Royal Caribbean Posts $17.9B Q4 Revenue, Plans 10 New River Cruise Ships
Royal Caribbean reported Q4 revenue of $17.9 billion and net income of $4.3 billion, delivering 9.4 million vacations with 33% earnings growth and expanded margins. The company committed to add 10 Celebrity River Cruise ships by 2031 and launch a new Discovery Class for smaller vessels.
1. Q4 Financial Performance
Royal Caribbean delivered Q4 revenue of $17.9 billion and net income of $4.3 billion, or $15.61 per share, with adjusted EBITDA of $7.0 billion. The company achieved 9.4 million passenger vacations, 33% earnings growth, wider margins, higher return on invested capital, and reduced leverage.
2. Celebrity River Cruise Expansion
Royal Caribbean will enter the European river cruise market in August 2027 with two initial ships already sold out, and has committed to 10 additional Celebrity River Cruise vessels, growing the fleet to 20 ships by 2031 and offering expanded itineraries and destinations.
3. Discovery Class Ship Launch
The company announced a new Discovery Class for its mainline brand, featuring smaller ships designed to replace older vessels and access ports unreachable by larger ships, enhancing itinerary flexibility and guest experience across its fleet.