Overview

* Norwegian Q3 revenue rises 5% yr/yr to $2.9 bln, misses analyst expectations

* Adjusted EPS for Q3 beats analyst expectations, rising 17% yr/yr

* Company reduces shares outstanding by 7.5%, strengthens capital structure

Outlook

* Norwegian raises 2025 full-year adjusted EPS guidance to $2.10 from $2.05

* Company maintains 2025 adjusted EBITDA guidance at approximately $2.72 bln

* Norwegian expects 2025 net yield to increase 2.4-2.5% on a constant currency basis

Result Drivers

* CAPACITY DAYS AND DEMAND - Record revenue driven by higher Capacity Days and strong demand, partially offset by lower air program participation

* CAPITAL STRUCTURE - Strategic capital market transactions reduced shares outstanding by 7.5%, strengthening capital structure

* LOYALTY PROGRAM - Launched loyalty status honoring program across all three cruise brands

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $2.94 $3.01

Revenue bln bln (15

Analysts

)

Q3 Beat $1.20 $1.15

Adjusted (16

EPS Analysts

)

Q3 EPS $0.86

Q3 Net $419.29

Income mln

Q3 $1.55

Cruise bln

Operatin

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the hotels, motels & cruise lines peer group is "buy"

* Wall Street's median 12-month price target for Norwegian Cruise Line Holdings Ltd ( NCLH ) is $29.95, about 25.9% above its November 3 closing price of $22.18

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)