Royal Caribbean Group has published its 2024 financial outcomes on January 28, showcasing earnings per share (EPS) of $10.94 and adjusted EPS of $11.80 at the year’s end.
These results surpassed the company’s expectations, fueled by enhanced pricing due to immediate demand and robust onboard revenue, although partially offset by increased stock-based compensation as the stock price rose in the fourth quarter.
The strong demand for vacation experiences from Royal Caribbean Group is anticipated to continue into 2025, with adjusted EPS forecasts between $14.35 and $14.65.
Liberty emphasized: “2025 is shaping up to be another great year, with expected adjusted earnings growth of 23 percent…”
Financial Overview for 2024:
- Net Income for Q4 2024: $0.6 billion or $2.02 per share, an increase from $0.3 billion or $1.06 per share in Q4 of the previous year.
- Adjusted Net Income for Q4 2024: $0.4 billion or $1.63 per share, likewise higher than $0.3 billion or $1.25 per share from the same quarter last year.
- Total Revenues: $3.8 billion.
- Adjusted EBITDA: $1.1 billion.
- Gross Margin Yields: Up 13.8% as-reported and 7.3% in constant currency.
- Load Factor for the quarter: 108%.
- Gross Cruise Costs per APCD: Increased by 7.2%, with net yield growth being above company forecasts due to better onboard revenues.
Liberty stated, “We are never satisfied with the status quo and aim to provide the best vacation experiences globally while ensuring excellent shareholder returns.”
