Cruise and expeditions organizer Lindblad's Q3 revenue beats estimates

Lindblad's Q3 revenue rose 17% to $240.2 million, surpassing estimates, with adjusted EBITDA increasing 25% to $57.3 million. The company refinanced its long-term debt, reducing the interest rate to 7% and extending maturity to 2030. For 2025, Lindblad anticipates tour revenues between $745 million and $760 million, with adjusted EBITDA projected at $119 million to $123 million. Analysts maintain a "buy" rating on the stock, with a median 12-month price target of $16.50, reflecting a 26.1% upside from its recent closing price of $12.20.