#USA #Miami #Royal Caribbean #Celebrity Cruises #Discovery Class

Royal Caribbean Group Reports Strong Earnings and Solid Future Outlook

On January 29, 2026, Royal Caribbean Group (NYSE: RCL) revealed its earnings for 2025, reporting an Earnings Per Share (EPS) of $15.61 and an Adjusted EPS of $15.64. These numbers surpass the company's initial expectations, bolstered by strong revenue performance and successful joint ventures.

Highlights of 2025 Performance

The company's financial success in 2025 is underscored by its 30% earnings growth compared to the previous year. With the latest wave season witnessing record bookings, Royal Caribbean's strong market presence is expected to continue into 2026. Jason Liberty, CEO of Royal Caribbean Group, stated, "2025 was an outstanding year, and the momentum is further accelerating into 2026." The anticipated Adjusted EPS for 2026 is projected to be between $17.70 and $18.10.

Financial Metrics

• - Total revenues reached $17.9 billion
• - Net Income at $4.3 billion
• - Adjusted EBITDA totaled $7.0 billion

Royal Caribbean has achieved an 8.5% increase in Gross Margin Yields and a 3.8% rise in Net Yields for the year, indicating positive pricing and yield management strategies are in place.

Looking Ahead: 2026 Guidance

As for expectations in 2026, Royal Caribbean anticipates a 2.1% to 4.1% increase in net yields year-over-year, with adjusted EPS growth targeted to reach 23% CAGR over the initial two years of its ambitious Perfecta program. The expected revenue growth, combined with an increase in passenger capacity of 6.7%, positions the company favorably for another successful year.

Expanding the Vacation Portfolio

Not only does Royal Caribbean maintain its financial growth, but the company is also keen on enhancing its fleet of vessels. They have made significant commitments to develop their new Discovery Class ships at the Chantiers de l'Atlantique shipyard in France, with plans for two firm orders and options for four additional ships. The first of these innovative ships is set to launch in 2029.

In addition, the company has announced a significant expansion in its river cruise offerings, with 10 new ships planned for Celebrity River Cruises by 2031, which will offer guests unique experiences on famed rivers worldwide.

Liberty emphasized the direction Royal Caribbean is heading: "We're investing heavily in creating next-generation vacation experiences and expanding our global reach in iconic destinations. Our strategy revolves around connecting our innovative ships and destinations into a cohesive vacation ecosystem that will turn one-time visitors into repeat guests."

Guest Experience and Booking Trends

Bookings have surged, with Royal Caribbean indicating that nearly two-thirds of their 2026 capacity is already booked, showcasing a positive trend towards high-demand vacation experiences resorted to their customers. Enhanced guest spending onboard indicates higher participation rates in various offerings.

Naftali Holtz, CFO of Royal Caribbean Group, confirmed the ongoing demand: "Consumers are prioritizing our vacation experiences, leading to continued yield growth across key markets."

Conclusion

As Royal Caribbean Group embarks on a new year with promising financial outcomes and a robust strategy to expand its market share, the cruise industry anticipates innovative changes as they roll out new ships and experiences. The comprehensive strategies underscore the Group's commitment to delivering top-tier vacations responsibly. As the world opens up, Royal Caribbean is well-positioned to redefine vacation cruising for the future.

For more information, visit Royal Caribbean Group.