The earnings call reflects a positive outlook with record-breaking performance, strategic expansions, and strong future bookings. Despite some financial headwinds related to stock compensation and fuel costs, the overall sentiment is optimistic.

Company Guidance

During the Royal Caribbean Group's earnings call, the company reported significant achievements for the fiscal year 2024, including delivering 8.6 million vacations with an 11.6% net yield growth and generating over $5 billion in operating cash flow. They successfully returned their balance sheet to investment-grade metrics and achieved their Trifecta financial goals 18 months ahead of schedule. The company also met its carbon intensity reduction target a full year early. Looking ahead, Royal Caribbean expects a 5.4% capacity growth in 2025, driven by new ship introductions, and anticipates a yield growth of 2.5% to 4.5%. They project adjusted earnings per share of $14.35 to $14.65, despite facing $0.65 in headwinds from foreign exchange and fuel rates. The company remains focused on moderate capacity growth, yield growth, and strong cost control to drive superior financial performance. Additionally, they announced the launch of Celebrity River Cruises, with an initial order for 10 ships expected to start operations in 2027, as part of their strategy to expand into the river cruise market.

Record Vacations and High Customer Satisfaction

Royal Caribbean delivered a record 8.6 million vacations in 2024 with high customer satisfaction scores.

Strong Financial Performance

Achieved 11.6% net yield growth, over $5 billion in operating cash flow, and returned the balance sheet to investment-grade metrics.

Meeting Environmental Targets

Met double-digit carbon intensity reduction target a full year ahead of schedule.

New Initiatives and Expansion

Announced Celebrity River Cruises set to begin in 2027 with an initial order for 10 ships, reflecting a strategic move into the river cruising market.

Strong Start to 2025

Bookings have accelerated, resulting in the best five booking weeks in the company's history.

2025 Financial Outlook

Anticipated 23% earnings growth in 2025 with capacity expected to grow by 5%.

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Royal Caribbean (RCL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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RCL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 24, 2025	2025 (Q1)	2.52 / -	1.77	―	―	―
Jan 28, 2025	2024 (Q4)	1.50 / 1.63	1.25	30.40% (+0.38)
Oct 29, 2024	2024 (Q3)	5.04 / 5.20	3.85	35.06% (+1.35)
Jul 25, 2024	2024 (Q2)	2.76 / 3.21	1.82	76.37% (+1.39)
Apr 25, 2024	2024 (Q1)	1.33 / 1.77	-0.23	869.57% (+2.00)
Feb 01, 2024	2023 (Q4)	1.14 / 1.25	-1.12	211.61% (+2.37)
Oct 26, 2023	2023 (Q3)	3.46 / 3.85	0.26	1380.77% (+3.59)
Jul 27, 2023	2023 (Q2)	1.57 / 1.82	-2.08	187.50% (+3.90)
May 04, 2023	2023 (Q1)	-0.69 / -0.23	-4.57	94.97% (+4.34)
Feb 07, 2023	2022 (Q4)	-1.33 / -1.12	-4.78	76.57% (+3.66)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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RCL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 28, 2025	$236.82	$265.25	+12.00%
Oct 29, 2024	$203.05	$209.61	+3.23%
Jul 25, 2024	$163.75	$151.31	-7.60%
Apr 25, 2024	$136.10	$136.83	+0.54%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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