Viking Holdings Sees 17.5% Revenue Growth and 43.9% EBITDA Surge
Viking reported adjusted EPS of -$0.11, beating the expected loss by $0.23, on revenue of $1.05 billion, up 17.5% year-on-year. Adjusted EBITDA surged 43.9% to $104.8 million, net yield climbed 9.5% to $596, and 2026 advance bookings reached $6.2 billion.
1. First-Quarter Earnings and Revenue
Viking reported adjusted EPS of -$0.11, beating the expected loss of -$0.34 by $0.23, on quarterly revenue of $1.05 billion which rose 17.5% year-on-year.
2. Operational Performance
Adjusted EBITDA climbed 43.9% to $104.8 million, net yield increased 9.5% to $596 per passenger day, and occupancy remained robust at 94.7%, supported by a 6.6% capacity increase across 92 vessels.
3. Management Succession
Torstein Hagen moved to executive chairman while Leah Talactac was appointed CEO and Linh Banh was named CFO as part of long-term succession planning.
4. Forward Booking Strength
As of May 3, 2026 Viking had sold 92% of 2026 capacity with $6.2 billion in advance bookings and achieved 38% capacity sales for 2027, amounting to $3.4 billion, up 31% year-on-year.