Royal Caribbean Sails Past Wall Street Expectations, New Launches 'Performing Extremely Well'

The global travel industry is experiencing a resurgence as consumers prioritize memorable experiences over traditional vacations. This shift in consumer behavior is benefiting companies like Royal Caribbean Group (NYSE:RCL), which has adjusted its full-year 2025 earnings guidance upward following a strong second-quarter performance.

Royal Caribbean raised its full-year 2025 earnings guidance Tuesday after posting better-than-expected second-quarter results, driven by strong demand, improved cost management, and upside from its TUI Cruises joint venture.

The cruise operator reported adjusted earnings per share of $4.38, beating the Wall Street estimate of $4.05. Sales rose to $4.538 billion, up 10.4% year over year, topping the $4.536 billion consensus.

Net income for the quarter rose to $1.2 billion, or $4.41 per share, up from $3.11 a year ago. Adjusted EBITDA climbed to $1.9 billion for the quarter, fueled by a load factor of 110%, strong close-in bookings, and robust onboard spending.

“Demand for our portfolio of brands and our industry-leading experiences continues to accelerate,” said Royal Caribbean President and CEO Jason Liberty. “We remain focused on delivering exceptional value not just today but also staying ahead of where demand is going.”

Why Royal Caribbean’s Earnings Guidance ...