by Lacey Pfalz
Last updated: 12:10 PM ET, Tue July 29, 2025
Royal Caribbean Group, the parent company of Royal Caribbean, Silversea, Celebrity and more, released its second quarter financial report, and while it was lower than expected, the cruise corporation is confident in better financials for the rest of the year.
The group reported an Earnings per Share (EPS) of $4.41. Total revenue reached $4.5 billion, with net income at $1.2 billion. EPS is up about a full dollar from 2024.
According to Reuters, Royal Caribbean’s stock has increased about 53 percent this year. After its second-quarter report was released with lower than predicted financials, the cruise corporation’s shares dropped 7 percent.
"Demand for our portfolio of brands and our industry-leading experiences continues to accelerate,” said Royal Caribbean Group President and CEO Jason Liberty. “Grounded in our mission to deliver the best vacations responsibly, we remain keenly focused on delivering exceptional value for our guests and shareholders - not just by executing today, but by staying ahead of where demand is going.”
Bookings remain normal compared to previous years, with higher rates for 2025 and 2026. The strong demand is the biggest reason for Royal’s growth this year, as high tariffs and the trade war have made operating costs, especially for fuel, more expensive than last year.
Like Carnival Corporation, Royal also contributes some of its success to its growing portfolio of land-based offerings.
Load factor reached 110 percent, spurred by new ships with higher capacities, such as Royal Caribbean’s Utopia of the Seas.
Many U.S. travel companies released improved full-year financial forecasts this month, and Royal is no different. Royal’s outlook is expected to improve, with Adjusted EPS of 31 percent over last year, with a range of $15.41 to $15.55. Its EPS projection for the end of year has been raised from previous projections made at the beginning of the year.
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