by Sarah Kuta
Last updated: 11:25 AM ET, Thu October 31, 2024
Driven by strong demand across all three of its brands, Norwegian Cruise Line Holdings raised its annual profit forecast for the fourth time this year.
On Thursday, the company shared its third-quarter financial results. Norwegian increased its full-year adjusted earnings per share guidance by roughly 8 percent to $1.65. That’s up $0.12 from the earlier expectation of $1.53. The company also increased its 2024 revenue-per-cruise-day forecast to about 9.4%, up from 8.2%.
The company’s third-quarter revenue was a record-setting $2.81 billion, which represents an 11 percent increase from last year. Norwegian reported strong demand for new bookings for voyages in 2025 and beyond.
In recent weeks, the company has announced a slate of new developments, including Norwegian Cruise Line’s new brand position and “More at Sea” package. Oceania Cruises unveiled a new brand value promise called “Your World Included,” and Regent Seven Seas celebrated the start of construction on Seven Seas Prestige.
Norwegian Cruise Line opened bookings for Norwegian Luna, which is scheduled to debut in April 2026 from Miami. The cruise brand also announced a new multiyear partnership with the National Hockey League.
Norwegian’s strong third-quarter results underscore “the strength of our business, the attractiveness of our product offering across all brands and the superior execution and delivery by our teams both shoreside and shipboard," said Harry Sommer, president and chief executive officer of Norwegian Cruise Line Holdings Ltd.
"Fueled by robust demand and our relentless focus on cost control and margin enhancement, we're raising our full-year guidance for a fourth time and expect 2024 to be our best year for revenue, net yield growth and adjusted EBITDA,” he added.
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