Core Insights - Royal Caribbean Group (RCL) experienced a significant stock increase of over 12%, reaching an all-time high, following the release of better-than-expected earnings and strong future guidance [1][4] Financial Performance - The company reported fourth-quarter earnings per share (EPS) of $2.02, surpassing analyst expectations of $1.50, with revenue rising 13% year-over-year to $3.76 billion, aligning closely with forecasts [2] Demand and Growth Strategy - Royal Caribbean highlighted benefits from higher pricing across all key products and improved onboard revenue, with strong demand reflected in record bookings over a five-week period [3][5] - The company anticipates 23% adjusted earnings growth in 2025, driven by a strategy focused on moderate capacity growth, moderate yield growth, and strong cost discipline [3] - Additionally, Royal Caribbean plans to start taking bookings for new river cruises, set to launch on 10 new ships in 2027 [3][5]

Financial Data and Key Metrics Changes - The company delivered a record 8,600,000 vacations in 2024 with an 11.6% net yield growth and generated over $5 billion in operating cash flow [20][21] - Adjusted earnings per share for Q4 was $1.63, with a 10% year-over-year growth in adjusted EBITDA [40] - The company achieved a 74% year-over-year adjusted EPS growth and ended the year with revenue yields up 7.3% in Q4 [28][40] Business Line Data and Key Metrics Changes - The introduction of new ships like Icon of the Seas and Utopia of the Seas contributed to strong performance across brands, with elevated demand leading to better pricing and onboard spend [28][40] - The Caribbean market represented 57% of deployment, with a 6% increase in capacity over the previous year [45] Market Data and Key Metrics Changes - North America is expected to source about 80% of guests in 2025, with strong demand noted in the Caribbean and Alaska [32][45] - The company is seeing positive consumer sentiment driven by strong labor markets and high wages, leading to increased spending on travel experiences [33][35] Company Strategy and Development Direction - The company plans to expand into river cruising with Celebrity River Cruises starting in 2027, aiming to capture a significant market share in a growing segment [22][23] - The strategy focuses on moderate capacity growth, moderate yield growth, and strong cost control to enhance profitability [21][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong demand for 2025, with bookings accelerating and the best booking weeks in company history [30][31] - The company anticipates 23% earnings growth in 2025, driven by new ship introductions and a focus on enhancing customer experiences [35][47] Other Important Information - The company is committed to maintaining investment-grade balance sheet metrics while investing $5 billion in strategic growth initiatives [48][51] - The introduction of new digital capabilities has improved the customer experience and reduced booking times significantly [29] Q&A Session Summary Question: Yield guidance and comparisons to previous years - Management acknowledged that strong demand in Q4 elevated the base for comparisons, making yield growth guidance more challenging [54][56] Question: River market entry and competitive positioning - Management highlighted the fragmented nature of the river market and the opportunity to elevate the Celebrity brand within this space, focusing on high-quality demand [60][62] Question: Capital expenditure outlook - Management provided insights on the expected capital expenditures for new builds and non-new builds, emphasizing the importance of maintaining a strong balance sheet while investing in growth [76][80] Question: Birthing rights for river cruises - Management confirmed that birthing rights have been secured for river cruises and expressed confidence in the demand for the new offering [90][91]

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Royal Caribbean Cruises delivered exceptional fourth-quarter 2024 earnings, meeting or exceeding expectations in key performance areas.Passenger cruise specialist Royal Caribbean (RCL 9.55%) reported fourth-quarter and full-year 2024 earnings on Tuesday, Jan. 28, that matched or exceeded analyst consensus estimates. The company's performance showcased strong demand and pricing strategies. Adjusted earnings per share (EPS) came in at $1.63, topping the analyst estimate of $1.50. Revenue reached $3.76 billion ...

Q4 2024 EARNINGS CALL FORWARD LOOKING STATEMENTS AND NON-GAAP FINANCIAL INFORMATION Certain statements in this presentation relating to, among other things, our future performance estimates, forecasts and projections constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to: statements regarding revenues, costs and financial results for 2025 and beyond; demand for our brands; expectations on timing and demand for river ...

Royal Caribbean (RCL) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.50 per share. This compares to earnings of $1.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.67%. A quarter ago, it was expected that this cruise operator would post earnings of $5.05 per share when it actually produced earnings of $5.20, delivering a surprise of 2.97%.Over the last four quarters, the com ...

Financial Performance - Royal Caribbean Group reported 2024 Adjusted EPS of $11.80, exceeding guidance due to strong close-in demand and onboard revenue[1][4] - Total revenues for 2024 reached $16.5 billion, with a Net Income of $2.9 billion[4] - The company expects 2025 Adjusted EPS to be between $14.35 and $14.65, reflecting a growth of 23%[1][10] - Fourth quarter 2024 Net Income was $0.6 billion or $2.02 per share, compared to $0.3 billion or $1.06 per share in the prior year[6] - Net income attributable to Royal Caribbean Cruises Ltd. for the year 2024 was $2,877 million, compared to $1,697 million in 2023, reflecting a 69% increase[50] - Net income for 2024 was $2,896 million, compared to $1,704 million in 2023, reflecting a 70% increase[57] - Adjusted net income attributable to Royal Caribbean Cruises Ltd. for Q4 2024 was $445 million, compared to $331 million in Q4 2023, a 34.4% increase[66] - Comprehensive income attributable to Royal Caribbean Cruises Ltd. for the year 2024 was $2,750 million, up from $1,667 million in 2023[50] Revenue and Booking Trends - Total revenues for Q4 2024 reached $3,761 million, a 13% increase from $3,331 million in Q4 2023[50] - Passenger ticket revenues increased to $2,599 million in Q4 2024, up from $2,286 million in Q4 2023, representing a 14% growth[50] - Bookings have accelerated, resulting in the best five booking weeks in the company's history, with load factors at higher rates[9][10] - Total revenues for the year ended December 31, 2024, were $16,484 million, a 18.6% increase from $13,900 million in 2023[61] - The company reported total revenues of $16,484 million for the year ended December 31, 2024, compared to $13,900 million in 2023, a 18.5% increase[65] Cost and Expense Management - Total cruise operating expenses for Q4 2024 were $2,052 million, an increase from $1,890 million in Q4 2023[50] - Marketing, selling, and administrative expenses rose to $674 million in Q4 2024, compared to $503 million in Q4 2023, marking a 34% increase[50] - Fuel expenses for the year 2024 were $1,160 million, slightly up from $1,150 million in 2023[50] - Total cruise operating expenses for Q4 2024 were $2,052 million, compared to $1,890 million in Q4 2023, reflecting a 8.6% increase[63] - Gross cruise costs per APCD for Q4 2024 were $214.33, compared to $200.04 in Q4 2023, indicating a 7.1% increase[63] - Net cruise costs excluding fuel per APCD for Q4 2024 were $138.31, up from $121.97 in Q4 2023, a 13.4% increase[63] Capacity and Operational Metrics - The company anticipates a capacity change of 5.4% for 2025 compared to 2024[22] - In Q4 2024, Royal Caribbean carried 2,159,429 passengers, a 11.3% increase from 1,939,360 in Q4 2023[53] - Passenger cruise days increased to 13,678,795 in Q4 2024, up from 12,605,093 in Q4 2023, representing an 8.5% growth[53] - The average passenger cruise days (APCD) for 2024 was 12,716,724, compared to 11,962,340 in 2023, marking a 6.3% increase[53] - The occupancy rate reached 107.6% in Q4 2024, up from 105.4% in Q4 2023[53] Future Outlook and Investments - The company announced the launch of Celebrity River Cruises, with an initial order for 10 ships expected to sail in 2027[13][14] - Capital expenditures for 2025 are projected to be approximately $5 billion, primarily for new ship orders[21] - Adjusted EBITDA per APCD target is set at a minimum of $100 by the end of 2025, with the company achieving this goal ahead of schedule[40] - Return on Invested Capital (ROIC) is targeted to be 13% or higher by the end of 2025, with current performance indicating progress towards this goal[40] - ROIC for the year ended December 31, 2024, was 16.1%[68] Balance Sheet and Liquidity - As of December 31, 2024, the company's liquidity position was $4.1 billion, including cash and undrawn credit facilities[20] - Cash and cash equivalents decreased to $388 million as of December 31, 2024, down from $497 million in 2023[55] - Total assets increased to $37,070 million in 2024, compared to $35,131 million in 2023, a growth of 5.5%[55] - Long-term debt decreased to $18,473 million in 2024 from $19,732 million in 2023, a reduction of 6.4%[55] - Adjusted EBITDA for the year ended December 31, 2024, reached $5,971 million, compared to $4,544 million in 2023, marking a 31.4% increase[65]

MIAMI, Jan. 28, 2025 /PRNewswire/ -- Celebrity Cruises will usher in a new era in river cruising with Celebrity River Cruises, a premium river cruise vacation that will begin taking bookings this year. The brand has signed an initial order for 10 transformative ships that will take guests to historic cities on the world's most iconic rivers, launching in Europe. Celebrity Cruises will bring the elevated design and sophistication of the Edge Series ocean ships to the river. When you combine that with the bra ...

Stronger than expected close-in demand drives fourth quarter results  WAVE season off to a record start, propelling 2025 momentum Adjusted EPS in 2025 are expected to be $14.35 to $14.65 Expanding vacation offering through the launch of Celebrity River Cruises MIAMI, Jan. 28, 2025 /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL) today reported 2024 Earnings per Share ("EPS") of $10.94 and Adjusted EPS of $11.80. These results were better than the company's guidance due to stronger pricing on close-in deman ...

Royal Caribbean Group (RCL) is scheduled to report fourth-quarter 2024 results on Jan. 28, before the opening bell.In the last reported quarter, adjusted earnings and revenues topped the Zacks Consensus Estimate by 3% and 0.6%, respectively. On a year-over-year basis, both metrics increased 35.1% and 17.5%, respectively.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Notably, the company’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an averag ...