Norwegian Cruise’s Profit Falls 53%, Guides 8% EBITDA Growth with Disney Bid Talk
Norwegian Cruise Line saw net income plunge 53% to $423M in 2025, with Q4 earnings plunging 94% to $14.2M as revenue rose 3.4% to $9.8B. New CEO targets 2026 adjusted EBITDA of $2.95B (+8%) and faces Disney acquisition speculation valuing the company at $11B.
1. 2025 Earnings Collapse
Norwegian Cruise Line’s net income fell 53% to $423M for the full year 2025 while total revenues rose 3.4% to $9.8B, reflecting weaker cruise yields and higher operating costs.
2. Q4 Performance Details
In the fourth quarter, net income collapsed 94% to $14.2M, with revenues climbing 4.8% to $2.2B as demand rebounded but margin pressures intensified.
3. 2026 Financial Outlook
Leadership projects adjusted EBITDA of $2.95B for 2026, an 8% increase over 2025, and expects first-quarter adjusted EBITDA of $515M with a 29% operational margin.
4. Disney Acquisition Speculation
Market commentary highlights an $11B valuation and suggests a possible sale to Disney, potentially leveraging Norwegian’s fleet for accelerated cruise expansion.