Royal Caribbean Group (NYSE: RCL) reported third-quarter adjusted EPS of $5.75, topping estimates of $5.69, while revenue of $5.14 billion missed expectations of $5.17 billion. Shares fell more than 7% intra-day Tuesday following the release.
The company delivered vacations to 2.5 million guests, up 7% year over year, with load factors at 112%, one point higher than a year earlier. Net yields increased 2.8% as reported (2.4% in constant currency) on stronger ticket pricing and onboard spending.
Royal Caribbean raised full-year 2025 adjusted EPS guidance to $15.58-$15.63, implying 32% year-over-year growth but slightly below the $15.69 consensus. The company cited “higher than expected close-in demand and lower costs” for the quarterly outperformance.
Management also unveiled Royal Beach Club Santorini, an exclusive destination slated to open in summer 2026, as the firm expands its land-based portfolio from two to eight locations by 2028.