Norwegian Cruise Line (NYSE:NCLH) posted stronger-than-expected fourth-quarter earnings, as higher onboard spending fueled a jump in net yield.
The cruise operator reported adjusted earnings per share of $0.26, more than double the $0.11 analysts had forecast. Revenue for the quarter reached $2.1 billion, aligning with expectations. The company’s net yield—a key measure of profitability—jumped 9% year-over-year, beating prior guidance by 210 basis points, thanks to robust guest spending on board.
The company highlighted 2024 as a year of strategic transformation, with record-breaking revenue, strong net yield growth, and a rise in adjusted EBITDA.
For the full year 2025, Norwegian Cruise Line anticipates adjusted earnings per share of $2.05, slightly below Wall Street’s estimate of $2.09. The company projects adjusted net income of approximately $1.07 billion and an 11% rise in adjusted EBITDA to $2.72 billion. Norwegian expects net yield to grow 3% on a constant currency basis, a more moderate pace compared to last year’s surge.
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