Norwegian Cruise Line(US:NCLH)2025-04-30 11:14Q1 2025 Performance - Net Yield increased by 1.2% compared to 2024, exceeding guidance by 70 bps[8] - Adjusted EPS was $0.07, which includes a negative impact of $0.05 from FX[8] - Adjusted EBITDA was $453 million, surpassing the guidance of approximately $435 million[8] - Adjusted NCC ex Fuel per Capacity Day was $169, a 1.2% increase compared to 2024, excluding an $8 dry-dock impact, and better than the guidance of $171[8] - Net Leverage ended the quarter at 5.7x, aligning with guidance[8] Fleet and Capacity - The company has 20 ships with approximately 60,000 berths, 7 ships on order, and expects ~$10B revenue in 2025[6] - Oceania Cruises has 7 ships with approximately 6,300 berths, 3 ships on order, and expects 3 million guests carried in 2025[6] - There are 6 Regent Seven Seas Cruises ships with approximately 4,100 berths and 2 ships on order[6] - Advanced Ticket Sales balance increased by approximately 3% to $3.9 billion compared to Q1 2024[29] Guidance and Outlook - The company is targeting Q2 2025 Net Yield Growth of approximately 2.5% and FY 2025 Net Yield Growth of approximately 2.0% to 3.0%[26] - Full year 2025 Adjusted EBITDA is guided at approximately $2.72 billion[37] - Full year 2025 Adjusted EPS is guided at approximately $2.05[37]