Lindblad reported Q2 revenue growth of 19% year-over-year, exceeding analyst expectations by $13.3 million.
Lindblad Expeditions posted second-quarter revenue of $199.2 million, up 19% from the same period last year and $13.3 million above estimates. The company attributed the increase to higher tour revenues, which rose by $31.3 million, or 19%, driven by an $18.2 million contribution from expanded operations.
The results surpassed consensus expectations, with GAAP earnings per share of -$0.02 beating estimates by $0.09. Revenue growth of 18.6% year-over-year reflected strong demand for expedition travel, offsetting broader industry challenges.
No immediate market reaction was disclosed in the release.