Core Viewpoint - Royal Caribbean Cruises Ltd. (RCL) is a leading global vacation company with a market cap of $94.9 billion, operating 69 ships across over 1,000 destinations, and is expanding its offerings in private destinations and river cruising [1] Performance Summary - RCL shares have outperformed the broader market over the past 52 weeks, returning 31.6% compared to the S&P 500 Index's 15.6% [2] - Year-to-date, RCL shares are up 24.8%, while the S&P 500 has only risen by 1.7% [2] - RCL has also outpaced the State Street Consumer Discretionary Select Sector SPDR ETF's 4.2% gain over the same period [3] Financial Results - In Q4 2025, RCL reported adjusted EPS of $2.80 and revenue of $4.26 billion, which were weaker than expected; however, shares rose by 18.7% following the announcement [4] - For the full year 2025, RCL achieved adjusted EPS of $15.64 on $17.9 billion in revenue, exceeding guidance due to strong demand and record bookings for 2026 [4] - The company provided an upbeat adjusted EPS guidance for 2026 of $17.70 - $18.10, indicating a 23% CAGR under the Perfecta program [4] Analyst Expectations - Analysts project RCL's adjusted EPS to grow by 15.7% year-over-year to $18.09 for the fiscal year ending December 2026 [5] - RCL has a mixed earnings surprise history, beating consensus estimates in three of the last four quarters [5] - Among 25 analysts covering RCL, the consensus rating is a "Moderate Buy," with 17 "Strong Buy" ratings, one "Moderate Buy," and seven "Holds" [5] Analyst Ratings - On January 30, TD Cowen analyst Kevin Kopelman reiterated a "Buy" rating on RCL with a price target of $350 [6]

Core Viewpoint - Royal Caribbean Group has declared a quarterly dividend of $1.00 per common share and approved a new share repurchase program of up to $2 billion, reflecting its strong financial position and commitment to shareholder value [1][2]. Group 1: Dividend and Share Repurchase - The Board of Directors declared a quarterly dividend of $1.00 per common share, payable on January 14, 2026, to shareholders of record by December 26, 2025 [1]. - The company has completed a prior $1 billion share repurchase program, retiring 3.5 million shares, and has returned $1.9 billion to shareholders through dividends and share repurchases since July 2024 [2]. - A new share repurchase program of up to $2 billion has been approved, reinforcing the company's commitment to long-term shareholder value [2]. Group 2: Company Overview - Royal Caribbean Group is a leader in the vacation industry with a global fleet of 69 ships across five brands, serving millions of guests annually [3]. - The company operates brands such as Royal Caribbean, Celebrity Cruises, and Silversea, and is expanding its land-based vacation experiences [3]. - Royal Caribbean Group also owns 50% of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises, showcasing its diverse portfolio [3].

Group 1 - Royal Caribbean Group has scheduled a conference call for October 28, 2025, at 10:00 a.m. Eastern Time to discuss its third quarter 2025 financial results [1] - The conference call will be available via a simultaneous webcast on the company's investor relations website, rclinvestor.com, with a replay accessible for 30 days post-call [1] Group 2 - Royal Caribbean Group is a leader in the vacation industry, operating a global fleet of 68 ships across five brands and serving millions of guests annually [2] - The company focuses on delivering responsible vacations and has a diverse portfolio that includes Royal Caribbean, Celebrity Cruises, Silversea, and land-based experiences like Perfect Day at CocoCay [2] - Royal Caribbean Group holds a 50% joint venture interest in TUI Cruises, which operates brands such as Mein Shiff and Hapag-Lloyd Cruises [2] - The company is known for its history of innovation in leisure travel, continually introducing new products and guest experiences [2]

Core Points - Royal Caribbean Group declared a quarterly dividend of $0.75 per common share, payable on July 3, 2025, to shareholders of record as of June 4, 2025 [1] Company Overview - Royal Caribbean Group is a leader in the vacation industry with a global fleet of 67 ships across five brands, serving millions of guests annually [2] - The company operates brands including Royal Caribbean, Celebrity Cruises, and Silversea, and is expanding its land-based vacation experiences [2] - Royal Caribbean Group holds a 50% joint venture interest in TUI Cruises, which operates German brands Mein Schiff and Hapag-Lloyd Cruises [2] - The company is known for its history of innovation and commitment to delivering exciting new products and guest experiences in leisure travel [2]