Royal Caribbean beats profit expectations on strong booking volumes
RCL•Royal Caribbean reported third-quarter revenue of $5.59 billion and adjusted earnings of $6.57 per share, above the $6.38 analyst consensus. It raised its 2026 adjusted EPS outlook to $17.85-$17.95, and shares rose about 5% in premarket trading.
1. Quarterly results
Royal Caribbean’s third-quarter revenue rose 9% year over year to $5.59 billion. Adjusted EPS was $6.57, beating the $6.38 analyst consensus; reported EPS was $6.45.
2. Raised outlook
The company raised its 2026 adjusted EPS guidance to $17.85-$17.95 and expects fourth-quarter adjusted EPS of $3.48-$3.58. It forecasts 2026 revenue growth of 9% and net yield growth of about 2.7%.
3. Demand and costs
Royal Caribbean said stronger-than-expected close-in demand in Europe and the Caribbean lifted net yield growth above guidance. Booking volumes increased in the mid-teens since its last earnings call, with 2027 sailings up in the high teens; lower net cruise costs excluding fuel reflected expenses shifting into the fourth quarter.
