Norwegian Cruise Line's third quarter revenue of $2.9B beat estimates while full year 2026 guidance was raised

Norwegian Cruise Line reported third quarter 2026 revenue of $2.95 billion, exceeding analyst estimates of $2.78 billion. Outperformance was driven by resilient close-in demand and strong onboard revenue, leading the company to raise its full-year 2026 Adjusted EPS guidance to $1.70.

Key Highlights

• Adjusted EPS of $1.12 surpassed the $0.86 estimate, though Net Yield declined 6.5% year-over-year due to unfavorable mix impacts.
• Management raised full-year 2026 Adjusted EBITDA guidance to approximately $2.55 billion, reflecting continued cost discipline and higher spending per passenger.
• The company identified $100 million in additional run-rate savings from air optimization and promotional changes, set to phase in through 2028.