Royal Caribbean Lifts 2025 Outlook After Q1 Beat

Royal Caribbean Group reported a strong first quarter, with adjusted earnings per share of $2.71—beating analyst expectations—while revenue came in at $4 billion, slightly below consensus. The company raised its full-year 2025 adjusted EPS guidance to $14.55 to $15.55, citing record bookings during the peak 'wave season,' strong demand for premium sailings and private island destinations, higher pricing, and lower costs. Net income more than doubled year-over-year, and load factors reached 109%, indicating robust occupancy. April bookings also surpassed last year’s levels, and booking trends for 2025 remain strong with normal cancellation rates. The results marked Royal Caribbean’s twelfth consecutive quarterly profit beat and led to gains in premarket trading. CEO Jason Liberty attributed the continued momentum to the appeal of the company’s diversified vacation offerings.