Royal Caribbean Cruises .(US:RCL)2025-07-29 14:00Q2 2025 Performance - Load Factor reached 110%[7] - Net Yield Growth vs 2024 was 5.2% in constant currency[7] - NCCx Growth vs 2024 was 2.1% in constant currency[7] - Adjusted EBITDA was $1.9 billion, a 19% increase compared to 2024[7] - Adjusted EBITDA Margin was 40.8%[7] - Adjusted Earnings Per Share was $4.38, a 36% increase compared to 2024[7] - Operating Cash Flow was $1.7 billion[7] FY 2025 Guidance - APCDs are projected to be 53.3 million[9] - Net Yield Growth vs 2024 is expected to be between 3.5% and 4.0% in constant currency[9] - NCCx Growth vs 2024 is expected to be approximately 0.3% in constant currency[9] - Adjusted Earnings Per Share is projected to be between $15.41 and $15.55[9] Q3 2025 Guidance - APCDs are projected to be 13.7 million[14] - Net Yield Growth vs 2024 is expected to be between 2.0% and 2.5% in constant currency[14] - NCCx Growth vs 2024 is expected to be between 6.0% and 6.5% in constant currency[14] - Adjusted Earnings Per Share is projected to be between $5.55 and $5.65[14]