---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-003572"
form_type: "8-K"
ticker: "OSW"
cik: "0001758488"
company_name: "ONESPAWORLD HOLDINGS Ltd"
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T05:13:46.739003+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# OneSpaWorld reports record Q4 revenue $168.9M, Adjusted EBITDA $20.7M; introduces Q1 2023 guidance

## Summary
- Q4 revenue $168.9M (+97% YoY); income from operations $10.7M (vs -$4.0M); Adjusted EBITDA $20.7M (vs $4.8M).
- FY2022 revenue $546.3M (+279% YoY); income from operations $15.1M (vs -$52.1M); Adjusted EBITDA $50.4M (vs -$18.9M).
- Q1 2023 guidance: revenue $170-175M, Adjusted EBITDA $16-18M; FY2023 guidance reiterated: $660-680M revenue, $64-70M Adj. EBITDA.
- Repaid $10M on second lien term loan in Q4, $5M in Feb 2023; $10M remains; total liquidity $53.3M.
- Ended Q4 with 179 cruise ships (177 resumed), 50 destination resorts (48 open); expects 3,663 cruise staff by Q1 2023.

## SEC filing metadata
- accession: 0000950170-23-003572
- form_type: 8-K
- ticker: OSW
- cik: 0001758488
- company_name: ONESPAWORLD HOLDINGS Ltd
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1758488/000095017023003572/0000950170-23-003572-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758488/000095017023003572/osw-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-003572
- JSON: https://secwatch.observer/filing/0000950170-23-003572.json
- Plain text: https://secwatch.observer/filing/0000950170-23-003572.txt

## Key facts
- Earnings Releases
  ONESPAWORLD HOLDINGS Ltd reported the quarter ending March 31, 2023 results: revenue $170 to $175 million. Guidance initiated.
  - Period: the quarter ending March 31, 2023
  - Revenue: $170 to $175 million
  - Guidance: initiated
  - Result: guidance update
  source text: For the quarter ending March 31, 2023, we expect revenue of $170 to $175 million and Adjusted EBITDA of $16 to $18 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758488/000095017023003572/0000950170-23-003572-index.htm
- Earnings Releases
  ONESPAWORLD HOLDINGS Ltd reported the fourth quarter ended December 31, 2022 results: revenue $168.9 million.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $168.9 million
  - Result: reported results
  source text: Total revenues increased 97% to a record $168.9 million compared to $85.7 million in the fourth quarter of 2021;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758488/000095017023003572/0000950170-23-003572-index.htm
- Earnings Releases
  ONESPAWORLD HOLDINGS Ltd reported the fiscal year ending December 31, 2023 results: revenue $660 to $680 million. Guidance reaffirmed.
  - Period: the fiscal year ending December 31, 2023
  - Revenue: $660 to $680 million
  - Guidance: reaffirmed
  - Result: guidance update
  source text: We also reiterate our fiscal 2023 guidance provided on January 9, 2023 expecting total revenues of $660 to $680 million, and Adjusted EBITDA of $64 to $70 million, increases of 23% and 36%, respectively, over fiscal 2022 results at the mid-point of the respective ranges.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758488/000095017023003572/0000950170-23-003572-index.htm
- Earnings Releases
  ONESPAWORLD HOLDINGS Ltd reported the fiscal year ended December 31, 2022 results: revenue $546.3 million.
  - Period: the fiscal year ended December 31, 2022
  - Revenue: $546.3 million
  - Result: reported results
  source text: Total revenues increased 279% to $546.3 million compared to $144.0 million in fiscal year 2021;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758488/000095017023003572/0000950170-23-003572-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.