Total revenue reached USD 5.1 billion, up from USD 4.2 billion in the third quarter of 2024, driven by robust close-in demand, high occupancy levels, and record onboard spending. Net income rose to USD 1.6 billion, compared with USD 1.1 billion a year earlier, reflecting both higher yields and cost savings. Adjusted EBITDA climbed to USD 2.3 billion, highlighting strong underlying performance across all brands.

Load factors averaged 112 percent, compared to 110 percent last year, underscoring higher guest volumes and demand for premium itineraries. Net yields increased by 2.8 percent year over year, while gross margin yields improved by 3.8 percent, supported by both pricing strength and a favorable mix of destinations.

Operating costs decreased slightly compared to the same period in 2024, aided by lower fuel expenses and ongoing efficiency measures. As a result, the company raised its full-year adjusted guidance, citing continued strong booking trends for late 2025 and early 2026 sailings.

In addition to the financial update, Royal Caribbean announced plans for Royal Beach Club Santorini, a new exclusive destination scheduled to open in summer 2026. The project forms part of the company’s broader strategy to expand its network of land-based experiences alongside its fleet growth.

President and CEO Jason Liberty described the quarter as one of “exceptional performance,” emphasizing the strength of guest demand and disciplined execution across the business. With record earnings and continued momentum heading into 2026, Royal Caribbean Group said it remains confident in achieving sustained, profitable growth in the years ahead.

Full report ROYAL CARIBBEAN GROUP REPORTS THIRD QUARTER RESULTS, INCREASES FULL YEAR GUIDANCE AND ANNOUNCES A NEW EXCLUSIVE DESTINATION