NYSE$NCLH

Norwegian Cruise Line Holdings · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Norwegian Cruise Line Holdings reported strong financial results, surpassing guidance and raising full-year expectations.

Norwegian Cruise Line Holdings reported record revenue, net income, and Adjusted EBITDA for Q3 2024, exceeding guidance across all key metrics. Strong demand and cost control led to an increased full-year guidance for the fourth time, projecting 2024 as the best year for revenue, Net Yield growth, and Adjusted EBITDA.

  • Third quarter revenue increased by approximately 11% over the prior year, setting a record for quarterly revenue.
  • The company beat third quarter guidance across all key metrics.
  • Full year guidance was raised for the fourth time.
  • Occupancy was 108.1% for the third quarter of 2024, in line with guidance.

Headline financials

Total Revenue

$2.81B

Previous: $2.54B+10.7%
EPS

$0.95

Previous: $0.76+25.0%
Adjusted EBITDA

$931M

No prior period
Occupancy Percentage

108.1%

No prior period
Adj Net Cruise Cost Excl Fuel

$154.84

No prior period
Fuel Expense

$165M

No prior period
Passengers Carried

812.5K

No prior period
Capacity Days

6.0M

No prior period
Capital Expenditures

-$968M

Previous: -$2.1B+54.0%
Free Cash Flow

-$493M

Previous: -$1.76B+72.0%
Net Income

$475M

Previous: $346M+37.3%
Operating Income

$691M

Previous: $523M+32.1%
Gross Profit

$1.27B

Previous: $1.05B+20.4%
Cash & Equivalents

$333M

Previous: $682M-51.2%
Total Assets

$19.8B

Previous: $19.3B+2.8%
Stock-Based Comp

$20.6M

Previous: $23.6M-12.4%

Revenue & EPS history

Norwegian Cruise Line · Revenue · Quarterly

$2.81B

Q3 2024+10.7%vs Q3 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

The Company also provided guidance for the fourth quarter and full year 2024, along with accompanying sensitivities.

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 Q3 2024

Historical avgQ3 2024

-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

Earnings price reactions
QuarterReport dateReaction (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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