---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-25-001101"
form_type: "8-K"
ticker: "NCLH"
cik: "0001513761"
company_name: "Norwegian Cruise Line Holdings Ltd."
filed_at: "2025-02-27T23:59:59+00:00"
generated_at: "2026-05-26T01:37:38.954183+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NCLH posts record FY2024 revenue $9.5B, adj EBITDA $2.45B; guides 2025 adj EPS ~$2.05

## Summary
- Full-year 2024 total revenue $9.5B, up ~11% YoY; GAAP net income $910.3M (EPS $1.89) vs $166M in 2023.
- Adjusted EBITDA record $2.45B, +32% YoY; Adjusted EPS $1.82; net leverage reduced to 5.3x from 7.3x.
- 2025 guidance: Adj EBITDA ~$2.72B (+11% YoY), Adj Net Income ~$1.07B, Adj EPS ~$2.05, including FX and fuel headwinds.
- Announced newbuild program of 8 vessels (~25,000 berths) and pier construction at Great Stirrup Cay under Charting the Course strategy.
- Adjusted ROIC improved 320bps to 10.9%; Adjusted Net Cruise Cost ex Fuel per Capacity Day up ~3.9% as reported.

## SEC filing metadata
- accession: 0001171843-25-001101
- form_type: 8-K
- ticker: NCLH
- cik: 0001513761
- company_name: Norwegian Cruise Line Holdings Ltd.
- filed_at: 2025-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1513761/000117184325001101/0001171843-25-001101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1513761/000117184325001101/f8k_022725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-25-001101
- JSON: https://secwatch.observer/filing/0001171843-25-001101.json
- Plain text: https://secwatch.observer/filing/0001171843-25-001101.txt

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