Norwegian Cruise Line Holdings — Third Quarter 2026 Earnings Summary

Norwegian Cruise Line Holdings reported third-quarter 2026 total revenue of $2.9 billion, resulting in a GAAP net income of $491 million and adjusted EBITDA of $937 million, both exceeding prior guidance. The company raised its full-year 2026 adjusted EBITDA outlook to approximately $2.55 billion and adjusted EPS to $1.70, driven by stronger-than-expected close-in demand and onboard spending. Strategic initiatives included the opening of the Great Tides Waterpark at Great Stirrup Cay, the sale of the Oceania Sirena, and the issuance of $950 million in senior notes to enhance liquidity. Looking ahead, the company expects full-year 2026 net yield to decline by 4.4% on a constant currency basis while projecting a 1% to 2% net yield growth for 2027.