Royal Caribbean Earnings Reports

Royal Caribbean delivered outstanding Q3 2025 results with $1.58B in net income and exceeded expectations on strong close-in demand and cost management.

Royal Caribbean delivered a robust performance in Q2 2025, beating its own guidance on EPS due to strong close-in demand, cost timing benefits, and contribution from TUI Cruises.

Royal Caribbean Group delivered a strong Q1 2025 with higher-than-expected earnings, driven by robust pricing and operational efficiencies, leading to increased full-year EPS guidance.

Royal Caribbean Group reported Net Income of $0.6 billion, or $2.02 per share, and Adjusted Net Income of $0.4 billion, or $1.63 per share, on total revenues of $3.8 billion. The load factor for the quarter was 108%. The company is optimistic about 2025, with Adjusted EPS expected to be in the range of $14.35 to $14.65.

Royal Caribbean Group reported a strong third quarter with Earnings per Share (EPS) of $4.21 and Adjusted EPS of $5.20, exceeding expectations due to strong pricing, onboard revenue, and lower costs. The company is raising its full year 2024 Adjusted EPS guidance to $11.57 - $11.62.

Royal Caribbean Group reported a strong second quarter in 2024, with earnings per share (EPS) of $3.11 and adjusted EPS of $3.21, surpassing the company's guidance. This performance was driven by robust demand, higher pricing, and strong onboard revenue. As a result, the company is increasing its full-year 2024 adjusted EPS guidance to $11.35 - $11.45, representing a 68% year-over-year growth. Additionally, the board of directors has declared a quarterly dividend of $0.40 per share.

Royal Caribbean Group reported a strong first quarter, exceeding guidance with an EPS of $1.35 and an adjusted EPS of $1.77. The company is increasing its full-year adjusted EPS guidance to $10.70 - $10.90 due to continued strong demand and a record WAVE season.

Royal Caribbean Group reported strong Q4 2023 results, with net income of $0.3 billion, or $1.06 per share, and adjusted net income of $0.3 billion, or $1.25 per share. Total revenues reached $3.3 billion, and adjusted EBITDA was $1.0 billion. The company is optimistic about 2024, expecting record earnings.

Royal Caribbean Group reported a strong third quarter with Earnings per Share (EPS) of $3.65 and Adjusted EPS of $3.85, exceeding expectations due to high demand and onboard revenue. The company is increasing its full year 2023 Adjusted EPS guidance to $6.58 – $6.63. Bookings remain strong and significantly exceed 2019 levels.

Royal Caribbean Group reported a strong second quarter with Earnings per Share of $1.70 and Adjusted Earnings per Share of $1.82, exceeding guidance due to strong pricing and onboard revenue. The company is increasing its 2023 Adjusted Earnings per Share guidance by 33% to $6.00 – $6.20.

Royal Caribbean Group reported a first quarter Loss per Share of $(0.19) and Adjusted Loss per Share of $(0.23), which was significantly better than the company's guidance. The company is increasing its 2023 Adjusted Earnings per Share guidance to $4.40 – $4.80 due to a record-breaking WAVE season and accelerating demand.

Royal Caribbean Group reported a net loss of $(500.2) million for Q4 2022, with an adjusted net loss of $(284.9) million. Total revenues for the quarter were $2.6 billion. Load factors were in line with guidance at 95%, with Caribbean sailings reaching 100%. The company is experiencing a record-breaking WAVE season, with booking volumes significantly higher than in 2019.

Royal Caribbean Group reported a net income of $33.0 million and adjusted earnings per share of $0.26 for Q3 2022. The results were better than expected, driven by strong demand, improved onboard revenue, and better cost performance. The company introduced the Trifecta Program, a three-year initiative to drive superior performance.

Royal Caribbean Group reported a net loss of $(0.5) billion for Q2 2022, but results were ahead of expectations due to strong demand, improved onboard revenue, and better cost performance. The company's entire global fleet returned to operations, and operating cash flow and EBITDA were positive for the quarter.

Royal Caribbean Group reported a net loss of $1.2 billion for Q1 2022, but is making strides in its recovery with improved load factors and operating cash flow approaching breakeven in March. Booking volumes have exceeded 2019 levels since the beginning of March, and the company expects a return to net profit in the second half of the year.

Royal Caribbean Group reported a US GAAP Net Loss of $(1.4) billion or $(5.33) per share for the fourth quarter of 2021. The company is thoughtfully ramping up the fleet and load factors while emphasizing industry-leading health and safety standards, world-class guest experiences and financial prudence.

Royal Caribbean Group reported a GAAP Net Loss of $(1.4) billion for Q3 2021. The company is aggressively restarting vessel operations, with two-thirds of the fleet operating. Bookings for 2022 are within historical ranges and at higher prices than 2019. The Group expects to be cash flow positive by spring and profitable for the full year 2022.

Royal Caribbean Group reported a GAAP Net Loss of $(1.3) billion for Q2 2021. The Group is operating 29 ships, representing 42% of capacity and expects to operate 36 ships by the end of August, representing over 60% of its capacity. Customer Deposits have increased $530 million from last quarter to $2.4 billion and ended the quarter with $5.0 billion of liquidity.

Royal Caribbean Group reported a US GAAP Net Loss of $(1.1) billion or $(4.66) per share for the first quarter of 2021. The company's operations were heavily impacted by the COVID-19 pandemic, but they are seeing positive booking activity for the second half of 2021 and the first half of 2022.

Royal Caribbean Group reported a US GAAP Net Loss of $(1.4) billion or $(6.09) per share for the fourth quarter of 2020. The adjusted net loss was $(1.1) billion or $(5.02) per share. The results reflect the severe impact of the COVID-19 pandemic on the company's operations and the cruise industry as a whole.

Royal Caribbean Group reported a US GAAP Net Loss of $(1.3) billion for the third quarter of 2020, compared to a Net Income of $883.2 million in the prior year. The company is focusing on enhancing liquidity and plans to resume cruise operations in a phased manner, starting with cruises from Singapore in December 2020.

Royal Caribbean Group reported a US GAAP Net Loss of $(1.6) billion or $(7.83) per share for the second quarter of 2020, compared to a US GAAP Net Income of $472.8 million or $2.25 per share in the prior year, due to the COVID-19 pandemic which led to the suspension of global cruise operations starting March 13, 2020.

Royal Caribbean Cruises Ltd. reported a US GAAP Net Loss of $(1.4) billion for the first quarter of 2020, compared to a Net Income of $249.7 million in the prior year. The results were significantly impacted by the COVID-19 pandemic, which led to the suspension of global cruise operations and a non-cash asset impairment loss of $1.1 billion. The company has taken actions to enhance liquidity and reduce operating expenses in response to the crisis.

Royal Caribbean Cruises Ltd. reported US GAAP Net Income for the fourth quarter was $273.1 million or $1.30 per share and Adjusted Net Income was $297.4 million or $1.42 per share.