The company now expects full-year revenue in the range of $888 million to $893 million, up from its previous guidance of $870 million to $890 million. Adjusted EBITDA is projected to be between $110 million and $112 million, an increase from the prior range of $102 million to $108 million.