NCLH reports record Q2 revenue

Norwegian Cruise Line Holdings (NCLH) has reported record-breaking revenue performance for the second quarter of 2025.

 

The group, which operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises, reported total revenue of US$2.5 billion, representing a 6% increase compared with the same period in 2024.  

 

However, the strong revenue performance came as net income for the quarter totalled US$30 million, marking a decline of US$133.4 million year-on-year.

 

NCLH said this was due to foreign exchange losses of US$158.5 million, primarily related to US$121.9 million in non-cash losses due to the mark-to-market of euro-denominated debt, and US$36.6 million mainly related to the advance ticket sales balance.

 

The company posted earnings before interest and taxes (Ebitda) of US$694 million, compared to US$588 million in 2024, exceeding guidance of US$670 million.

 

 

Full-year adjusted Ebitda guidance for 2025 is unchanged and expected to be approximately US$2.72 billion, an 11% increase versus 2024.

 

Occupancy for the second quarter of 2025 was 103.9%, in line with guidance. The company’s advance ticket sales balance ended the second quarter at an all-time high of US$4 billion.

 

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In a statement, the company said it remains “well positioned within its optimal range for its forward 12-month booked position”.

 

Harry Sommer, President and Chief Executive Officer at Norwegian Cruise Line Holdings, said: “We delivered another record quarter, demonstrating once again the strong customer demand environment, the power of our brands, our outstanding onboard product and the dedication of our team.

 

“Demand has rebounded across all three of our brands, with bookings now ahead of historical levels in recent months and continued strength in onboard spend.”

 

He added: “This performance reflects the strength of our offerings across the fleet, along with our disciplined focus on driving both return on investment and return on experience.”

 

The company announced several major developments in the quarter, including the expansion of its private island destination, Great Stirrup Cay, which will welcome the Great Tides Waterpark in summer 2026.

 

Meanwhile, Oceania Cruises took delivery of Oceania Allura, its eighth luxury ship, and confirmed orders for two more Sonata Class ships.

 

For more information, visit www.nclhltd.com. To partner with NCL, email Rebecca Ransom, Business Development Manager Middle East, rransom@ncl.com, call/WhatsApp: +44 7961 300 729; for more information, visit www.ncl.com