Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) on Thursday reported mixed results for its second quarter. Strong consumer demand continued to drive performance, largely meeting adjusted earnings expectations. The company also reaffirmed its full-year 2025 financial guidance.
The cruise operator reported record revenue of $2.52 billion for the quarter, a 6% increase year-over-year (YoY), which missed the average analyst estimate of $2.55 billion.
Norwegian Cruise Line Holdings reported GAAP net income of $30 million, or 7 cents per share. After adjusting for non-recurring costs, earnings were 51 cents per share, which is in line with the analyst estimate.
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The company’s second quarter saw a significant rebound from a softer first quarter, which was impacted by increased dry-dock capacity. Net Yield increased 3.1% in constant currency, exceeding guidance of 2.5%.
Adjusted EBITDA for the quarter reached $694 million (+18% YoY), surpassing the company’s guidance of $670 million.
As of June …