Norwegian Cruise Line Q4 2022 Earnings Report

Reported financial results with revenue increase due to the phased ramp up of cruise voyages and provided guidance for the first quarter and full year 2023.

Key Takeaways

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.

Achieved Occupancy of approximately 87% in the fourth quarter, consistent with expectations.

Total revenue per Passenger Cruise Day was up approximately 23% as-reported and approximately 24% in Constant Currency versus 2019.

Generated positive Adjusted Free Cash Flow of approximately $71 million for the fourth quarter of 2022.

Entered the year with a record cumulative booked position of approximately 62% for full year 2023.

Previous year: -$1.95

-46.7%