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The cruise line company posted earnings of $0.30, $0.04 better than the analyst estimate of $0.26, while revenue for the quarter came in at $2.2 billion, up 33% compared to Q2 2019 and above the consensus estimate of $2.16 billion. Q2 2022, revenue was $1.19 billion.
At the time of writing, NCLH shares are down more than 7% at $20.49 in premarket trading.
Revenue represented a record for the company. NCLH said its cumulative booked position for the remainder of 2023 continues to be at record levels and at higher pricing, while advanced ticket sales balance increased versus the prior quarter reaching a record $3.5B.
Total revenue per passenger cruise day increased approximately 15% compared to the same period in 2019.
“We are pleased to report strong second-quarter results, in which we met or exceeded guidance on all key metrics, allowing us to improve our full-year outlook for Adjusted EBITDA and Adjusted EPS,” said Harry Sommer, president and chief executive officer of NCLH.
The cruise line company and industry, in general, is experiencing strong demand, which Sommer said is also evident in NCLH’s forward booked position.
Looking ahead, third-quarter adjusted EBITDA is seen at around $730M.
