Norwegian Cruise Line Q3 revenue up 5% to $2.9 billion; 2025 EPS outlook raised
Norwegian Cruise Line Holdings reported record third-quarter 2025 revenue of $2.9 billion, up 5% from a year earlier, and Adjusted EPS of $1.20, above its $1.14 guidance. The company raised its full-year 2025 Adjusted EPS guidance to $2.10 from $2.05 and reiterated its Adjusted EBITDA and Adjusted Net Income guidance, but GAAP net income fell to $419.3 million from $474.9 million.
Key points
- Q3 2025 revenue was a record $2.9 billion, up 5%; Adjusted EBITDA rose 9% to $1.019 billion from $931 million.
- GAAP net income was $419.3 million, or $0.86 EPS, versus $474.9 million in the prior-year quarter.
- Full-year 2025 Adjusted EPS guidance was raised to $2.10 from $2.05; Adjusted EBITDA guidance was unchanged at about $2.72 billion.
- Total debt was $14.5 billion and Net Leverage was 5.4x at September 30, 2025, up 0.1x from June 30, 2025.
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.