Norwegian Cruise Line Raises 2026 Outlook After Earnings Beat

Norwegian Cruise Line Holdings reported third-quarter 2026 earnings and revenue above analysts’ estimates on October 29, then raised its full-year outlook for adjusted earnings and adjusted EBITDA. The company reported adjusted earnings of $1.12 per share and revenue of about $2.95 billion, compared with analyst estimates of 93 cents to 94 cents per share and $2.88 billion in revenue. Norwegian increased its 2026 adjusted EBITDA guidance to about $2.55 billion and its adjusted earnings-per-share forecast to about $1.70. The results also exceeded the company’s own third-quarter adjusted EBITDA guidance of $874 million: it reported $937 million. Shares rose more than 10% during Thursday’s regular session, with one report putting the move above 13% late Thursday morning. The earnings beat came as key pricing measures weakened. Net yield, which reflects revenue per passenger day, fell 6.7% in constant currency from a year earlier, while passenger ticket revenue declined 5.1% to $1.95 billion. The yield drop was smaller than the 8.9% decline reported for the same quarter a year earlier. Capacity growth and increased passenger numbers helped lift onboard revenue, which one report...