The earnings call presented a positive outlook with strong revenue and booking growth, significant EBITDA increases, and strategic expansion of their fleet and itineraries. However, challenges such as rising vessel expenses, increased SG&A costs, and currency fluctuation impacts were noted.

Company Guidance

During Viking's Second Quarter 2025 Earnings Conference Call, the company provided guidance reflecting strong performance and future growth expectations. In Q2 2025, Viking reported an 8% increase in net yield, combined with an 8.8% capacity growth, resulting in an 18.5% year-over-year revenue increase. The company noted that 96% of the 2025 capacity for its core products is already booked, with a strong start for 2026 bookings where 55% of the capacity is sold at higher rates than the previous year. Viking's fleet expansion included the addition of the Viking Vesta to its ocean fleet and the Viking Amun to its river operations on the Nile. Financially, Viking's adjusted EBITDA for Q2 2025 rose 28.5% year-over-year to $633 million, with net income improving by nearly $280 million. The company also highlighted a $439 million net income for the quarter, a 25.8% increase from 2024, and maintained a favorable net leverage of 2.1x as of June 30, 2025. Viking's strategic focus on destination-centric travel continues to drive strong advanced bookings and capacity expansion, with plans to add new itineraries in India starting in 2027.

Strong Revenue Growth

Net yield increased 8%, and capacity grew by 8.8%, resulting in an 18.5% increase in revenue year-over-year to $1.9 billion.

High Booking Levels

96% of 2025 capacity is already booked, and 55% of 2026 capacity is sold, with advanced bookings showing significant increases compared to previous years.

Fleet and Itinerary Expansion

Expansion with the addition of Viking Vesta and Viking Amun, as well as new itineraries in India starting in 2027, with strong initial demand.

Significant EBITDA Growth

Adjusted EBITDA for the second quarter was $633 million, a 28.5% increase from the previous year.

Solid Financial Position

Total cash and cash equivalents of $2.6 billion and an undrawn revolver facility of $375 million, with a net leverage of 2.1x.

Viking Holdings Ltd (VIK) 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

Daily Earnings Calendar >

VIK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 25, 2025	2025 (Q3)	1.18 / -	0.89	―	―	―
Aug 19, 2025	2025 (Q2)	0.99 / 0.99	0.37	167.57% (+0.62)
May 20, 2025	2025 (Q1)	-0.29 / -0.24	-1.21	80.17% (+0.97)	―
Mar 11, 2025	2024 (Q4)	0.36 / 0.45	0.1	350.00% (+0.35)	―
Nov 19, 2024	2024 (Q3)	0.84 / 0.89	-2.87	131.01% (+3.76)	―
Aug 22, 2024	2024 (Q2)	0.67 / 0.37	0.44	-15.91% (-0.07)	―
May 29, 2024	2024 (Q1)	-0.44 / -1.21	―	―	―

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

VIK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 19, 2025	$60.20	$59.22	-1.63%
May 20, 2025	$47.08	$44.73	-4.99%
Mar 11, 2025	$42.74	$40.15	-6.06%
Nov 19, 2024	$45.39	$45.09	-0.66%

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.

FAQ

When does Viking Holdings Ltd (VIK) report earnings?

Viking Holdings Ltd (VIK) is schdueled to report earning on Nov 25, 2025, Before Open (Confirmed).

What is Viking Holdings Ltd (VIK) earnings time?

Viking Holdings Ltd (VIK) earnings time is at Nov 25, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is VIK EPS forecast?

VIK EPS forecast for the fiscal quarter 2025 (Q3) is 1.18.

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