Royal Caribbean (RCL) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - Royal Caribbean reported revenue of $5.14 billion for the quarter ended September 2025, reflecting a 5.2% increase year-over-year, with EPS at $5.75 compared to $5.20 in the previous year [1] - The revenue fell slightly short of the Zacks Consensus Estimate of $5.17 billion, resulting in a surprise of -0.54%, while the EPS exceeded expectations by +1.23% [1] Financial Performance Metrics - Available passenger cruise days (APCD) were reported at 13,698.89 days, slightly below the five-analyst average estimate of 13,702.20 days [4] - Net yields were $301.58, compared to the average estimate of $302.77 [4] - The occupancy rate was reported at 112.1%, matching the four-analyst average estimate [4] - Passenger cruise days totaled 15,356.27 days, slightly below the four-analyst average estimate of 15,364.33 days [4] - Net cruise costs excluding fuel per APCD were $123.75, lower than the estimated $125.98 [4] - Net cruise costs per APCD were $145.44, compared to the average estimate of $147.73 [4] - The number of passengers carried was 2.47 million, below the average estimate of 2.56 million [4] - Onboard and other revenues reached $1.5 billion, in line with the average estimate, representing a year-over-year increase of +6.2% [4] - Passenger ticket revenues were $3.64 billion, slightly below the six-analyst average estimate of $3.66 billion, with a year-over-year change of +4.8% [4] Stock Performance - Over the past month, Royal Caribbean's shares have returned -2%, while the Zacks S&P 500 composite increased by +3.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]