Shares of Bowlero Corp. (NYSE: BOWL), one of the world's largest operators of bowling alleys and family entertainment centers, surged nearly 9% in after-hours trading on November 4th following the company's impressive first quarter fiscal 2025 earnings report.
For the quarter ended September 29, 2024, Bowlero posted revenue of $260.2 million, up 14.4% year-over-year and beating Wall Street's expectations of $249.5 million. The company's total location revenue increased 17.5% compared to the prior year period, driven by heightened customer spending on food, beverages, and other experiential offerings.
Bowlero reported net income of $23.1 million, or $0.13 per share, compared to $18.2 million in Q1 2024. Adjusted EBITDA rose 21% to $62.9 million, with margins expanding 130 basis points to 24.2%. The strong profitability metrics reflect Bowlero's focus on operational efficiencies and disciplined expense management.
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