Royal Caribbean Cruises (NYSE:RCL) Reports 2024 Results and Issues 2025 Guidance

Royal Caribbean Group, a prominent cruise company, recently disclosed its 2024 earnings, highlighting an Earnings per Share (“EPS”) of $10.94 and an Adjusted EPS of $11.80, surpassing the company’s own projections. This overachievement was attributed to robust demand and revenue growth, offsetting increased stock-based compensation expenses driven by rising stock prices.

Looking ahead to 2025, the Group projects Adjusted EPS between $14.35 and $14.65, indicating a solid 23% growth trajectory. Jason Liberty, President and CEO of Royal Caribbean Group, expressed confidence in the promising outlook, emphasizing the brand’s commitment to superior vacation experiences and shareholder value.

Key financial highlights for the full year 2024 included Gross Margin Yields and Net Yields growth, reaching 23.8% and 11.6% in Constant Currency, respectively. Total revenues stood at $16.5 billion, with Net Income at $2.9 billion and Adjusted Net Income at $3.2 billion. Adjusted EBITDA was recorded at $6.0 billion.

For 2025, the Group anticipates an increase in Net Yields between 2.5% and 4.5% in Constant Currency, with Adjusted EPS projected to grow substantially. The company also reported strong performance in the fourth quarter of 2024, with Net Income reaching $0.6 billion, reflecting increased revenue and onboard sales.

Royal Caribbean remains optimistic about its booking trends with strong close-in demand, setting records for the best five booking weeks in the company’s history. The cruise giant’s current focus is on enhancing its yield profile for optimal financial returns in 2025.

In an exciting development, Royal Caribbean Group initiated a River Cruises venture through its Celebrity Cruises brand, targeting enriching travel experiences. This move aligns with the company’s objective to cater to evolving guest preferences and capture a larger market share.

The financials detailing fuel expenses were also unveiled, indicating proactive hedging strategies for future years. The company’s liquidity position, as of December 31, 2024, stood at $4.1 billion, maintaining a solid financial standing.

Moreover, Royal Caribbean Group provided insights into its capital expenditures and capacity guidance, outlining plans for new ship acquisitions and developments in private destinations.

In the wake of these financial disclosures, the market eagerly awaits further details during the scheduled conference call to gain deeper insights into the company’s strategic vision and future growth prospects.

For additional information, please refer to Royal Caribbean Group’s official investor relations website.

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Investor Relations
Email: [email protected]’s website.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Royal Caribbean Cruises’s 8K filing here.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.