Why Is Viking (VIK) Up 13.7% Since Last Earnings Report?

Core Insights - Viking Holdings reported strong Q3 2025 results, with earnings of $1.20 per share exceeding estimates and showing year-over-year improvement [2] - Total revenues reached $1.99 billion, surpassing estimates by 0.1% and increasing by 19.1% year-over-year, driven by higher Capacity Passenger Cruise Days, occupancy, and revenue per PCD [3] - Adjusted EBITDA grew by 26.9% year-over-year to $703.5 million, supported by the same factors contributing to revenue growth [3] Financial Performance - Capacity Passenger Cruise Days increased by 11% year-over-year due to fleet expansion, which included four additional river vessels and two ocean ships [4] - Occupancy for Q3 2025 was reported at 96% [4] - Vessel operating expenses rose by 19.1% year-over-year, with expenses excluding fuel increasing by 21.7% due to fleet size growth [5] Cash Position - As of September 30, 2025, Viking Holdings had $3.03 billion in cash and cash equivalents, up from $2.6 billion in the previous quarter [6] - The company's net debt decreased to $2.75 billion from $3.22 billion in the prior quarter [6] Market Position and Outlook - Viking Holdings has a Zacks Rank of 3 (Hold), indicating an expectation of in-line returns in the coming months [10] - The company has a strong Growth Score of A but is lagging in Momentum and Value Scores, which are C [8] Industry Comparison - Viking operates within the Leisure and Recreation Services industry, where competitor Planet Fitness reported revenues of $330.35 million, reflecting a 13% year-over-year increase [11] - Planet Fitness is expected to post earnings of $0.77 per share for the current quarter, indicating a 10% year-over-year change [12]