NYSE$VIK
Viking Holdings Ltd · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Viking Holdings Ltd reported strong Q4 2024 results with significant revenue and profitability growth.
Viking Holdings Ltd posted total revenue of $1.35 billion in Q4 2024, reflecting a 20.5% year-over-year increase driven by higher Capacity Passenger Cruise Days (PCDs) and increased revenue per PCD. The company achieved a net income of $104.2 million compared to a net loss in Q4 2023. Adjusted EBITDA surged 39.7% to $305.9 million, while diluted EPS stood at $0.24 and Adjusted EPS at $0.45. Viking also reported strong advance bookings for 2025, with 88% of Capacity PCDs already sold.
- Q4 revenue grew 20.5% to $1.35 billion, supported by increased capacity and pricing strength.
- Net income reached $104.2 million, reversing a loss of $593.8 million in Q4 2023.
- Adjusted EBITDA rose 39.7% to $305.9 million, driven by cost efficiencies and higher demand.
- Advance bookings for 2025 season reached $5.3 billion, up 26% year-over-year.
Headline financials
Revenue & EPS history
Viking Holdings Ltd · Revenue · Quarterly
$1.35B
Revenue by segment
Viking Holdings Ltd · $1.05B total across 2 segments · Q1 2026
- Cruise and land$972M—92.2%
- Onboard and other$82M—7.8%
Forward guidance
Viking Holdings expects continued revenue and profitability growth in 2025, supported by fleet expansion and high advance bookings.
Tailwinds
- Operating capacity for Core Products is set to grow by 12% in 2025.
- 88% of Capacity PCDs for 2025 have already been sold.
- Advance bookings for 2025 season are $5.3 billion, up 26% year-over-year.
- Net Yield for 2025 bookings is 7% higher than 2024.
- Company plans to take delivery of one ocean ship and ten river ships in 2025.
Headwinds
- Operating expenses are expected to increase with capacity expansion.
- Macroeconomic uncertainties may impact consumer demand for cruises.
- Higher fuel costs could weigh on margins despite revenue growth.
- Potential currency fluctuations could affect international bookings.
- Interest rate pressures may increase financing costs for new ship deliveries.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 5 quarterly earnings reports · overlaid with Q4 2024
-0.6%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+5.0%
Avg return
30 days after
29%
2 / 7 earnings
Positive
+5.0%
Q3 2025
Best reaction
-6.1%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.3% | -0.2% | +11.9% | |
| Q3 2025 | +5.0% | +9.4% | +25.7% | |
| Q2 2025 | -1.7% | +0.3% | +4.1% | |
| Q4 2024 | -6.1% | -5.5% | -8.2% | |
| Q3 2024 | -2.2% | -0.1% | -3.7% | |
| Q2 2024 | -2.2% | -2.9% | -5.5% | |
| Q1 2024 | -0.1% | +3.2% | +10.9% | |
| Q4 2023 | — | — | — | |
| Q3 2023 | — | — | — | |
| Q2 2023 | — | — | — | |
| Q1 2023 | — | — | — | |
| Q4 2022 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro