Royal Caribbean beats Q1 estimates as demand drives strong performance

Fiona Craig

Thu, April 30, 2026 astatine 9:02 AM CDT 2 min read

Royal Caribbean Group (NYSE:RCL) reported first-quarter results connected Thursday that came successful up of expectations, supported by robust question demand.

Adjusted net per stock reached $3.60, exceeding the expert statement of $3.22, arsenic the cruise relation capitalized connected beardown bookings pursuing a grounds WAVE season. Revenue climbed 11% year-over-year to $4.5 billion, somewhat supra the $4.46 cardinal forecast.

The institution issued full-year adjusted EPS guidance of $17.10 to $17.50, with a midpoint of $17.30. This outlook includes an estimated $0.62 per stock interaction from higher-than-expected substance costs astatine existent prices, on with disruptions to Middle East itineraries linked to geopolitical tensions. It besides reflects savings from little non-fuel expenses and the payment of $836 cardinal successful stock repurchases completed during the quarter.

Shares roseate 5.1% pursuing the announcement.

“Our beardown archetypal 4th results and grounds WAVE play show the exceptional entreaty and compelling worth proposition of our trusted brands, industry-leading ships, and destinations,” said Chairman and CEO Jason Liberty.

The institution noted that bookings slowed successful March and aboriginal April for Mediterranean and West Coast of Mexico routes owed to geopolitical concerns, but person since rebounded and are present moving up of the aforesaid play past year.

Net yields accrued 3.6% connected a reported ground and 2.0% successful changeless currency, outperforming guidance acknowledgment to stronger pricing driven by late-stage request and onboard spending.

For the 2nd quarter, Royal Caribbean expects adjusted EPS betwixt $3.83 and $3.93. Net yields are projected to emergence astir 0.9% arsenic reported and 0.2% successful changeless currency, reflecting greater vulnerability to itineraries impacted by caller planetary events.

During the quarter, the institution carried 2.5 cardinal guests, up 12% year-over-year, with a load origin of 109%.

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