Financial PerformanceThe company posted quarterly EBITDA 55% ahead of consensus, driven by a 1,300bps year-over-year occupancy gain and year-over-year net yield growth of 25%.
PartnershipThe Disney/NG partnership is expected to pay significant dividends over time, supporting LIND’s thesis that occupancy levels can return to pre-pandemic levels by 2026.
ValuationShares trade at a ~26% discount to the cruise industry peer group, creating an attractive valuation dislocation.