Royal Caribbean beats Q1 guidance, raises 2023 EPS outlook to $4.40-$4.80 on record bookings

ROYAL CARIBBEAN CRUISES LTD

2023-Q1 EPS reported -$0.19 revenue$2,885,146,000

Q1 Net Loss $(47.9)M vs. $(1.2)B prior year; adjusted loss $(0.23)/share beat guidance on strong close-in demand.
Total revenue $2.9B; load factors 102%; Net Yields up 5.1% vs. Q1 2019.
Full-year 2023 Adjusted EPS guidance raised to $4.40-$4.80, reflecting record WAVE season and accelerating demand.
Customer deposits hit record $5.3B; Q1 operating cash flow $1.3B; liquidity $3.9B.
Q2 2023 Adjusted EPS guided $1.50-$1.60; Net Yields vs. 2019 expected +9.6% to +10.1% as-reported.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.97

ROYAL CARIBBEAN CRUISES LTD reported quarter ended March 31, 2023 results: revenue $2.9 billion, net income $(47.9) million, EPS $(0.19) per share. Guidance raised.

Period: quarter ended March 31, 2023
Revenue: $2.9 billion
Net income: $(47.9) million
EPS: $(0.19) per share
Guidance: raised
Result: reported results

Exact text from the filing

Total revenues were $2.9 billion, Net Loss was $(47.9) million or $(0.19) per share, Adjusted Net Loss was $(58.9) million or $(0.23) per share, Adjusted EBITDA was $641.7 million, and Operating Cash Flow was $1.3 billion.

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Source: SEC EDGAR

accession 0000884887-23-000016

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