Royal Caribbean Raises 2025 Profit Outlook Despite Q2 Dip

Royal Caribbean Group, parent company of Royal Caribbean International, Silversea Cruises, and Celebrity Cruises, has released its second-quarter financial results, reporting lower-than-expected earnings but raising its outlook for the rest of 2025.
The company posted earnings per share (EPS) of $4.41, with total revenue reaching $4.5 billion and net income at $1.2 billion. EPS rose nearly a dollar compared to 2024, signaling continued growth despite cost pressures. According to Reuters, Royal Caribbean’s stock has climbed 53 percent this year but dropped 7 percent following the release of the latest results.
“Demand for our portfolio of brands and our industry-leading experiences continues to accelerate,” said Jason Liberty, president and CEO of Royal Caribbean Group. “We remain focused on delivering value for guests and shareholders while staying ahead of future demand.”
Bookings remain strong, with rates for 2025 and 2026 trending higher than previous years. Increased demand has been a key driver of performance, offsetting higher operating costs linked to tariffs and rising fuel prices. Load factor reached 110 percent, boosted by the addition of larger-capacity ships such as Utopia of the Seas.
Royal Caribbean is also benefiting from expanded land-based offerings, which provide additional revenue streams beyond cruising. Like other U.S. travel companies, the group has raised its full-year outlook, forecasting adjusted EPS growth of 31 percent over last year, with revised guidance in the range of $15.41 to $15.55, up from earlier projections.
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