The company reported full-year 2024 total revenues of $16.5 billion, net income of $2.9 billion ($10.94 per share), adjusted net income of $3.2 billion ($11.80 per share), and Adjusted EBITDA of $6.0 billion.

1. 01

   The company reported full-year 2024 total revenues of $16.5 billion, net income of $2.9 billion ($10.94 per share), adjusted net income of $3.2 billion ($11.80 per share), and Adjusted EBITDA of $6.0 billion.

2. 02

   Royal Caribbean said it expects full-year 2025 adjusted EPS of $14.35 to $14.65 and Net Yields to increase 2.5% to 4.5% in constant currency (1.8% to 3.8% as reported). The range includes a $0.65 headwind from foreign exchange and fuel rates compared with the last earnings call.

3. 03

   The company said net income for Q4 2024 was $0.6 billion ($2.02 per share) and adjusted net income was $0.4 billion ($1.63 per share). For Q4, NCC excluding fuel per APCD increased 13.5% in constant currency, and the company said the increase in stock-based compensation expense from the rise in its stock price compared with its prior outlook accounted for 340 basis points.

4. 04

   The company said it is launching Celebrity River Cruises, begins taking bookings this year, has committed to an initial order for 10 ships, and plans to sail in 2027.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

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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