Royal Caribbean Cruises .(US:RCL) Cai Jing Wang·2025-07-31 13:09Core Insights - Royal Caribbean Group reported Q2 2025 earnings per share of $4.41, with adjusted earnings per share at $4.38, exceeding expectations due to strong vacation demand and cost reductions [1] - The company achieved a passenger load factor of 110% and an 11.0% increase in gross margin revenue [1] - Total revenue reached $4.5 billion, with a net profit of $1.2 billion, and adjusted EBITDA of $1.9 billion [1] Financial Performance - Net income grew by 5.2% at constant currency, with a reported growth of 5.3% [1] - Total cruise costs per available passenger cruise day increased by 0.8%, while net cruise costs (excluding fuel) rose by 2.1% at constant currency [1] - The company expects a year-over-year net income growth of 3.5% to 4.0% for the full year 2025 [1] Future Projections - Adjusted earnings per share are projected to increase by approximately 31%, estimated between $15.41 and $15.55 [1] - The growth in net cruise costs (excluding fuel) is anticipated to be 0.3% at constant currency [1]