Overview
- Adjusted EPS came in at $5.75 with net income of $1.6 billion and adjusted EBITDA of $2.3 billion, topping profit expectations.
- Revenue reached about $5.14 billion, missing estimates by roughly $30 million, with weather and the extended Labadee closure cited as headwinds.
- Demand indicators remained strong as load factor hit 112% and net yields rose 2.8% year over year.
- Operating costs increased, with gross cruise costs per APCD up 2.7% and net cruise costs excluding fuel up 4.8% as reported.
- Guidance was lifted to $15.58–$15.63 adjusted EPS for 2025 and Q4 EPS was guided to $2.74–$2.79; the board raised the dividend 33% to $1.00 and the company repurchased about 1.3 million shares as the stock fell roughly 7–10% after the release.