---
schema_version: "secwatch.filing_event.v1"
accession: "0000884887-25-000146"
form_type: "8-K"
ticker: "RCL"
cik: "0000884887"
company_name: "ROYAL CARIBBEAN CRUISES LTD"
filed_at: "2025-10-28T23:59:59+00:00"
generated_at: "2026-05-17T02:05:44.218757+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Royal Caribbean Q3 EPS $5.75, raises full-year guidance to $15.58-$15.63, announces Santorini beach club

## Summary
- Q3 revenue $5.1B, net income $1.6B, adjusted EPS $5.75 vs $5.20 prior year; load factor 112%.
- Full-year 2025 adjusted EPS guidance raised to $15.58-$15.63 (+32% YoY); Q4 guidance $2.74-$2.79.
- New Royal Beach Club Santorini to open summer 2026; expands land-based destination portfolio from 2 to 8 by 2028.
- Quarterly dividend increased 33% to $1.00; repurchased 1.3M shares in Q3; issued $1.5B of 5.375% notes due 2036.
- S&P outlook revised to Positive, Fitch upgraded to BBB; bookings at record rates for 2025 and 2026.

## SEC filing metadata
- accession: 0000884887-25-000146
- form_type: 8-K
- ticker: RCL
- cik: 0000884887
- company_name: ROYAL CARIBBEAN CRUISES LTD
- filed_at: 2025-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/884887/000088488725000146/0000884887-25-000146-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884887/000088488725000146/rcl-20251028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000884887-25-000146
- JSON: https://secwatch.observer/filing/0000884887-25-000146.json
- Plain text: https://secwatch.observer/filing/0000884887-25-000146.txt

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