Royal Caribbean Cruises Ltd (doing business as Royal Caribbean Group)

Latest Results (17.03.2025):

2024 Financial Performance

Royal Caribbean Cruises Ltd (doing business as Royal Caribbean Group) reported strong financial results for the full year 2024, with total revenues reaching $16.5 billion. The company achieved a Net Income of $2.9 billion, translating to Earnings per Share (EPS) of $10.94. Adjusted Net Income was higher at $3.2 billion, or $11.80 per share, reflecting better-than-expected pricing and onboard revenue.

Fourth Quarter 2024 Highlights

In the fourth quarter of 2024, Royal Caribbean Group reported a Net Income of $0.6 billion, or $2.02 per share, compared to $0.3 billion, or $1.06 per share, in the same period of the previous year. The company also achieved total revenues of $3.8 billion and an Adjusted EBITDA of $1.1 billion, with Net Yields increasing by 7.3% in Constant Currency.

2025 Earnings Outlook

Looking ahead to 2025, Royal Caribbean Group expects Adjusted EPS to be in the range of $14.35 to $14.65, indicating a 23% growth in adjusted earnings. The company anticipates Net Yields to increase by 2.5% to 4.5% in Constant Currency, driven by strong demand and higher pricing. The guidance includes a $0.65 headwind related to foreign exchange and fuel rates.

Record Bookings and Demand

Royal Caribbean Group has experienced a record start to the WAVE season, with bookings accelerating and reaching the best five-week period in the company's history. The strong demand and pricing environment have resulted in booked load factors in line with prior years, at higher rates. This robust booking trend is expected to support the company's financial performance in 2025.

Launch of Celebrity River Cruises

In a strategic move to expand its vacation offerings, Royal Caribbean Group announced the launch of Celebrity River Cruises. This new premium river cruise line will begin taking bookings in 2025, with plans to sail in 2027. The company has committed to an initial order of 10 transformative ships, aiming to capture a greater share of the global vacation market by offering intimate and culturally enriching travel experiences.