---
schema_version: "secwatch.filing_event.v1"
accession: "0000884887-23-000054"
form_type: "8-K"
ticker: "RCL"
cik: "0000884887"
company_name: "ROYAL CARIBBEAN CRUISES LTD"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T09:25:31.482280+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Q3 adjusted EPS $3.85 beats guidance; full-year outlook raised to $6.58-$6.63

## Summary
- Q3 adjusted EPS $3.85 vs guidance; revenue $4.2B, net income $1.0B, load factor 110%.
- Full year 2023 adjusted EPS guidance raised to $6.58-$6.63, driven by strong demand and onboard revenue.
- Net yields up 16.9% vs Q3 2019; bookings for 2024 at record levels with higher load factors and rates.
- Repaid $775M debt in Q3 including $500M 11.5% notes; refinanced revolver to $3.5B; liquidity $3.3B.
- Credit upgrades: S&P to BB- stable, Moody's to B1 positive; customer deposits $5.0B.

## SEC filing metadata
- accession: 0000884887-23-000054
- form_type: 8-K
- ticker: RCL
- cik: 0000884887
- company_name: ROYAL CARIBBEAN CRUISES LTD
- filed_at: 2023-10-26T23:59:59+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/884887/000088488723000054/0000884887-23-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884887/000088488723000054/rcl-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000884887-23-000054
- JSON: https://secwatch.observer/filing/0000884887-23-000054.json
- Plain text: https://secwatch.observer/filing/0000884887-23-000054.txt

## Key facts
- Earnings Releases
  ROYAL CARIBBEAN CRUISES LTD reported third quarter results: revenue $4.2 billion, net income $1.0 billion, EPS $3.65 per share. Guidance raised.
  - Period: third quarter
  - Revenue: $4.2 billion
  - Net income: $1.0 billion
  - EPS: $3.65 per share
  - Guidance: raised
  - Result: reported results
  source text: Net Cruise Costs ("NCC"), excluding Fuel, per APCD increased 10.3% in Constant-Currency (10.1% As-Reported), both compared to the third quarter of 2019. 1 • Total revenues were $4.2 billion, Net Income was $1.0 billion or $3.65 per share, Adjusted Net Income was $1.1 billion or $3.85 per share, Adjusted EBITDA was $1.7 billion. Full Year 2023 Outlook: • Net Yields
  evidence_url: https://www.sec.gov/Archives/edgar/data/884887/000088488723000054/0000884887-23-000054-index.htm

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