Norwegian Cruise Line ( (NCLH) ) has released its Q3 earnings. Here is a breakdown of the information Norwegian Cruise Line presented to its investors.
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Norwegian Cruise Line Holdings Ltd., a leading global cruise company operating Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises, offers itineraries to approximately 700 destinations worldwide with a fleet of 32 ships and plans for expansion through 2036.
Norwegian Cruise Line Holdings reported robust third-quarter 2024 financial results, achieving record revenue and net income, while surpassing expectations across key metrics. The company also raised its full-year guidance for the fourth time, highlighting strong demand and effective cost management.
The company generated record third-quarter revenue of $2.8 billion, an 11% increase compared to the prior year. GAAP net income rose by 37%, reaching $474.9 million, and Adjusted EBITDA hit a record high of $931.0 million, up 24%. Norwegian Cruise Line Holdings also successfully reduced its net leverage and issued $315 million in senior notes, reflecting its focus on optimizing its capital structure.
The company’s outlook remains positive, with expectations for 2024 to be its best year in terms of revenue, Net Yield growth, and Adjusted EBITDA. The management anticipates continued strong consumer demand for 2025 voyages and remains committed to its financial management strategy to further reduce leverage.
Overall, Norwegian Cruise Line Holdings’ third quarter results demonstrate its ability to capitalize on market opportunities and deliver strong financial performance, positioning the company for continued growth and success in the coming years.
