Royal Caribbean Cruises Reports $14B Revenue in 2025, 51% Net Income Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2025
0mins
Source: NASDAQ.COM
- Performance Recovery: Royal Caribbean achieved nearly $14 billion in revenue for the first nine months of 2025, reflecting a 7% year-over-year increase, indicating a strong recovery momentum post-pandemic that is likely to enhance market share.
- Debt Management: Despite a substantial debt of $20.8 billion, the company reduced interest expenses by 45%, resulting in a net income of $3.5 billion in the first three quarters, a 51% annual increase, showcasing significant progress in financial management.
- Strong Market Demand: Bookings for 2026 have surpassed those of 2025 at the same time last year, indicating sustained consumer demand for cruise vacations, which has reduced the need for discounts and is expected to boost revenue and profits.
- Competitive Landscape: Although Royal Caribbean's P/E ratio stands at 20, lower than Viking's 34, its performance has outpaced Carnival and Norwegian, demonstrating its potential and appeal in the high-end market.
Analyst Views on RCL
Wall Street analysts forecast RCL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RCL is 343.87 USD with a low forecast of 290.00 USD and a high forecast of 415.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
13 Buy
4 Hold
0 Sell
Strong Buy
Current: 278.920
Low
290.00
Averages
343.87
High
415.00
Current: 278.920
Low
290.00
Averages
343.87
High
415.00
About RCL
Royal Caribbean Cruises Ltd. is a cruise company, which owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Silversea Cruises. It also has an interest in TUI Cruises GmbH, which operates the German brands TUI Cruises and Hapag-Lloyd Cruises. Its ships offer a selection of worldwide itineraries that call on approximately 1,000 destinations on all seven continents. Royal Caribbean International offers cruises and land destinations that generally feature a casual ambiance, as well as a variety of activities and entertainment venues. Celebrity Cruises offers a range of itineraries to destinations, including Alaska, Asia, Australia, Bermuda, Canada, the Caribbean, Europe, the Galapagos Islands, Hawaii, New Zealand, the Panama Canal and South America, with cruise lengths ranging from three to 14 nights. It also offers a range of private land destinations through Perfect Day at CocoCay, includes full water park, zip line course, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
