Norwegian Cruise Line Holdings press release (NYSE:NCLH): Q2 Non-GAAP EPS of $0.51 misses by $0.01.
Revenue of $2.5B (+4.2% Y/Y) misses by $60M.
2025 full year Net Yield guidance on a Constant Currency basis is expected to increase approximately 2.5% versus 2024, compared to previous guidance of between 2.0% and 3.0%.
2025 Adjusted Net Cruise Cost excluding Fuel per Capacity Day is expected to grow approximately 0.6% on a Constant Currency basis versus 2024, compared to previous guidance of between 0% and 1.25%.
2025 full year Adjusted EBITDA guidance is unchanged and expected to be approximately $2.72 billion, or an 11.0% increase versus 2024.
Adjusted Operational EBITDA Margin guidance for the full year 2025 is unchanged and expected to be approximately 37%, an 150 basis point increase versus 2024.
Full year Adjusted Net Income guidance is reiterated at approximately $1,045 million. Adjusted EPS guidance is reiterated at $2.05, a 16% increase versus 2024.
Net Leverage guidance is expected to end the year at approximately 5.2x compared to previous guidance of ~5x due to the mark-to-market of euro-denominated debt.
The Company remains committed to achieving its 2026 Charting the Course financial targets.
