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Sep 30, 2024
Norwegian Cruise Line Q3 2024 Earnings Report
Norwegian Cruise Line Holdings reported strong financial results, surpassing guidance and raising full-year expectations.
Key Takeaways
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.
Third quarter revenue increased by approximately 11% over the prior year, setting a record for quarterly revenue.
The company beat third quarter guidance across all key metrics.
Full year guidance was raised for the fourth time.
Occupancy was 108.1% for the third quarter of 2024, in line with guidance.
Norwegian Cruise Line
Norwegian Cruise Line
Forward Guidance
The Company also provided guidance for the fourth quarter and full year 2024, along with accompanying sensitivities.