Royal Caribbean Group reported third-quarter earnings above expectations, with earnings per share (EPS) of US$6.45 and adjusted EPS of US$6.57. Strong demand and lower costs prompted the company to raise its full-year adjusted EPS forecast to US$17.85–US$17.95.
Third-quarter revenue rose 9% year-on-year to US$5.6 billion. The company recorded a load factor of 112% and net income of US$1.7 billion. Net yields increased 0.9%, supported by strong demand in Europe and the Caribbean.
Royal Caribbean is also expanding beyond cruising. Its recent acquisition of a 50% stake in Sandals and Beaches Resorts will extend its offerings into the all-inclusive resort market. The investment aims to attract more holidaymakers to both cruise and resort experiences. The deal is expected to close in early 2027, with immediate earnings accretion anticipated.
The company reported that 2027 bookings are ahead of historical levels, reflecting continued demand. It also remains on track to achieve its Perfecta goals, which target 20% compound annual growth in adjusted EPS from 2024 to 2027.
Royal Caribbean expects its partnership with Sandals and Beaches to strengthen guest engagement and create additional synergies. The move supports its strategy to expand its vacation offerings and deliver long-term shareholder value.
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