Norwegian Cruise Line Holdings said total revenue for Q3 2025 was $2.9 billion, an increase of 5% compared to Q3 2024, and GAAP net income was $419.3 million, or $0.86 per share, lower than $474.9 million in the prior-year quarter.

1. 01

   Norwegian Cruise Line Holdings said total revenue for Q3 2025 was $2.9 billion, an increase of 5% compared to Q3 2024, and GAAP net income was $419.3 million, or $0.86 per share, lower than $474.9 million in the prior-year quarter.

2. 02

   The company said Adjusted EBITDA for Q3 was $1.019 billion, an increase of 9% compared to the prior year's $931 million, exceeding guidance of $1.015 billion, and Adjusted EPS was $1.20, exceeding guidance of $1.14.

3. 03

   Norwegian Cruise Line Holdings said full-year 2025 Adjusted EPS guidance is $2.10 compared to previous guidance of $2.05, while reiterating full-year Adjusted EBITDA guidance of approximately $2.72 billion and Adjusted Net Income guidance of approximately $1.045 billion. As of September 30, 2025, Net Leverage was 5.4x.

4. 04

   The company said it refinanced the majority of its 2027 Exchangeable Notes in September, reducing shares outstanding on a fully diluted basis by approximately 38.1 million, and refinanced approximately $2.0 billion of debt, replacing approximately $1.8 billion of secured debt with unsecured debt, eliminating all secured notes from its capital structure.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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