Loading...
•
Jun 30, 2025
Royal Caribbean Q2 2025 Earnings Report
Royal Caribbean posted strong Q2 2025 results, exceeding expectations on EPS and revenue driven by demand and cost efficiencies.
Key Takeaways
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.
EPS of $4.41 and Adjusted EPS of $4.38 exceeded guidance.
Revenue reached $4.5 billion for the quarter.
Net income came in at $1.2 billion, up from $0.9 billion in Q2 2024.
110% occupancy supported by new ships and strong demand.
Revenue by Segment
Forward Guidance
Royal Caribbean raised full-year EPS guidance due to strong Q2 performance, increased demand, and lower costs.
Positive Outlook
- Full-year Adjusted EPS now guided to $15.41 to $15.55.
- Net yields expected to grow 3.5% to 4.0% YoY.
- Bookings remain strong across 2025 and 2026.
- Digital and direct channels continue to outperform.
- High demand for new ships like Star of the Seas and Celebrity Xcel.
Challenges Ahead
- Fuel cost remains a variable with forecasted expense of $1.143 billion for FY25.
- Increased operating costs expected in Q3 due to ship delivery timing.
- NCC excluding fuel expected to rise 6.4% to 6.9% in Q3.
- Ongoing foreign exchange volatility may impact earnings.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...