---
schema_version: "secwatch.filing_event.v1"
accession: "0000884887-25-000140"
form_type: "8-K"
ticker: "RCL"
cik: "0000884887"
company_name: "ROYAL CARIBBEAN CRUISES LTD"
filed_at: "2025-07-29T23:59:59+00:00"
generated_at: "2026-05-17T23:55:42.825530+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Royal Caribbean Q2 Adj EPS $4.38 beats guidance; raises FY 2025 outlook to $15.41-$15.55

## Summary
- Q2 total revenues $4.5B, net income $1.2B; Adjusted EBITDA $1.9B.
- EPS of $4.41, Adjusted EPS of $4.38 vs. $3.21 prior year, driven by strong close-in demand and lower costs.
- Net Yields up 5.3% as-reported; load factor 110%, up 2 points vs. Q2 2024.
- Full year 2025 Adj EPS raised to $15.41-$15.55, ~31% YoY growth; Net Yields expected +3.5% to +4.0%.
- Liquidity $7.1B; upsized revolver to $6.4B and extended maturity to 2030; received investment-grade ratings.

## SEC filing metadata
- accession: 0000884887-25-000140
- form_type: 8-K
- ticker: RCL
- cik: 0000884887
- company_name: ROYAL CARIBBEAN CRUISES LTD
- filed_at: 2025-07-29T23:59:59+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/884887/000088488725000140/0000884887-25-000140-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884887/000088488725000140/rcl-20250729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000884887-25-000140
- JSON: https://secwatch.observer/filing/0000884887-25-000140.json
- Plain text: https://secwatch.observer/filing/0000884887-25-000140.txt

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