Lucky Strike Entertainment Reports 1% Revenue Growth to $339.9 Million in Q3 2025

Lucky Strike Entertainment Corporation reported its financial results for the three and nine months ended March 30, 2025, revealing a total revenue of $339.9 million for the quarter, a slight increase of 1% compared to $337.7 million in the same period last year. For the nine-month period, revenues reached $900.2 million, reflecting a 3% growth from $870.7 million in the prior year. The company attributed this growth primarily to revenues from newly acquired or leased locations, although same-store revenues experienced a decline.

In terms of profitability, the company reported a net income of $13.3 million for the third quarter, down 44% from $23.8 million in the same quarter of the previous year. For the nine-month period, net income was $64.7 million, a significant recovery from a net loss of $21.4 million in the same period last year. The decrease in quarterly net income was influenced by increased interest expenses and a change in the fair value of earnout liabilities, which negatively impacted earnings.

Operationally, Lucky Strike has made significant strides, including the rebranding from Bowlero Corporation to Lucky Strike Entertainment, which took effect in December 2024. The company has also expanded its footprint by opening four new locations and acquiring several entertainment venues, including Boomers Parks and Spectrum Entertainment Complex. Additionally, the company acquired 66 acres of land adjacent to Raging Waves water park for future development. As of March 30, 2025, Lucky Strike operated 348 locations, with a focus on enhancing customer experiences through upscale entertainment offerings.

The company’s financial position showed total assets of $3.2 billion, up from $3.1 billion a year earlier, while total liabilities increased to $3.3 billion from $3.2 billion. The increase in liabilities was primarily due to higher long-term debt, which rose to $1.3 billion from $1.1 billion. The company’s cash and cash equivalents stood at $79.1 million, an increase from $67.0 million at the end of the previous fiscal year. Lucky Strike's employee headcount has also grown, reflecting its expansion efforts.

Looking ahead, Lucky Strike anticipates continued growth driven by strategic acquisitions and the enhancement of its entertainment offerings. The company is focused on leveraging its existing locations and expanding its market share, while also managing costs and optimizing operations to improve profitability. The management remains optimistic about the potential for increased acquisition activity in the upcoming fiscal year, supported by a solid financial foundation and increased liquidity.