Financial Performance Highlights - Q2 2025 Adjusted EBITDA reached $694 million, exceeding guidance of approximately $670 million[7] - Q2 2025 Adjusted EPS was $051, meeting guidance despite an $008 impact from foreign exchange[7] - Net Yield increased by 31% compared to 2024, surpassing guidance by 60 bps[7] - Adjusted Net Cruise Cost Excluding Fuel per Capacity Day was $163, flat compared to 2024 and better than the guidance of $165[7] - The company expects to deliver over $200 million in cumulative total savings by the end of 2025 and is confident in achieving a $300 million+ target through 2026[30] Growth and Capacity - The company anticipates a net capacity growth with a 4% CAGR[22] - The company has 7 new ships on order, representing approximately 31,250 berths[22] - Oceania Cruises has 4 new ships on order, representing approximately 5,560 berths[22] - Regent Seven Seas has 2 new ships on order, representing approximately 1,650 berths[22] Financial Targets and Leverage - The company targets an Adjusted Operational EBITDA Margin of approximately 39% and Adjusted EPS of approximately $245 for 2026[35] - The company aims to reduce Net Leverage to the mid-4x range[35] - Q2 2025 Net Leverage decreased to 53x and is expected to end 2025 at approximately 52x[7,68] Sustainability - The company aims for a 10% reduction in GHG intensity from the 2019 baseline[36] - By the end of 2024, 59% of the company's fleet was equipped with shore power technology[45] - 47% of the company's fleet was tested with biofuel blends, exceeding the 40% goal by 2024[52]

EXHIBIT 99.1 Norwegian Cruise Line Holdings Reports Second Quarter 2025 Financial Results Company delivers record second quarter revenue, meets or exceeds all guidance metrics Reiterates full year 2025 key guidance on strength in consumer demand MIAMI, July 31, 2025 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (together with NCL Corporation Ltd. ("NCLC"), "Norwegian Cruise Line Holdings", "Norwegian", "NCLH" or the "Company") today reported financial results for the second quarter en ...

Core Insights - The company reported record total revenue of $2.5 billion for the second quarter of 2025, a 6% increase compared to the same period in 2024, and reaffirmed its full-year guidance for 2025 [6][7][9] - Strong consumer demand has led to bookings exceeding historical levels, with a notable increase in onboard spending [3][9] - The company is expanding its private island destination, Great Stirrup Cay, with the addition of a new waterpark and other amenities expected to enhance guest experience [3][6][34] Financial Performance - GAAP net income for the second quarter was $30 million, with earnings per share (EPS) of $0.07, reflecting a decline of $133.4 million year-over-year [6][7] - Adjusted EBITDA reached $694 million, an 18% increase from $588 million in 2024, exceeding guidance of $670 million [8][14] - Adjusted EPS was $0.51, in line with guidance, despite a negative impact of $0.08 from foreign exchange losses [8][14] Operational Metrics - Gross margin per Capacity Day increased by 11% on an as-reported basis and 12% on a Constant Currency basis [7] - Net Yield increased approximately 2.7% on an as-reported basis, surpassing the guidance of around 2.5% [7][14] - Occupancy for the second quarter was 103.9%, consistent with guidance, and the advance ticket sales balance reached a record high of $4 billion [9][10] Liquidity and Debt Management - The company successfully upsized its senior secured Revolving Loan Facility from $1.7 billion to approximately $2.5 billion, enhancing its liquidity position [6][12] - Total debt stood at $13.8 billion, with Net Leverage decreasing to 5.3x, down from 5.7x in the previous quarter [10][12] - Liquidity at quarter-end was $2.4 billion, including $184 million in cash and cash equivalents [11][12] Future Outlook - The company reiterated its full-year 2025 guidance, expecting a 2.5% increase in Net Yield and a 0.6% growth in Adjusted Net Cruise Cost excluding Fuel per Capacity Day [14][16] - Full-year Adjusted EBITDA is projected to be approximately $2.72 billion, reflecting an 11% increase compared to 2024 [14][16] - The company remains committed to achieving its 2026 financial targets, including reducing Net Leverage to the mid-4x range [12][14]

Core Insights - Norwegian Cruise Line Holdings Ltd. (NCLH) is set to release its second-quarter 2025 results on July 31, with an expected earnings per share (EPS) of 51 cents, reflecting a 27.5% increase from 40 cents in the same quarter last year [1][3] - The consensus revenue estimate for the second quarter is $2.56 billion, indicating a 7.8% growth year-over-year [3][8] Earnings Estimate Trend - The EPS estimates for the current quarter have remained stable at 51 cents over the past 30 days, with projections for the next quarters being 1.17 for Q3 2025, 2.01 for the current year, and 2.42 for next year [3][4] - The company has a history of earnings surprises, having outperformed the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 34% [4][6] Revenue Drivers - The anticipated revenue growth is attributed to firm pricing discipline, resilient onboard spending, and the full-quarter impact of the newly launched Norwegian Aqua [9][10] - Onboard revenues, including specialty dining and excursions, are expected to rise significantly, with passenger ticket revenues projected to increase by 1.5% to $1.6 billion and onboard revenues expected to grow by 17.9% to $908.7 million [10][11] Margin Considerations - Cost pressures from the launch of Norwegian Aqua and deferred costs from Q1 are expected to impact margin expansion, with adjusted net cruise costs anticipated to rise by approximately 1.4% [15][16] - Despite these pressures, the company expects adjusted EBITDA to be around $670 million for the second quarter [16] Stock Performance and Valuation - NCLH shares have increased by 49% over the past three months, outperforming the Zacks Leisure and Recreation Services industry, which rose by 31.8% [17] - The stock is currently trading at a forward P/E ratio of 10.64X, which is below the industry average of 20.26X, indicating a potential undervaluation [19] Strategic Focus - The company is enhancing its position in the leisure travel market through fleet modernization and improved guest experiences, with a focus on maximizing yield and onboard engagement [21][26] - Ongoing initiatives, such as the "Charting the Course" program, aim to improve cost control and operational efficiency, supporting long-term margin performance [24][26]

Core Insights - Norwegian Cruise Line is enhancing the guest experience at Great Stirrup Cay with new attractions and amenities, including a waterpark and various recreational facilities [2][3][8] Group 1: Waterpark Features - Great Tides Waterpark will feature 19 waterslides, a nearly 800-foot dynamic river, and a 9,000-square-foot splash zone for kids, offering a mix of adrenaline and relaxation [3][6] - The Tidal Tower will include eight waterslides, with the two tallest providing thrilling experiences, and select slides will have conveyor belts for easier access [4] - Cliffside Cove will introduce racer slides and cliff jumps, marking a first in the cruise industry, along with a family slide for simultaneous use by four guests [5] Group 2: Additional Island Enhancements - A new heated pool area, a multi-ship pier, and an island-wide tram service will improve accessibility and comfort for guests [8] - The Great Life Lagoon will feature private cabanas, two swim-up bars, and a vibrant atmosphere with a DJ at the Reef Bar [9] - Horizon Park will offer various recreational activities, including lawn games and a mini-golf course, while Hammock Bay will provide a relaxing environment with over 50 hammocks [10] Group 3: Marketing and Promotions - Norwegian Cruise Line is launching a nationwide sweepstakes from July 29 to August 31, 2025, offering 250 cruises to Great Stirrup Cay [11] - Consumer activations in New York City and Miami will promote the island experience, featuring immersive environments and opportunities to win cruise giveaways [12][14] - The company anticipates welcoming one million guests to Great Stirrup Cay in 2026, with new ships and itineraries planned to meet growing demand [15] Group 4: Special Offers - Norwegian Cruise Line is currently offering up to $1,500 off Caribbean and Bahamas sailings as part of "The Great Life Sale," along with additional benefits for Latitudes Members [16]

Core Insights - Cruise operators are experiencing strong consumer demand, with higher occupancy, onboard spending, and forward bookings, leading to top-line growth for both Carnival Corporation & plc (CCL) and Norwegian Cruise Line Holdings Ltd. (NCLH) [1][2] Summary of Carnival Corporation (CCL) - CCL is enhancing structural momentum through fleet rationalization, capacity reallocation, and margin-focused initiatives, retiring older ships and deploying newer vessels to high-demand regions [3][6] - The company utilizes a multi-brand strategy to target a diverse customer base, allowing for differentiated pricing and itineraries, which supports pricing flexibility and revenue resilience [4] - CCL is improving digital and loyalty infrastructure to enhance commercial efficiency and guest retention, with a new loyalty program expected to launch in 2026 [5] - The company benefits from global scale and centralized sourcing, with a minimal newbuild pipeline through 2029, focusing on higher free cash flow generation [6] - CCL's fiscal 2025 sales and EPS estimates suggest year-over-year increases of 5.8% and 40.9%, respectively, with earnings estimates rising by 8.1% in the past 60 days [11] - CCL's stock has increased by 59% in the past three months, outperforming the industry and S&P 500 [19] - CCL trades at a forward P/E ratio of 13.63X, below the industry average of 20.26X [21] Summary of Norwegian Cruise Line Holdings Ltd. (NCLH) - NCLH focuses on a premium-priced, lower-capacity model targeting affluent guests, with disciplined capacity growth and innovative ship design [7][8] - The company is expanding its Prima-class fleet to enhance onboard experiences, but faces margin pressure from dry dock expenses, inflation, and fuel price volatility [8][10] - NCLH's fiscal 2025 sales and EPS estimates indicate year-over-year increases of 6.2% and 10.4%, but earnings estimates have declined by 1% in the past 60 days [15] - NCLH's stock has risen by 37% in the past three months [19] - NCLH trades at a forward P/E ratio of 10.61X [21] Comparative Analysis - CCL is positioned as a more compelling investment choice due to its broader brand reach, improving operating leverage, and strategic focus on margin enhancement [23][24] - CCL's stronger earnings momentum and upward estimate revisions reinforce its stability compared to NCLH, which faces elevated leverage and ongoing margin pressures [24][26]

Wall Street expects a year-over-year increase in earnings on higher revenues when Norwegian Cruise Line (NCLH) reports results for the quarter ended June 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 31, might help the stock move higher if these key numbers are better than exp ...

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Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a leading global cruise company that operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. With a combined fleet of 34 ships and more than 71,000 berths, NCLH offers itineraries to approximately 700 destinations worldwide. NCLH expects to add 13 additional ships across its three brands through 2036, which will add over 38,400 berths to its fleet. To learn more, visit www.nclhltd.com. Investor Relations and Media Contacts Sarah Inmo ...

Core Viewpoint - The average brokerage recommendation (ABR) for Norwegian Cruise Line (NCLH) is 1.64, indicating a general suggestion to buy the stock, but reliance solely on this metric may not be advisable due to potential biases in brokerage recommendations [2][5][10]. Group 1: Brokerage Recommendations - NCLH has an ABR of 1.64, which is between Strong Buy and Buy, based on recommendations from 22 brokerage firms, with 15 of those being Strong Buy, representing 68.2% of all recommendations [2]. - Despite the positive ABR, studies suggest that brokerage recommendations often do not effectively guide investors toward stocks with the highest potential for price appreciation [5][10]. - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings due to vested interests, leading to a disproportionate number of favorable ratings compared to negative ones [6][10]. Group 2: Zacks Rank vs. ABR - The Zacks Rank, which ranges from 1 (Strong Buy) to 5 (Strong Sell), is a quantitative model based on earnings estimate revisions and is considered a more reliable indicator of near-term stock performance compared to ABR [8][9]. - The Zacks Rank is updated more frequently and reflects changes in earnings estimates promptly, making it a timely tool for predicting future price movements [13]. - For NCLH, the Zacks Consensus Estimate for the current year has decreased by 0.1% to $2.03, indicating growing pessimism among analysts regarding the company's earnings prospects [14]. Group 3: Current Investment Outlook - The recent decline in the consensus estimate and other related factors have resulted in a Zacks Rank of 5 (Strong Sell) for NCLH, suggesting caution despite the Buy-equivalent ABR [15].