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Norwegian Cruise Line Exceeds Q4 Expectations, Warns on 2026

3/2/2026

Summary

Story summary

Norwegian Cruise Line Holdings Ltd. (NCLH) reported Q4 and full-year 2025 results that exceeded expectations, with 3.7% revenue growth to $9.8 billion, but issued a cautious 2026 profit forecast due to execution missteps in the Caribbean and Europe.
The company expects flat net yield and adjusted profit of $2.38 per share, below estimates.
Chidsey said the company will pursue operational improvements and accountability to address Caribbean capacity and infrastructure.

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Story summary

Norwegian Cruise Line Holdings Ltd. (NCLH) reported Q4 and full-year 2025 results that exceeded expectations, with 3.7% revenue growth to $9.8 billion, but issued a cautious 2026 profit forecast due to execution missteps in the Caribbean and Europe.
The company expects flat net yield and adjusted profit of $2.38 per share, below estimates.
Chidsey said the company will pursue operational improvements and accountability to address Caribbean capacity and infrastructure.