Royal Caribbean Logs Higher 1Q Profit, Revenue as Demand Remains Strong

Dow Jones04-30 19:09

By Freddy Sebastian

Royal Caribbean logged a higher profit and revenue in the first quarter as the cruise operator said demand remained strong.

Bookings had moderated in March and early April for the Mediterranean and West Coast of Mexico itineraries due to geopolitical developments but have recovered and are currently running at a higher pace than the same time last year, the company said Thursday.

Royal Caribbean posted net income of $950 million, or $3.48 a share, up from $730 million, or $2.70 a share, in the year prior.

Adjusted earnings were $3.60 a share, compared with analysts' expectations of $3.20 a share, according to FactSet.

Total revenue rose 11% to $4.45 billion from $3.99 billion. Wall Street modeled for $4.46 billion in revenue for the latest period.

"We expect another year of double-digit revenue and earnings growth, driven by consumers' preference for our leading brands and expanding portfolio -- all supported by our strong booked position, leading margin profile, and fortified balance sheet," Chairman and Chief Executive Jason Liberty said.

Royal Caribbean guided for second-quarter net yield growth of 0.9% and adjusted earnings of $3.83 to $3.93 a share.

For the full fiscal 2026, Royal Caribbean forecast net yield growth of 2.3% to 3.3% and adjusted earnings of $17.10 to $17.50 a share. The company said its guidance reflects higher fuel costs and an impact on Middle Eastern itineraries.

Analysts see adjusted earnings of $4.02 a share for the second quarter and $17.09 a share for 2026.

The cruise industry has faced some potential setbacks this year as the conflict in the Middle East led global oil prices to soar, raising costs for Royal Caribbean, Carnival and Norwegian Cruise Lines. Analysts have said consumers grappling with higher gas prices have been less likely to spend on cruise travel.

Write to Freddy Sebastian at freddy.sebastian@wsj.com

(END) Dow Jones Newswires

Royal Caribbean posted net income of $941 million, or $3.48 a share in its latest first quarter. "Royal Caribbean Logs Higher 1Q Profit, Revenue as Demand Remains Strong" at 7:09 a.m. ET provided the incorrect net income figure.

(END) Dow Jones Newswires

April 30, 2026 10:18 ET (14:18 GMT)

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Royal Caribbean Logs Higher 1Q Profit, Revenue as Demand Remains Strong

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