亚太地区最大的泛区域体验平台客路旅行已启动赴美上市征程。 智通财经APP了解到，在7月18日秘密递表之后，客路旅行已于11月10日首次向SEC递交了IPO申请(F-1文件)，其计划 以"KLK"为股票代码在纽约证券交易所挂牌上市，高盛、摩根大通及摩根士丹利为其主承销商。 作为行业内领先的专注于目的地体验的旅游平台，客路旅行先后完成了9轮融资，在2025年2月完成由维恩资本(Vitruvian Partners)领投的1亿美元融资之后，客路旅行的累计融资金额已超10亿美元。 截至IPO前，客路机构股东阵容涵盖多家一线投资机构，其中红杉资本、经纬创投与软银分别持有其约15.5%、12.3%及 11.1%的A类普通股。 在获多家知名投资机构青睐的同时，客路旅行实现了持续高成长。据招股书显示，2022至2024年，客路旅行的收入分别为 1.29亿美元、3.35亿美元、4.17亿美元，年复合增速高达79.72%。而至2025年前9个月，客路旅行的收入同比增长43.5%至 4.07亿美元，继续保持高增长趋势。且公司调整后的EBITDA持续减亏，并在2025年前三季度扭亏为盈录得628万美元。 既有知名投资机构背书，又有亮 ...

亚太地区最大的泛区域体验平台客路旅行已启动赴美上市征程。 智通财经APP了解到，在7月18日秘密递表之后，客路旅行已于11月10日首次向SEC递交了IPO申请(F-1文件)，其计划 以"KLK"为股票代码在纽约证券交易所挂牌上市，高盛、摩根大通及摩根士丹利为其主承销商。 作为行业内领先的专注于目的地体验的旅游平台，客路旅行先后完成了9轮融资，在2025年2月完成由维恩资本(Vitruvian Partners)领投的1亿美元融资之后，客路旅行的累计融资金额已超10亿美元。 截至IPO前，客路机构股东阵容涵盖多家一线投资机构，其中红杉资本、经纬创投与软银分别持有其约15.5%、12.3%及 11.1%的A类普通股。 在获多家知名投资机构青睐的同时，客路旅行实现了持续高成长。据招股书显示，2022至2024年，客路旅行的收入分别为 1.29亿美元、3.35亿美元、4.17亿美元，年复合增速高达79.72%。而至2025年前9个月，客路旅行的收入同比增长43.5%至 4.07亿美元，继续保持高增长趋势。且公司调整后的EBITDA持续减亏，并在2025年前三季度扭亏为盈录得628万美元。 既有知名投资机构背书，又有亮 ...

Core Insights - Viking Holdings (VIK) reported second-quarter 2025 results with earnings of 99 cents per share matching the Zacks Consensus Estimate and revenues of $1.88 billion surpassing the estimate of $1.83 billion, reflecting an 18.5% year-over-year improvement [1][2][8] Financial Performance - Total revenues reached $1.88 billion, exceeding the Zacks Consensus Estimate and showing an 18.5% increase year-over-year, driven by higher Capacity Passenger Cruise Days (PCDs), increased occupancy, and higher revenue per PCD [2][8] - Adjusted EBITDA for the quarter was $632.9 million, representing a 28.5% year-over-year growth, attributed to increased Capacity PCDs, higher occupancy, and revenue per PCD [2][4] - Adjusted gross margin improved by 19.2% compared to the same quarter last year [2][8] Operational Metrics - Capacity PCDs grew by 8.8% year-over-year due to the expansion of the fleet, which included three additional river vessels and one ocean ship [3] - Occupancy rate for the second quarter was reported at 95.6% [3] Management Commentary - Torstein Hagen, CEO of Viking, highlighted the strong results and solid demand for destination-focused travel experiences, noting the successful delivery of two new ships as part of the company's long-term growth strategy [4] Cost Structure - Vessel operating expenses increased by 14.8% year-over-year, with expenses excluding fuel rising by 17.7%, primarily due to fleet expansion [4] Financial Position - As of June 30, 2025, Viking Holdings had $2.6 billion in cash and cash equivalents, along with an undrawn revolver facility of $375 million, while net debt stood at $3.22 billion [5]