NYSE$RCL
Royal Caribbean Cruises Ltd · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Royal Caribbean's financial performance was impacted by the COVID-19 pandemic, resulting in a net loss for Q1 2021. However, the company is optimistic about the future with the gradual resumption of cruise operations and improving cash flow.
Royal Caribbean Group reported a US GAAP Net Loss of $(1.1) billion or $(4.66) per share for the first quarter of 2021. The company's operations were heavily impacted by the COVID-19 pandemic, but they are seeing positive booking activity for the second half of 2021 and the first half of 2022.
- Announced new itineraries for eleven additional ships from the Caribbean and Europe this summer.
- Constructive dialogues with the CDC about resuming cruising in the U.S.
- Average monthly cash burn rate for the first quarter of 2021 was approximately $300 million.
- Booking activity for the second half of 2021 is aligned with the Company’s anticipated resumption of cruising.
Headline financials
Revenue & EPS history
Royal Caribbean · Revenue · Quarterly
$42M
Revenue by segment
Royal Caribbean · $42M total across 2 segments · Q1 2021
- Onboard and other revenues$21.2M-96.8%50.4%
- Passenger ticket revenues$20.8M-98.5%49.6%
Forward guidance
The Company expects to incur a net loss on both a US GAAP and adjusted basis for its second quarter and the 2021 fiscal year, the extent of which will depend on many factors including the timing and extent of the return to service.
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 2021
+2.4%
Avg return
Earnings day
+3.2%
Avg return
5 days after
+6.0%
Avg return
30 days after
69%
48 / 70 earnings
Positive
+18.8%
Q4 2025
Best reaction
-12.6%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.6% | +3.9% | +12.0% | |
| Q4 2025 | +18.8% | +11.9% | +6.6% | |
| Q3 2025 | -8.2% | -10.4% | -17.0% | |
| Q2 2025 | -5.0% | -10.7% | +3.9% | |
| Q1 2025 | +0.1% | +6.3% | +17.6% | |
| Q4 2024 | +12.0% | +12.6% | +0.6% | |
| Q3 2024 | +2.4% | -0.7% | +18.7% | |
| Q2 2024 | -6.7% | -4.6% | -0.9% | |
| Q1 2024 | +2.8% | +2.1% | +8.6% | |
| Q4 2023 | -3.2% | -5.4% | -2.5% | |
| Q3 2023 | +0.7% | +3.1% | +27.0% | |
| Q2 2023 | +7.6% | +6.5% | -1.1% | |
| Q1 2023 | +12.7% | +14.7% | +28.5% | |
| Q4 2022 | +7.8% | +3.7% | -1.2% | |
| Q3 2022 | +10.1% | +9.4% | +21.8% | |
| Q2 2022 | +10.9% | +5.0% | +21.2% | |
| Q1 2022 | -10.2% | -21.7% | -27.6% | |
| Q4 2021 | +3.3% | +11.0% | -12.3% | |
| Q3 2021 | +4.8% | +6.6% | -19.3% | |
| Q2 2021 | +4.8% | +3.9% | +6.6% | |
| Q1 2021 | -0.6% | -4.0% | +6.6% | |
| Q4 2020 | +14.2% | +18.3% | +3.4% | |
| Q3 2020 | +6.2% | +8.4% | +53.4% | |
| Q2 2020 | +12.6% | +16.1% | +34.6% | |
| Q1 2020 | +2.8% | +2.3% | +31.1% | |
| Q4 2019 | +1.6% | -4.2% | -43.5% | |
| Q3 2019 | -3.9% | +0.0% | +6.0% | |
| Q2 2019 | -1.2% | +0.6% | -11.1% | |
| Q1 2019 | +4.0% | +6.8% | +0.7% | |
| Q4 2018 | +7.1% | +6.2% | +6.2% | |
| Q3 2018 | -3.6% | -4.8% | +3.1% | |
| Q2 2018 | +2.2% | +2.0% | +11.4% | |
| Q1 2018 | -5.6% | -7.5% | -7.3% | |
| Q4 2017 | +3.7% | +5.9% | +2.3% | |
| Q3 2017 | +2.9% | -0.9% | -1.0% | |
| Q2 2017 | +3.8% | +5.9% | +10.1% | |
| Q1 2017 | +7.9% | +7.6% | +10.5% | |
| Q4 2016 | +7.9% | +6.8% | +9.7% | |
| Q3 2016 | +13.0% | +10.3% | +22.0% | |
| Q2 2016 | -4.3% | +3.6% | +1.2% | |
| Q1 2016 | +3.6% | — | — | |
| Q4 2015 | -12.6% | — | — | |
| Q3 2015 | +4.3% | — | — | |
| Q2 2015 | +9.5% | — | — | |
| Q1 2015 | -6.5% | — | — | |
| Q4 2014 | -7.6% | — | — | |
| Q3 2014 | +1.8% | — | — | |
| Q2 2014 | +12.1% | — | — | |
| Q1 2014 | -2.4% | — | — | |
| Q4 2013 | +5.4% | — | — | |
| Q3 2013 | +9.4% | — | — | |
| Q2 2013 | +1.9% | — | — | |
| Q1 2013 | +4.8% | — | — | |
| Q4 2012 | -2.5% | — | — | |
| Q3 2012 | +7.8% | — | — | |
| Q2 2012 | +1.3% | — | — | |
| Q1 2012 | -9.8% | — | — | |
| Q4 2011 | +0.5% | — | — | |
| Q3 2011 | -10.3% | — | — | |
| Q2 2011 | -5.8% | — | — | |
| Q1 2011 | -3.3% | — | — | |
| Q4 2010 | +2.0% | — | — | |
| Q4 2008 | +2.0% | — | — | |
| Q3 2009 | -0.6% | — | — | |
| Q3 2010 | -0.6% | — | — | |
| Q2 2010 | +6.2% | — | — | |
| Q2 2009 | +6.2% | — | — | |
| Q4 2009 | +3.8% | — | — | |
| Q1 2009 | +3.8% | — | — | |
| Q1 2010 | +3.8% | — | — |
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