by Sarah Kuta
Last updated: 11:25 AM ET, Thu February 27, 2025
Norwegian Cruise Line Holdings beat fourth-quarter profit expectations, buoyed by higher cruise fares and continued strong demand for cruise vacations.
Norwegian reported fourth-quarter and full year 2024 results on Thursday, with chief executive officer Harry Sommer praising the company’s “exceptional financial performance.”
“2024 was marked by strategic and transformative milestones,” Sommer said. “We have laid out a solid foundation for an exciting future.”
Looking ahead to 2025 and into 2026, bookings remain strong across the company’s itineraries and brands, Norwegian Cruise Line, Regent Seven Seas Cruises and Oceania Cruises.
“As a result, the company remains at its optimal booked position on a 12-month forward basis,” according to a statement.
For the fourth quarter of 2024, the company reported net income of $254.5 million, or 52 cents a share.
Passenger-ticket revenue grew 5.7% to $1.41 billion, while onboard and other revenue increased 7.2% to $700.6 million. Overall revenue grew 6.2% to $2.11 billion.
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