Royal Caribbean Group said Net Income attributable to Royal Caribbean Cruises Ltd. and Adjusted Net Income attributable to Royal Caribbean Cruises Ltd. for Q3 2025 were $1.6 billion, respectively, and total revenues increased $253 million to $5.1 billion.

10-QQuarterly reportFiled Oct 28, 2025Period of report Sep 30, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Royal Caribbean Group said Net Income attributable to Royal Caribbean Cruises Ltd. and Adjusted Net Income attributable to Royal Caribbean Cruises Ltd. for Q3 2025 were $1.6 billion, respectively, and total revenues increased $253 million to $5.1 billion.
The company said total revenues for the 9 months ended September 30, 2025 increased $1.0 billion to $13.7 billion, citing increases in capacity, ticket prices and onboard spending as factors.
Royal Caribbean Group said net cash provided by operating activities for the 9 months ended September 30, 2025 was $4.8 billion (compared to $3.8 billion in the prior-year period) and net cash used in investing activities was $3.5 billion (compared to $2.8 billion in the prior-year period). The company cited capital expenditures related to the delivery of Star of the Seas and the acquisition of Port of Costa Maya as factors for the increase in investing activities.
Royal Caribbean Group said liquidity as of September 30, 2025 was $6.8 billion, consisting of cash and cash equivalents of $0.4 billion and undrawn revolving credit facility of $6.4 billion. The company said the estimated total cost of ships on order was $9.7 billion, of which $1.0 billion had been deposited.

Key figures

Quarter ended September 30, 2025

Revenue: $5.1B
Operating income: $1.7B
Net income: $1.6B
EPS: $5.74

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q3 2025 Net Income and Total Revenues

Royal Caribbean Group said Net Income attributable to Royal Caribbean Cruises Ltd. and Adjusted Net Income attributable to Royal Caribbean Cruises Ltd. for Q3 2025 were $1.6 billion, respectively, and total revenues increased $253 million to $5.1 billion.

Source · Based on the MD&A text of the filing

Company Explanation of 9-Month Cumulative Revenue Growth

The company said total revenues for the 9 months ended September 30, 2025 increased $1.0 billion to $13.7 billion, citing increases in capacity, ticket prices and onboard spending as factors.

Source · Based on the MD&A text of the filing

9-Month Cumulative Cash Flow and Investing Activities

Royal Caribbean Group said net cash provided by operating activities for the 9 months ended September 30, 2025 was $4.8 billion (compared to $3.8 billion in the prior-year period) and net cash used in investing activities was $3.5 billion (compared to $2.8 billion in the prior-year period). The company cited capital expenditures related to the delivery of Star of the Seas and the acquisition of Port of Costa Maya as factors for the increase in investing activities.

Source · Based on the MD&A text of the filing

Liquidity and Ship Orders as of September 30, 2025

Royal Caribbean Group said liquidity as of September 30, 2025 was $6.8 billion, consisting of cash and cash equivalents of $0.4 billion and undrawn revolving credit facility of $6.4 billion. The company said the estimated total cost of ships on order was $9.7 billion, of which $1.0 billion had been deposited.

Source · Based on the MD&A text of the filing

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.

View the original filing on SEC EDGAR ↗

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