Revenue segments as reported by the company.

Passenger ticket

Onboard and other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Commissions, transportation and other

Onboard and other OpEx

Payroll and related

Fuel

Food

Other

Marketing, general and administrative

Depreciation and amortization

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It provides cruise experiences for travelers with itineraries in Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii. It also offers an entirely inter-island itinerary in Hawaii. Its brands include Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. The company was founded in 1966 and is headquartered in Miami, FL.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Norwegian Cruise Line achieves record bookings and plans for growth

Norwegian Cruise Line's strong performance in 2022 and positive booking trends position the company well for 2023.
Focus on cost reduction initiatives and strategic priorities to enhance margins and achieve record EBITDA.
Challenges include balancing cost efficiencies with guest experience and navigating potential recession risks.
Opportunities lie in new ship additions, marketing strategies, and accelerating demand later in the year.

Norwegian Cruise Line beats Q1 targets, eyes strategic growth

Norwegian Cruise Line (NCLH) delivered strong Q1 2023 results, surpassing financial targets and demonstrating resilience amidst industry challenges.
The company's strategic focus on revenue optimization, cost management, and growth investments positions it well for future success and sustainable value creation.
Leadership transition, successful financing initiatives, and positive booking trends underscore Norwegian Cruise Line's ability to navigate uncertainties and capitalize on growth opportunities.
With a shift in deployment, focus on sustainability, and financial discipline, Norwegian Cruise Line is poised to leverage market dynamics and drive performance in the post-pandemic landscape.

Norwegian Cruise Line surpasses Q2 expectations, focuses on financial health

Norwegian Cruise Line delivered strong financial performance in Q2, exceeding targets and raising full-year guidance.
The company's focus on margin enhancement, cost optimization, and debt reduction demonstrates a commitment to financial health.
Challenges include managing load factors, debt optimization, and balancing margin improvements with guest experience.
Opportunities lie in market growth, cost structure enhancement, guest experience focus, and marketing efficiency improvements.

Norwegian Cruise Line excels in Q3, navigates challenges for growth

Norwegian Cruise Line's Q3 performance reflects strong revenue, exceeding guidance, and strategic growth initiatives amidst challenges in specific cruise routes and increased expenses.
The company's strengths include industry recognition, growth-focused strategies, and a clear focus on financial stability and efficiency.
Challenges such as geopolitical instability, softness in bookings, and increased expenses are being addressed with opportunities in demand growth, cost reduction, and strategic planning.
Optimism surrounds the company's outlook, with a commitment to price integrity, marketing efficiency, and leveraging strong demand for future success.
Navigating uncertainties while capitalizing on opportunities positions Norwegian Cruise Line for sustainable growth and resilience in the cruise industry.
Strategic focus on growth, cost management, and customer experience underpins Norwegian Cruise Line's performance and outlook for future success.

Norwegian Cruise Line excels in 2023, eyes strong growth ahead

Norwegian Cruise Line delivered a robust performance in 2023, focusing on financial strength, guest experience, and sustainability. Challenges include COVID-related disruptions and the need for ongoing cost management. The company is well-positioned for growth with opportunities for margin expansion and revenue enhancement.

Norwegian Cruise Line doubles EBITDA, eyes strong 2025 bookings

NCLH's Q1 2024 earnings call highlighted robust financial performance, sustainability efforts, and strong booking trends for 2025.
The company's focus on cost-saving initiatives, margin enhancement, and net yield growth positions it well for future success.
Despite challenges in certain regions, NCLH remains optimistic about offsetting impacts and driving overall pricing and yield growth.
Investor confidence is expected to strengthen post Investor Day, with a transparent long-term strategy and financial outlook.

Norwegian Cruise Line surpasses Q3 guidance, sets sights on growth

NCLH's Q3 performance reflects strong financial results and strategic initiatives driving growth.
Despite challenges in pricing trends and cost management, opportunities exist in revenue optimization and sustainability efforts.
Management's focus on long-term goals and operational efficiency positions NCLH for continued success in the cruise industry.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It offers cruise experiences for travelers with itineraries in Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii. Its brands include Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. The company was founded in 1966 and is headquartered in Miami, FL.

Norwegian Cruise Line Holdings slashed its full-year guidance amid impacts from the tensions in Israel and wildfires in Maui.

Norwegian Cruise Line cancels stops in Israel, cuts outlook for the year

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH ) Q3 2023 Earnings Conference Call November 1, 2023 10:00 AM ET Company Participants Jessica John - Chief Strategy Officer, Regent Seven Seas Cruises Harry Sommer - President & Chief Executive Officer Mark Kempa - Executive Vice President & Chief Financial Officer Conference Call Participants Dan Politzer - Wells Fargo Steve Wieczynski - Stifel Vince Ciepiel - Cleveland Research Robin Farley - UBS Brandt Montour - Barclays James Hardiman - Citi Conor Cunningham - Melius Research Patrick Scholes - Truist Securities Operator Good morning and welcome to the Norwegian Cruise Line Holdings' Third Quarter 2023 Earnings Conference Call.

Norwegian Cruise Line Holdings Ltd. (NCLH) Q3 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Norwegian Cruise Line (NCLH) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Norwegian Cruise Line (NCLH) Q3 Earnings

The cruise operator beat earnings estimates in the third quarter but cut its full-year outlook as it warned over the impact of the Israel-Hamas conflict.

Norwegian Cruise to Cancel All Israel Stops in 2024. The Stock Is Falling.

Shares of Norwegian Cruise Line Holdings Ltd. NCLH took a 2.7% hit toward a 6-month low in premarket trading Wednesday, after the cruise operator topped third-quarter profit estimates but cut its full-year outlook amid lower-than-expected close-in demand for certain itineraries.

Norwegian Cruise's stock drops toward a 6-month low after downbeat earnings outlook, amid lower-than-expected close-in demand

MIAMI, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (together with NCL Corporation Ltd., “Norwegian Cruise Line Holdings”, “Norwegian”, “NCLH” or the “Company”) today reported financial results for the third quarter ended September 30, 2023 and provided guidance for the fourth quarter and full year 2023.

Norwegian Cruise Line Holdings Reports Strong Third Quarter 2023 Financial Results

Cruise operator Norwegian Cruise Line Holdings is making changes to its 2024 itineraries, cancelling stops in Israel due to the ongoing Israel-Hamas war, according to an email sent to travel agents seen by Reuters.

Exclusive: Norwegian Cruise Lines alters 2024 itineraries to skip Israel - email

Norwegian Cruise (NCLH) third-quarter 2023 results are likely to have been aided by robust booking trends, improved occupancy rates and ongoing efforts to expand its fleet.

Norwegian Cruise (NCLH) to Post Q3 Earnings: What's in Store?

Norwegian Cruise Line (NCLH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Norwegian Cruise Line (NCLH) Earnings Expected to Grow: Should You Buy?

American Airlines

Federal Realty Investment Trust

Thanks to Microsoft's (NASDAQ: MSFT ) $69 billion acquisition of Activision Blizzard on Oct. 14, Lululemon (NASDAQ: LULU ) was chosen to replace it as one of the select S&P 500 stocks.  As is usually the case when a stock is added to the index, LULU stock gained 10% on the news since funds that track the index must buy LULU stock to replace the void left by Activision.

See Ya! 3 Stocks That Should Be Kicked Out of the S&P 500 Now.

MIAMI, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (together with NCL Corporation Ltd., “Norwegian Cruise Line Holdings” or the “Company”) announced today it will report third quarter 2023 financial results on Wednesday, November 1, 2023 at 7:30 a.m. Eastern Time with a conference call and webcast to discuss results at 10:00 a.m. Eastern Time.

Norwegian Cruise Line Holdings to Hold Conference Call on Third Quarter 2023 Financial Results

Company Strengthens Commitment to Decarbonization Efforts Through Participation in the Getting to Zero Coalition Company Strengthens Commitment to Decarbonization Efforts Through Participation in the Getting to Zero Coalition

Norwegian Cruise Line Holdings Joins Global Maritime Forum to Support Shared Mission of Driving a Positive Change for the Industry, Environment and Society

The latest trading day saw Norwegian Cruise Line (NCLH) settling at $15.49, representing a -1.09% change from its previous close.

Norwegian Cruise Line (NCLH) Suffers a Larger Drop Than the General Market: Key Insights

MIAMI, Oct. 11, 2023 (GLOBE NEWSWIRE) -- NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH), announced today that it has priced $790.0 million aggregate principal amount of its 8.125% senior secured notes due 2029 (the “Notes”), which were offered in a private offering (the “Notes Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).

NCL Corporation Ltd. Announces Pricing of $790,000,000 of Senior Secured Notes

MIAMI, Oct. 11, 2023 (GLOBE NEWSWIRE) -- NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH), announced today that it is proposing to sell $790.0 million aggregate principal amount of its senior secured notes due 2029 (the “Notes”) in a private offering (the “Notes Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).

NCL Corporation Ltd. Announces Proposed Offering of Senior Secured Notes

Carnival

Royal Caribbean Cruises

Cruises are making a major comeback since COVID -- and fresh demand is sending ticket prices to new heights.

Cruise prices surge 43% amid post-pandemic travel boom

MIAMI, Fla., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) (together with NCL Corporation Ltd., "Norwegian Cruise Line Holdings," "Norwegian", “NCLH” or the "Company") today announced the appointment of José E. Cil to its Board of Directors (the "Board") as a new independent director, effective October 6, 2023. With Mr. Cil's appointment, the Board has expanded from eight to nine members, seven of whom are independent. Mr. Cil will serve as a member of the Company's Audit Committee.

Norwegian Cruise Line Holdings Ltd. Appoints José E.

Ticket prices for cruises are surging as operators say they're meeting higher demand for post-pandemic vacations.

Cruise prices are way up as operators meet surging travel demand

Cruise operators' stocks are slumping after Carnival Corp. CCL, -7.83% on Friday warned of rising fuel prices that impacted the company's earnings. Carnival's stock plunged 8% in early-afternoon trading, while shares of Royal Caribbean Group RCL, -2.91% dipped 3%.

Cruise operators' stocks are sliding after Carnival warns of rising fuel costs

On Sale October 4, Travelers May Choose From More Than 100 New Voyages, with 320 Captivating Ports of Call Across All Eight Ships, Promising Unforgettable Travel Experiences MIAMI , Sept. 27, 2023 /PRNewswire/ -- Oceania Cruises, the world's leading culinary- and destination-focused cruise line, revealed its 2025 Summer Collection of voyages, featuring an extensive and diverse lineup of more than 100 itineraries, plus nearly 50 Grand Voyages, to alluring corners of the world.

Oceania Cruises Announces 2025 Summer Collection of Voyages with Extensive Lineup of Immersive Itineraries

The DCF analysis suggests a modest present overvaluation with a fair price of $16.31, but an exceptionally promising future price of $56.92, offering an impressive annual return of 46%. While NCLH's current cash reserves may not fully offset expected negative Free Cash Flow (FCF) in 2023, the calculated dilution scenario provides a viable solution. NCLH's historical industry resilience and experienced leadership make it a compelling investment opportunity, with the potential for strong annual returns from 35% to 46% through 2028.

Dilution Factors Aside, Norwegian Offers Growth Momentum

New Ship, Vista, Scored Full Marks During Its United States Public Health (U.S.P.H.) Inspection in Boston This Month Download images here (Credit Oceania Cruises) MIAMI , Sept.

Oceania Cruises' Vista Earns Perfect 100 U.S.P.H. Inspection Score

The NCHL management has shown great competency in managing the elevated interest rate risks, attributed to the debt swap to mostly fixed rates by FQ2'23. While Brent has risen dramatically to $93.53 at the time of writing, potentially increasing its Fuel Expenses, the management has also hedged part of the fuel risks through derivative agreements. The cruise booking trends have surpassed pre-COVID levels, with NCHL reporting excellent advanced ticket sales of $3.5B and ~60% in booked position over the next twelve months.

Norwegian Cruise Line: Big Ships Turn Slowly - Have Patience

From Polynesian Dreams to Tahitian Legends, Explore Far-Flung Destinations and Discover Exquisite Food on These New Exotic Cruises Download images here (Credit Oceania Cruises) MIAMI , Sept. 21, 2023 /PRNewswire/ -- Oceania Cruises , the world's leading culinary- and destination-focused cruise line, has announced seven new exotic summer sailings to French Polynesia and Hawaii on board the 670-guest boutique hotel-style Regatta in 2025, which will open for reservations on October 4, 2023.

Oceania Cruises Announces Seven New 2025 Summer Sailings to French Polynesia and Hawaii

Analysts upgraded Carnival, Norwegian Cruise Line on Thursday as a surge in retiree demand fuels rapid recovery for cruise lines.

News for Norwegian Cruise Line Stock (NCLH)