Earnings Releases·Oct 29, 2026, 7:00 AM ET

Norwegian Cruise Line Holdings — Third Quarter 2026 Earnings Summary

Q3 2026 GAAP net income rose to $491 million ($1.07 EPS) from $419 million, while Adjusted EBITDA reached $937 million and Adjusted EPS hit $1.12, both exceeding prior guidance.
Full-year 2026 guidance was raised to approximately $2.55 billion in Adjusted EBITDA and $1.70 in Adjusted EPS, with Q4 2026 Adjusted EBITDA forecast at $414 million despite headwinds from the delayed Seven Seas Prestige.
Strategic capital actions included a $950 million senior notes issuance and a $2.8 billion Revolving Loan Facility upsizing, resulting in pro forma liquidity of $2.1 billion and a Net Leverage ratio of 5.5x.
Fleet expansion continues with the sale of Oceania Sirena and Insignia, the launch of the new Sonata Class, and the opening of the Great Tides Waterpark, while 2027 Net Yield is projected to grow 1% to 2%.