Royal Caribbean is anticipating a strong year in 2025, with a projected near 23% increase in adjusted earnings. The company’s shares surged by 12% in early trading following the announcement of full-year adjusted earnings forecasted to be between $14.35 and $14.65 per share, exceeding analysts’ estimates. The cruise operator reported a record-breaking start to its “WAVE” season, with bookings on par with previous years despite higher prices. This success is attributed to investments in new mega ships and private destinations.
CEO Jason Liberty highlighted the company’s momentum in 2025, with bookings accelerating and achieving the best five booking weeks in Royal Caribbean’s history. Additionally, the company announced plans to launch Celebrity River Cruises, expanding its offerings with an initial order of 10 ships set to sail in 2027. This move impacted industry leader Viking Holdings, whose shares declined by 3% in response to the news.
In the fourth quarter, Royal Caribbean reported a 13% increase in revenue to $3.76 billion, slightly below analysts’ expectations. However, the company exceeded earnings estimates at $1.63 per share. Net cruise costs, excluding fuel, rose by 13.4%, compared to a 6.2% increase the previous year. These positive financial results reflect Royal Caribbean’s continued growth and success in the cruise industry.
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