Norwegian Cruise Line Earnings Reports

Norwegian Cruise Line Holdings delivered a record Q4 2024 performance, with total revenue reaching $2.1 billion, up 6% YoY. Net income surged to $254.5 million from a loss in Q4 2023, driven by strong onboard spending and cost efficiencies. Adjusted EBITDA grew 30% to $468.2 million, exceeding guidance. The company reported an occupancy rate of 100.8%, indicating strong demand across its fleet.

Norwegian Cruise Line Holdings reported record revenue, net income, and Adjusted EBITDA for Q3 2024, exceeding guidance across all key metrics. Strong demand and cost control led to an increased full-year guidance for the fourth time, projecting 2024 as the best year for revenue, Net Yield growth, and Adjusted EBITDA.

Norwegian Cruise Line Holdings reported strong second-quarter 2024 financial results, with revenue up approximately 8% over the prior year to record levels. The company exceeded its Q2 guidance and raised its full-year guidance for the third time. Occupancy was 105.9% for the second quarter of 2024.

Norwegian Cruise Line Holdings reported strong Q1 2024 results with a 20% increase in revenue year-over-year, driven by record bookings and robust onboard revenue. The company exceeded its Q1 guidance and raised its full-year guidance, reflecting continued strong demand and successful margin enhancement initiatives. Occupancy reached 104.6%, and the company is making progress on deleveraging efforts, reducing Net Leverage by a full turn compared to the end of 2023.

Norwegian Cruise Line Holdings reported a net loss of $(106.5) million for Q4 2023, with an EPS of $(0.25). However, the company's Adjusted EBITDA was approximately $359.6 million, driven by solid revenue performance and lower Adjusted Net Cruise Cost Excluding Fuel. Occupancy reached 99.2% despite cancellations and redirections due to the conflict in Israel and the Red Sea.

Norwegian Cruise Line Holdings reported strong third quarter 2023 financial results, exceeding guidance on key metrics. The company is moderating short-term expectations due to global macroeconomic and geopolitical events but remains encouraged by strong forward bookings and pricing.

Norwegian Cruise Line Holdings reported strong second quarter results for 2023, exceeding guidance on key metrics and leading to an improved full year outlook for Adjusted EBITDA and Adjusted EPS. Occupancy reached approximately 105%, and total revenue was up 33% compared to 2019. The company's advance ticket sales balance reached a record $3.5 billion.

Norwegian Cruise Line Holdings reported a revenue increase to $1.8 billion in Q1 2023, compared to $521.9 million in Q1 2022. The company's GAAP net loss was $(159.3) million, or EPS of $(0.38), an improvement from the prior year's net loss of $(982.7) million, or EPS of $(2.35). Adjusted Net Loss was $(127.7) million, or Adjusted EPS of $(0.30). The company achieved an occupancy of approximately 101.5%, exceeding guidance.

Norwegian Cruise Line Holdings reported a GAAP net loss of $(482.5) million, or EPS of $(1.14), and an adjusted net loss of $(439.7) million, or adjusted EPS of $(1.04). Revenue increased to $1.5 billion compared to $487.4 million in Q4 2021. Occupancy reached approximately 87%. The company generated positive Adjusted Free Cash Flow of approximately $71 million.

Norwegian Cruise Line Holdings reported a revenue increase to $1.6 billion compared to $153.1 million in 2021. The company achieved positive Adjusted EBITDA of approximately $28 million. Occupancy reached approximately 82%, a 17-point improvement. The company anticipates positive Adjusted Free Cash Flow for Q4 2022.

Norwegian Cruise Line Holdings reported strong consumer demand, record pricing, and accelerating booking volumes for 2023 and beyond. The company generated positive operating cash flow and expects to reach slightly positive Adjusted EBITDA in the second half of 2022. Occupancy reached 65% in the second quarter, with numerous voyages exceeding 100%.

Norwegian Cruise Line Holdings reported its Q1 2022 financial results, marking the completion of its fleet relaunch on May 7, 2022. The company's entire 28-ship fleet is now back in operation. Occupancy in the first quarter of 2022 was 48%. The Company reached a significant financial inflection point in March with Operating Cash Flow turning slightly positive.

Norwegian Cruise Line Holdings reported their Q4 2021 financial results, revealing that approximately 70% of their capacity was operating by year-end across their three brands. Despite operational challenges caused by the Delta and Omicron COVID surges, the company's booked position and pricing remain strong, especially for the second half of 2022 and into 2023.

Norwegian Cruise Line Holdings reported increased revenue to $153.1 million compared to $6.5 million in 2020 as cruise voyages resumed in the quarter. The company had approximately 40% of its capacity operating by the end of the third quarter 2021 with the fleet in service being cash flow positive in the quarter. Occupancy in the third quarter 2021 was 57.4%, reflecting the Company’s self-imposed occupancy limits.

Norwegian Cruise Line Holdings reported financial results for Q2 2021. Voyages were suspended for the entire quarter, but the company commenced its relaunch with Norwegian Jade sailing the Greek Isles and Norwegian Encore setting sail to Alaska from Seattle. Bookings continue to be strong for future periods, and 2022 booking and pricing trends are positive.

Norwegian Cruise Line Holdings reported a GAAP net loss of $(1.4) billion or EPS of $(4.16). Revenue decreased to $3.1 million due to the complete suspension of voyages in the quarter. As of March 31, 2021, the Company’s cash and cash equivalents was $3.5 billion.

Norwegian Cruise Line Holdings reported a GAAP net loss of $738.9 million for the fourth quarter of 2020, with revenue declining to $9.6 million due to the complete suspension of voyages. The company's cash and cash equivalents were $3.3 billion as of December 31, 2020, and the average monthly cash burn for the quarter was approximately $190 million.

Norwegian Cruise Line Holdings reported a decrease in revenue to $6.5 million compared to $1.9 billion in 2019 due to the complete suspension of voyages in the quarter. The company's GAAP net loss was $(677.4) million, or EPS of $(2.50), compared to $450.6 million, or $2.09 in the prior year. The Adjusted Net Income (Loss) was $(638.7) million or Adjusted EPS of $(2.35).

Norwegian Cruise Line Holdings reported a decrease in revenue to $16.9 million compared to $1.7 billion in 2019 due to the complete suspension of voyages in the quarter. The company's GAAP net loss was $(715.2) million, or EPS of $(2.99), compared to $240.2 million, or $1.11 in the prior year.

Norwegian Cruise Line Holdings reported a decrease in revenue and a net loss for the first quarter of 2020, primarily due to the impact of the COVID-19 pandemic and a non-cash impairment loss. The company has taken decisive action to strengthen its financial position, including a successful capital raise, to withstand the suspension of voyages.

Norwegian Cruise Line Holdings reported a 7.2% increase in revenue to $1.5 billion for Q4 2019, driven by the repositioning of Norwegian Joy, the addition of Norwegian Encore, strong onboard spending, and organic pricing growth. GAAP net income was $121.3 million, or $0.56 EPS, while adjusted net income was $155.7 million, or $0.73 adjusted EPS. The results include a $0.09 per share adverse impact from voyage cancellations, itinerary modifications, and relief efforts related to Hurricane Dorian.