Overview
- Viking, which reported results Thursday, posted an adjusted loss of $0.11 per share on $1.05 billion in revenue, beating expectations as adjusted EBITDA rose 43.9% to $104.8 million.
- The board named Leah Talactac chief executive, moved founder Torstein Hagen to executive chairman, and promoted Linh Banh to chief financial officer under a planned succession.
- Forward demand stayed firm, with the 2026 season 92% sold and 2027 at 38%, while net yield rose 9.5% and occupancy held near 95%.
- Viking ended March with $4 billion in cash and a $1 billion unused credit line, backing fleet growth to 92 vessels from 80 a year earlier and projects including China itineraries and a hydrogen-powered ship.
- Following Thursday’s rally to new highs, shares slipped Friday to $84.36, down 2.7%, as Morgan Stanley cut its rating to Equal-Weight and raised its target to $86 and Mizuho kept Underperform and lifted its target to $75.