Financial Performance - Total revenue for Q2 2025 reached $1880 million, compared to $1587 million in Q2 2024[28] - Adjusted Gross Margin for Q2 2025 was $1237 million, up from $1038 million in Q2 2024[28] - Net income for Q2 2025 was $439 million, significantly higher than the $160 million reported in Q2 2024[28] - Adjusted EBITDA for Q2 2025 was $633 million, compared to $493 million in Q2 2024[28] - Net Yield was $607 in Q2 2025, compared to $562 in Q2 2024[28] Bookings and Capacity - 2025 Advance Bookings reached $5600 million, showing a 21% growth[41] - 2026 Advance Bookings amounted to $3900 million, reflecting a 13% growth[43] - 96% of 2025 Capacity Passenger Cruise Days (PCD) have been sold[41] - 55% of 2026 Capacity Passenger Cruise Days (PCD) have been sold[43] Fleet and Expansion - The company has 85 River vessels, 12 Ocean ships, and 2 Expedition ships[19] - The company is expanding in destinations like the Nile, Mekong, and Brahmaputra rivers[22]

Financial Highlights - Full year 2024 adjusted gross margin growth was 140% compared to 2023[10] - Full year 2024 adjusted EBITDA growth was 237% compared to 2023[10] - Full year 2024 net leverage was 24x[10] - Full year 2024 ROIC was 408%[10] - Q4 2024 total revenue reached $135 billion compared to $112 billion in Q4 2023[18] - Full year 2024 total revenue reached $5334 billion compared to $4710 billion in 2023[18] - Full year 2024 net income was $153 million, a significant improvement from a loss of $185 billion in 2023[18] Market Position - Viking has over 50% direct bookings[13] - Viking holds 24% of the luxury ocean market share[13] - Viking has 52% of the North American outbound river market share[13] Future Outlook - Advance bookings for 2025 are strong, with $53 billion already booked[26] - Capacity PCD increase of 12% for 2025[26] - 88% of capacity PCDs for 2025 have already been sold[26]