La posta Royal Caribbean Group discloses financial results for 2024 apparso per la prima volta su TD (Travel Daily Media) Media giornalieri di viaggio.

Royal Caribbean Group released its 2024 financial results on 28th January, reporting Earnings per Share (EPS) of $10.94 and Adjusted EPS of $11.80 at the end of the year. 

These results were better than the company’s guidance due to stronger pricing on close-in demand and continued strength in onboard revenue, partially offset by higher stock-based compensation expense driven by an increase in the company’s stock price during the fourth quarter. 

The strong demand for the company’s vacation experiences continues to accelerate into 2025 with Adjusted EPS expected to be in the range of $14.35 to $14.65 per share. 

The guidance range includes a headwind of $0.65 related to foreign exchange and fuel rates, compared to the last earnings call. 

Royal Caribbean Group president and chief executive Jason Liberty attributed the company’s excellent performance to its team’s flawless execution which drove elevated demand across brands, along with the early achievement of the Group’s Trifecta goals, and meaningful progress with regard to key priorities.

Liberty said: “2025 is shaping up to be another great year, with expected adjusted earnings growth of 23 percent, as our commercial and vacation experiences flywheel continues to accelerate the growing preference for our leading brands, the most innovative ships and world-class private destinations. We are never satisfied with the status quo, and we are obsessed with delivering the best vacation experiences in the world and driving exceptional shareholder returns.”

How Royal Caribbean fared in 2024

Net Income for the fourth quarter of 2024 was $0.6 billion or $2.02 per share compared to Net Income of $0.3 billion or $1.06 per share for the same period in the prior year. 

Adjusted Net Income was $0.4 billion or $1.63 per share for the fourth quarter of 2024 compared to Adjusted Net Income of $0.3 billion or $1.25 per share for the same period in the prior year.  

The company also reported total revenues of $3.8 billion and Adjusted EBITDA of $1.1 billion.

Gross Margin Yields increased 13.8% as-reported, and Net Yields increased 7.3% in Constant Currency (7.0% as-reported) when compared to the fourth quarter of 2023. 

Load factor for the quarter was 108%, while Net Yield growth exceeded the company’s guidance mainly due to higher pricing across all key products and better onboard revenue.

Gross Cruise Costs per APCD increased 7.2% as-reported, compared to 2023. NCC, excluding Fuel, per APCD increased 13.5% in Constant Currency (13.4% as-reported), when compared to 2023, and includes 340 bps related to higher stock-based compensation expense driven by the increase in stock price, compared to prior guidance.

La posta Royal Caribbean Group discloses financial results for 2024 è apparso per primo Media giornalieri di viaggio.

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