Norwegian Cruise Line Stock Plunges 9% After $2.24B Q4 Revenue Miss and Soft 2026 Outlook
Norwegian Cruise Line generated fourth-quarter revenue of $2.24 billion, missing the $2.35 billion consensus and reporting net income of $14.3 million with adjusted EPS of $0.28. The company forecast full-year 2026 adjusted EPS of $2.38 and first-quarter adjusted EBITDA of $515 million, while projecting a 0.9% rise in net cruise cost per capacity day.
1. Q4 Financial Results
Norwegian Cruise Line reported fourth-quarter revenue of $2.24 billion, missing the $2.35 billion consensus estimate, and recorded net income of $14.3 million along with adjusted earnings per share of $0.28.
2. 2026 Earnings Forecast
The company projected full-year 2026 adjusted earnings per share of $2.38 and first-quarter adjusted EBITDA of $515 million, forecasting a 1.6% decline in net yields for Q1 followed by modest stabilization later in the year.
3. Cost and Capacity Projections
For full-year 2026, adjusted net cruise cost excluding fuel per capacity day is expected to increase 0.9% on a constant-currency basis, while first-quarter costs are projected to decline 0.8%, reflecting ongoing efficiency measures and updated capacity planning.