From GlobeNewswire: 2025-02-27 06:30:00

Norwegian Cruise Line Holdings reported a record revenue of $9.5 billion in 2024, an 11% increase from 2023. Adjusted EBITDA grew to $2.45 billion, with net income reaching $910.3 million. The company’s net leverage improved to 5.3x. 2025 guidance includes an 11% increase in Adjusted EBITDA to $2.72 billion. The company remains committed to achieving its 2026 financial targets.

In the fourth quarter of 2024, Norwegian Cruise Line generated record revenue of $2.1 billion, a 6% increase from the same period in 2023. GAAP net income reached $254.5 million, with EPS at $0.52. Strong demand and cost efficiencies drove performance, with Adjusted EBITDA growing to $468.2 million, exceeding guidance.

The company reported strong demand for its offerings, with occupancy reaching 100.8% in the fourth quarter and approximately 104.9% for the full year 2024. Advance ticket sales balance stood at $3.2 billion. Liquidity at year-end was $2.0 billion, with net debt improving to $12.9 billion. S&P and Moody’s upgraded the company’s credit ratings.

Norwegian Cruise Line announced a transformative newbuild program, unveiling plans for eight state-of-the-art vessels and the construction of a multi-ship pier at Great Stirrup Cay. The company also appointed a new Chief Luxury Officer and named Eric Stonestreet as its brand ambassador for a new advertising campaign.

In 2024, Norwegian Cruise Line saw significant financial growth, with Adjusted ROIC reaching 10.9%, a 320 basis point improvement from the previous year. The company’s strong performance and strategic milestones have set a solid foundation for future growth and achieving its 2026 targets. The company remains confident in its ability to optimize its balance sheet and reduce leverage while supporting its growth trajectory.



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