NYSE$NCLH
Norwegian Cruise Line Holdings · Q1 2025 earnings
Q1 2025 earnings · · Before market open · Investor relations
Briefing
Norwegian Cruise Line reported Q1 2025 total revenue of $2.13B with a net loss of $40.3M and diluted loss per share of $0.09.
Total revenue was $2.13 billion for the quarter ended March 31, 2025, as passenger ticket and onboard revenue grew with capacity. The company posted a net loss of $40.3 million ($0.09 diluted loss per share) amid interest expense and seasonal load factors. Booking trends, fuel, and deployment mix remain outlook focuses.
- Q1 total revenue $2.13B; operating income $200.9M.
- Net loss $40.3M; diluted LPS $0.09.
- Net interest expense $217.9M weighed on bottom line.
- Yield management and new ship deliveries drive 2025 capacity.
Headline financials
Revenue & EPS history
Norwegian Cruise Line · Revenue · Quarterly
$2.13B
Forward guidance
Outlook emphasizes milestones, liquidity runway, and cost discipline.
Tailwinds
- Pipeline progress and partnership economics.
- Cash supports near-term operating plans.
Headwinds
- Operating losses until commercial scale.
- Financing and competition affect funding costs.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2025
-0.9%
Avg return
Earnings day
-1.0%
Avg return
5 days after
+0.2%
Avg return
30 days after
49%
28 / 57 earnings
Positive
+18.6%
Q3 2020
Best reaction
-15.7%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -8.6% | -9.2% | -3.3% | |
| Q4 2025 | -10.6% | -19.1% | -21.8% | |
| Q3 2025 | -15.4% | -14.0% | -15.2% | |
| Q1 2025 | -7.8% | -0.1% | +1.6% | |
| Q4 2024 | -5.3% | -15.6% | -23.6% | |
| Q3 2024 | +4.4% | +8.8% | +12.8% | |
| Q2 2024 | -6.5% | -17.4% | -3.6% | |
| Q1 2024 | -15.7% | -14.4% | -12.3% | |
| Q4 2023 | +17.4% | +21.1% | +31.4% | |
| Q3 2023 | -3.9% | -3.6% | +20.7% | |
| Q2 2023 | -15.5% | -18.7% | -24.9% | |
| Q1 2023 | +7.6% | +5.8% | +11.2% | |
| Q4 2022 | -8.2% | -1.6% | -19.6% | |
| Q3 2022 | -5.3% | +7.1% | -5.7% | |
| Q2 2022 | +0.2% | +4.7% | +5.5% | |
| Q1 2022 | -3.3% | +1.7% | -13.7% | |
| Q4 2021 | +1.9% | -4.2% | +3.0% | |
| Q3 2021 | -0.0% | +5.3% | -31.8% | |
| Q2 2021 | +2.0% | +8.6% | +1.8% | |
| Q1 2021 | -4.6% | -7.3% | +7.6% | |
| Q4 2020 | -5.5% | -0.3% | -14.2% | |
| Q3 2020 | +18.6% | +18.2% | +60.6% | |
| Q2 2020 | +2.0% | +14.0% | +34.3% | |
| Q1 2020 | +5.9% | +20.6% | +98.8% | |
| Q4 2019 | -9.7% | -24.4% | -83.2% | |
| Q3 2019 | -0.5% | -1.5% | +5.1% | |
| Q2 2019 | +4.2% | +5.9% | +9.4% | |
| Q1 2019 | +1.0% | -1.8% | -8.3% | |
| Q4 2018 | +3.1% | +3.5% | +3.6% | |
| Q3 2018 | +1.6% | +3.1% | -0.9% | |
| Q2 2018 | +3.4% | +6.3% | +9.1% | |
| Q1 2018 | -5.1% | -6.6% | -1.3% | |
| Q4 2017 | -1.4% | -4.2% | -12.5% | |
| Q3 2017 | -0.6% | -0.8% | -1.0% | |
| Q2 2017 | +3.0% | +0.2% | -1.4% | |
| Q1 2017 | -5.1% | -7.7% | -8.3% | |
| Q4 2016 | +5.1% | +5.3% | +4.7% | |
| Q3 2016 | -3.0% | +5.6% | +13.7% | |
| Q2 2016 | -13.2% | -10.5% | -19.9% | |
| Q1 2016 | -5.2% | — | — | |
| Q4 2015 | +8.7% | — | — | |
| Q3 2015 | -7.6% | — | — | |
| Q2 2015 | -1.3% | — | — | |
| Q1 2015 | +11.1% | — | — | |
| Q4 2014 | +6.9% | — | — | |
| Q3 2014 | +6.1% | — | — | |
| Q2 2014 | +3.5% | — | — | |
| Q1 2014 | +3.5% | — | — | |
| Q4 2011 | +0.9% | — | — | |
| Q4 2013 | -5.2% | — | — | |
| Q3 2012 | +0.5% | — | — | |
| Q3 2013 | -0.6% | — | — | |
| Q2 2012 | +0.2% | — | — | |
| Q2 2013 | -3.9% | — | — | |
| Q1 2012 | +0.2% | — | — | |
| Q1 2013 | +0.4% | — | — | |
| Q4 2012 | +1.5% | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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