Royal Caribbean reported that for Q2 2025 Net Income was $1.2 billion ($4.41 per share), Adjusted Net Income was $1.2 billion ($4.38 per share), and total revenues were $4.5 billion. Net Income for the same quarter in the prior year was $0.9 billion ($3.11 per share).

1. 01

   Royal Caribbean reported that for Q2 2025 Net Income was $1.2 billion ($4.41 per share), Adjusted Net Income was $1.2 billion ($4.38 per share), and total revenues were $4.5 billion. Net Income for the same quarter in the prior year was $0.9 billion ($3.11 per share).

2. 02

   The company said Net Yields for Q2 increased 5.3% as-reported and 5.2% in Constant Currency, and load factor was 110%. It cited stronger close-in demand as the main factor for Net Yield growth exceeding guidance.

3. 03

   Royal Caribbean raised its full year 2025 Adjusted EPS guidance to $15.41 to $15.55. The company projected full-year Net Yields would increase 3.5% to 4.0% and Net Cruise Costs excluding Fuel per APCD would increase approximately 0.5% as-reported.

4. 04

   As of June 30, 2025, the company said its liquidity position was $7.1 billion, which includes cash and cash equivalents and undrawn revolving credit facility capacity. During Q2, the company amended and increased its two unsecured revolving credit facilities, bringing the combined revolving credit facilities commitments to $6.4 billion.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.