ROYAL CARIBBEAN GROUP REPORTS THIRD QUARTER RESULTS ABOVE EXPECTATIONS AND RAISES FULL YEAR GUIDANCE
Royal Caribbean beat its own Q3 guidance with Adjusted EPS of $6.57 (vs $5.75 prior year) and raised full-year 2026 Adjusted EPS guidance to $17.85-$17.95. Revenue rose 9% YoY to $5.6 billion with 112% load factor, and 2027 bookings are pacing ahead of historical levels at higher rates, with booking volumes up mid-teens across all major channels.
Key figures
- Eps
- 6.45
- Revenue
- 5591000000
- Guidance
- FY2026 Adjusted EPS $17.85-$17.95 (raised); FY revenue growth ~9%; Q4 Adjusted EPS $3.48-$3.58; Q4 Net Yields +4.4% to +4.9% as-reported; FY Net Yields ~+2.7% as-reported; FY NCC ex-fuel per APCD ~+0.4% as-reported
- Revenue Yoy
- 9%
- Guests
- 2.7 million
- Liquidity
- $7.4 billion
- Net income
- $1.7 billion
- Load factor
- 112%
- Adjusted eps
- 6.57
- Capex fy2026
- $4.6 billion
- Adjusted ebitda
- $2.5 billion
- Perfecta target
- 20% Adjusted EPS CAGR 2024-2027, $20-handle in 2027
- Adjusted net income
- $1.8 billion
- Capacity growth yoy
- 8%
- Bookings 2027 growth
- high teens
- Booking volume growth
- mid-teens
- Net yield growth as reported
- 0.9%
- Ncc ex fuel change as reported
- -1.9%
AI analysis
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