Royal Caribbean Stock Hits All-Time High on Higher Pricing, Onboard Revenue

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]