Viking Holdings Ltd. (VIK) shares are soaring 5.03% in intraday trading on Wednesday, following the release of its impressive third-quarter financial results. The company's performance exceeded analyst expectations, driving investor enthusiasm and pushing the stock higher.
Viking reported Q3 adjusted earnings of $1.20 per share, surpassing the FactSet analyst consensus estimate of $1.19. This represents a significant 34.83% increase from $0.89 per share in the same period last year. Total revenue for the quarter ended September 30 reached $1.999 billion, beating the analyst forecast of $1.992 billion and marking a 19.06% year-over-year growth from $1.679 billion.
The strong financial performance was underpinned by solid operational metrics. Viking's net yield increased by 7.1% to $617, while adjusted EBITDA rose 26.9% to $703.5 million. The company also reported a robust booking trend, with 96% of its Capacity Passenger Cruise Days sold for the 2025 season and 70% for the 2026 season as of November 2, 2025. Additionally, Viking celebrated surpassing a 100-ship fleet milestone during the quarter, further strengthening its market position in the cruise industry.
Comments