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High materiality8/10

Lindblad Expeditons Q3 2026: Revenue, EBITDA Rise on Acquisitions and Record Occupancy

Nov 3, 2026, 7:36 AM EST1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Strong Q3 metrics (revenue, EBITDA), higher occupancy, and two strategic acquisitions suggest durable revenue growth and margin expansion. The stock repurchase plan adds a clean capital-allocation signal. Historical peers often re-rate on similar combos of earnings strength and strategic buys, though travel industry risks remain.

AI summary

What happened, with direct paths to the underlying reporting

Lindblad Expeditions reported Q3 2026 revenue of $269.2M, up 12%, with Adjusted EBITDA of $64.1M, also up 12%. Occupancy reached 91% and net yield per guest night rose to $1,398. The company also completed majority acquisitions of White Desert and Echo Charlie, expanding growth avenues and maintaining 2026 guidance.

Q3 2026 revenue $269.2M, up 12%.
Net income $24.2M; Adjusted EBITDA $64.1M, up 12%.
Acquired majority in White Desert and Echo Charlie.
Occupancy 91%; net yield $1,398 per guest night.

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