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%.
Marketing And Sales StrategyThe combination of LIND’s expanded salesforce, dynamic pricing enhancements, and robust charter/land-based offerings should deliver powerful synergies as the company’s marketing efforts become more integrated with Disney’s vast database of high-income, travel-inclined customers.
Strategic PartnershipsThe 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.