---
schema_version: "secwatch.filing_event.v1"
accession: "0000884887-23-000016"
form_type: "8-K"
ticker: "RCL"
cik: "0000884887"
company_name: "ROYAL CARIBBEAN CRUISES LTD"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:48:52.095185+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000884887-23-000016
- form_type: 8-K
- ticker: RCL
- cik: 0000884887
- company_name: ROYAL CARIBBEAN CRUISES LTD
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/884887/000088488723000016/0000884887-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884887/000088488723000016/rcl-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000884887-23-000016
- JSON: https://secwatch.observer/filing/0000884887-23-000016.json
- Plain text: https://secwatch.observer/filing/0000884887-23-000016.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/884887/000088488723000016/0000884887-23-000016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.