Strong third-quarter operating figures outpaced market projections, fueled by $2.95 billion in revenue and adjusted earnings of $1.12 per share. Encouraged by these metrics, the cruise operator raised its multi-year outlook to project $2.55 billion in adjusted EBITDA for 2026. Management is now focusing on lifting sub-optimal booking numbers by adding features like a private-island waterpark and launching a fresh marketing campaign. Additionally, a veteran finance chief is handing over the reins to the company's current strategy leader at year-end.
Key points
Demand initiatives including a January marketing platform and a new waterpark at Great St…: Demand initiatives including a January marketing platform and a new waterpark at Great Stirrup Cay aim to lift bookings into an optimal range.
Outgoing Chief Financial Officer Mark Kempa will step down following a career spanning mo…: Outgoing Chief Financial Officer Mark Kempa will step down following a career spanning more than 25 years with the cruise line.
Current Chief Strategy Officer Meghan Montana will officially take over as the company's…: Current Chief Strategy Officer Meghan Montana will officially take over as the company's new chief financial officer starting Jan. 1.
Sources checked by our analysis pipeline: 1
Shares of Norwegian Cruise Line Holdings surged about 13% Thursday after the company posted better-than-expected third-quarter earnings and raised its outlook for the full year.
The cruise line reported third-quarter revenue of $2.95 billion, topping Wall Street expectations of $2.88 billion, according to analyst estimates from LSEG.
Net income for the period was $491 million, or $1.07 per share.
Adjusted earnings before interest, taxes, depreciation and amortization was $937 million, which exceeded Norwegian's previous guidance of $874 million. Adjusted EPS was $1.12, exceeding previous guidance of 90 cents and outpacing analysts' expectations of 94 cents, per LSEG.
Norwegian also raised its full-year guidance, citing its stronger-than-expected third-quarter performance. The company now expects 2026 adjusted EBITDA of $2.55 billion and adjusted EPS of about $1.70.
The report said the company's bookings had "improved modestly" since its last report but remain below its optimal range.
Norwegian said it will emphasize new marketing strategies, including the launch of a new marketing platform in January. It also said it anticipates that enhancements such as a new waterpark at its Great Stirrup Cay private island…
British ministers are injecting substantial taxpayer capital into a joint 10-year, £2.5bn research venture to develop the next-generation UltraFan engine. The intervention aims to counter aggressive foreign competition from nations like Germany and anchor high-value aerospace manufacturing domestically. Success depends on breaking into the narrow-body jet market, a lucrative sector Rolls-Royce has not served for roughly two decades.
Exxon and Chevron have cancelled their planned trips to an oil show in the United Arab Emirates, according to a recent report. The energy companies withdrew from the event due to safety concerns.
Major U.S. energy producers are altering their participation at one of the world's premier petroleum conferences amid evolving travel and operational considerations. The decision curtails direct executive representation from two of the industry's largest players at the key Middle Eastern event. This absence marks a notable withdrawal of top Western corporate presence from the annual international gathering.