Royal Caribbean had a great 2025, and its 2026 bookings are off to a record-setting pace.Shares of leading global cruise company Royal Caribbean Group (RCL +17.27%) are up 16% this week as of 2 p.m. ET on Thursday. The world's second-largest cruise provider reported record fourth-quarter earnings, leaving the market to take an optimistic view about the company's future. While Royal Caribbean technically "missed" Wall Street's Q4 earnings expectations, revenue and adjusted earnings per share (EPS) grew by 13 ...

Key Takeaways RCL missed Q4 EPS and revenue estimates, but the stock rose 6.2% premarket on strong 2026 guidance.RCL reported record booking momentum, with about two-thirds of 2026 sailings already booked at higher prices.RCL sees double-digit revenue and earnings growth, supported by new ships and expanded destinations.Royal Caribbean Cruises Ltd. (RCL) reported fourth-quarter 2025 results, with adjusted earnings and revenues missing the Zacks Consensus Estimate. However, the top and bottom lines increased ...

Royal Caribbean forecast annual profit above Wall Street estimates on Thursday, supported by strong demand from affluent travelers and a solid start to a key booking season. ...

Royal Caribbean Cruises (NYSE:RCL) Q4 2025 Earnings call January 29, 2026 10:00 AM ET Company ParticipantsBlake Vanier - VP of Investor RelationsBrandt Montour - Director of Equity ResearchConor Cunningham - DirectorDavid Katz - Managing DirectorJason Liberty - Chairman and CEOMichael Bayley - President and CEONaftali Holtz - CFORobin Farley - Managing DirectorSteve Wieczynski - Managing DirectorConference Call ParticipantsJames Hardiman - Leisure and Travel AnalystLizzie Dove - VP and Equity Research Analy ...

Royal Caribbean Cruises (NYSE:RCL) Q4 2025 Earnings call January 29, 2026 10:00 AM ET Company ParticipantsBlake Vanier - VP of Investor RelationsBrandt Montour - Director of Equity ResearchConor Cunningham - DirectorDavid Katz - Managing DirectorJason Liberty - Chairman and CEOMichael Bayley - President and CEONaftali Holtz - CFORobin Farley - Managing DirectSteven Wieczynski - Managing DirectorConference Call ParticipantsJames Hardiman - Leisure and Travel AnalystLizzie Dove - VP and Equity Research Analys ...

Financial Data and Key Metrics Changes - In 2025, the company achieved nearly $18 billion in total revenue, with a 33% year-over-year earnings growth and a record 9.4 million vacations delivered [4][19] - Adjusted earnings per share (EPS) for the fourth quarter was $2.80, exceeding guidance, while full-year adjusted EPS grew 33% to $15.64 [8][19] - Operating cash flow for the year was approximately $6.5 billion, with $2 billion returned to shareholders through dividends and share buybacks [4][19] Business Line Data and Key Metrics Changes - The fourth quarter saw net yields grow by 2.5% on a constant currency basis, driven by both new and existing hardware [18] - Total revenue growth in the fourth quarter was 13%, with adjusted EBITDA growing by 17.6% to just over $7 billion [18][19] - The company is expanding its Celebrity River Cruises fleet with a commitment for 10 additional ships, increasing the fleet to 20 vessels by 2031 [5][15] Market Data and Key Metrics Changes - The Caribbean represents 57% of the company's capacity, with an 8% growth compared to last year, and Caribbean yields have increased by 35% since 2019 [21] - European capacity is growing by 5% year-over-year, with strong demand from both American and European consumers [22] - Alaska is expected to account for 5% of total capacity, up 3% from last year, with premium hardware deployed in the region [22] Company Strategy and Development Direction - The company is focused on creating a lifetime of vacations for guests by strengthening its ecosystem, which includes differentiated experiences, exclusive destinations, and an industry-leading loyalty program [13][14] - Investments in technology and AI are aimed at enhancing guest experiences and operational efficiency, with a 25% year-over-year increase in active users on the app [15][16] - The launch of the new Discovery Class ships is part of the company's innovation roadmap to enhance guest experiences and maintain leadership in the vacation space [6][53] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 2027 financial targets, with a strong start to 2026 and record booking rates [10][12] - The company anticipates double-digit revenue growth for 2026, with adjusted EPS expected to be in the range of $17.70-$18.10, representing a 14% year-over-year increase [13][25] - Management noted that consumer demand remains strong, with 40% of consumers planning to increase leisure travel spending in the next year [11] Other Important Information - The company is committed to investing $5 billion in strategic growth initiatives while maintaining an investment-grade balance sheet [25][26] - Fuel efficiency is improving, with a projected fuel expense of approximately $1.17 billion for the year, and 60% of fuel consumption is hedged [24] Q&A Session Summary Question: Can you elaborate on the further acceleration and momentum into 2026? - Management noted strong consumer demand and an increase in loyalty program participation, which is driving high-quality demand [30][31] Question: What is the current state of the Caribbean market regarding pricing and capacity? - Management indicated strong demand trends in the Caribbean, with pricing higher than last year, despite concerns about increased capacity [36][39] Question: How does the company view its organic versus inorganic growth? - Management stated that half of the yield growth will come from new hardware, with the other half from like-for-like improvements [42][44] Question: Can you discuss the new Discovery Class ship order? - Management expressed excitement about the Discovery Class ships, indicating they will be a game changer, but provided limited details at this time [51][53] Question: What is the outlook for net cruise costs? - Management expects net cruise costs to follow their established formula, with a focus on maintaining a spread between yield growth and cost growth [54][55]

Q4 2025 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 2026 and beyond; anticipated timing for launch of new ship deliveries and private de ...

皇家加勒比邮轮表示，所谓的"邮轮预订黄金季(waveseason)"(指第一季度邮轮促销高峰期)已"迎来一个 非常强劲的开局"。该公司表示，自"邮轮预订黄金季"开始以来，其经历了公司历史上订舱量最高的七 个星期。目前，约三分之二的2026年邮轮运力已被预订，而且预订价格创下历史新高。该公司首席财务 官纳夫塔利.霍尔茨表示："我们对整个业务组合所展现出的强劲表现感到非常满意，消费者仍在持续优 先选择我们的度假体验。" 皇家加勒比邮轮还宣布与位于法国圣纳泽尔的一家船厂达成协议，建造其"探索级"(Discovery Class)邮 轮。协议包括两艘邮轮的建造订单，并附带再建造四艘邮轮的选择权，首艘邮轮预计将于2029年下水。 此外，该公司旗下的名人邮轮(Celebrity Cruises)业务表示，已承诺订造10艘新船，这将使其河流邮轮船 队在2031年前扩展至20艘。该公司首席执行官杰森.利伯蒂表示："今天的这些公告标志着我们在拓展海 洋和河流度假产品组合方面迈出了令人振奋的一步。" 随着邮轮度假需求持续加速增长，皇家加勒比邮轮(RCL.US)公布了好于预期的2026年业绩指引。财报 显示，皇家加勒比邮轮2025 ...

分组1 - Royal Caribbean reported quarterly earnings of $2.8 per share, slightly missing the Zacks Consensus Estimate of $2.81 per share, but showing an increase from $1.63 per share a year ago, resulting in an earnings surprise of -0.29% [1] - The company posted revenues of $4.26 billion for the quarter ended December 2025, which was below the Zacks Consensus Estimate by 0.24%, and an increase from $3.76 billion year-over-year [2] - Over the last four quarters, Royal Caribbean has surpassed consensus EPS estimates three times, but has not beaten consensus revenue estimates during the same period [2] 分组2 - The stock's immediate price movement will depend on management's commentary during the earnings call, with Royal Caribbean shares up about 4.6% year-to-date compared to the S&P 500's gain of 1.9% [3] - The current consensus EPS estimate for the upcoming quarter is $3.00 on revenues of $4.4 billion, and for the current fiscal year, it is $17.72 on revenues of $19.56 billion [7] - The Leisure and Recreation Services industry, to which Royal Caribbean belongs, is currently ranked in the bottom 25% of over 250 Zacks industries, indicating potential challenges for stock performance [8]

We recently compiled a list of the 20 Most Profitable Stocks of the Last 20 Years. Royal Caribbean Cruises Ltd. stands eleventh among the most profitable stocks on our list. TheFly reported on January 23 that Goldman Sachs raised its price target for RCL to $310 from $275 while keeping a Buy rating. Despite conflicting cruise mood and competitive pressures, the firm outlined projections for 1.5%–3.5% net yield growth and at least $17.50 in EPS for 2026, which is driven by new ships, private destinations, ...