Norwegian Q2 record revenue $2.5B; Adj. EBITDA $694M beats guidance; FY guidance reaffirmed

Norwegian Cruise Line Holdings Ltd.

2025-Q2 EPS reported -$0.02 revenue$4,645,050,000

Q2 total revenue $2.5B, +6% YoY; GAAP net income $30M, EPS $0.07; Adjusted EPS $0.51 met guidance.
Adjusted EBITDA $694M exceeding guidance; $0.08 EPS headwind from FX offset by operational strength.
Reiterated full year 2025 guidance on all key metrics citing robust consumer demand across all three brands.
Expanding Great Stirrup Cay with Great Tides Waterpark (19 slides, 800-ft river) expected summer 2026.
Took delivery Oceania Allura; ordered two additional Sonata Class ships; upsized revolver to ~$2.5B.

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