Overview

• Norwegian Cruise Line reported Q1 2025 revenue of $2.13 billion and adjusted EPS of $0.07, both below analyst estimates of $2.15 billion and $0.09, respectively.
• The company revised its full-year 2025 net yield forecast to a 2–3% increase, down from its previous 3% projection, reflecting weaker booking trends.
• Shares of Norwegian Cruise Line dropped 9% following the earnings report, continuing a broader decline of about 33% year-to-date.
• Despite booking softness, the company maintained its annual profit forecast of $2.05 per share, supported by ongoing cost-saving measures.
• Higher investments in ship maintenance, dry dock days, and fleet expansion added to cost pressures for the cruise operator.