Norwegian Cruise Line Holdings reported third-quarter results that exceeded market expectations, driving a 13% increase in share price. The company generated $2.95 billion in quarterly revenue, surpassing analyst estimates of $2.88 billion according to LSEG data.
The cruise operator posted net income of $491 million, or $1.07 per share, for the period. Adjusted earnings before interest, taxes, depreciation and amortization totaled $937 million, exceeding the company’s previous guidance of $874 million. Adjusted earnings per share reached $1.12, beating both prior guidance of 90 cents and analyst expectations of 94 cents.
Following the strong quarterly performance, Norwegian raised its full-year outlook. The company now projects 2026 adjusted EBITDA of $2.55 billion and adjusted EPS of approximately $1.70. However, the company noted that bookings had improved only modestly since its prior report and remained below its optimal range.
Management outlined plans to support future growth through new marketing initiatives, including a marketing platform launching in January. The company also expects demand to be bolstered by enhancements such as a new waterpark at its Great Stirrup Cay private island destination.
Separately, Norwegian announced leadership changes in its finance function. Chief Financial Officer Mark Kempa will depart after more than 25 years with the company, with Meghan Montana, the current chief strategy officer, assuming the CFO role effective January 1.
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