Norwegian Cruise Line Holdings (NCLH) has posted full-year record revenue of $9.5 billion for 2024.
The parent company to Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises achieved 11% growth on its 2023 performance with 3% capacity growth.
The adjusted Ebitda, a measure of a company’s profit, for the year grew 32% year on year to $2.45 billion, another record for the company.
Net yield growth also reached all-time high levels, rising by 9.9% compared to 2023.
NCLH also revealed record fourth quarter revenue of $2.4 billion, marking a 6% year-on-year increase.
The company also expects 2025 adjusted Ebitda to be up 11% on 2024, reaching $2.75 billion in its estimates.
President and chief executive officer Harry Sommer said 2024 marked “strategic and transformative milestones” for the company which “laid out a solid foundation for an exciting future”.
He added: “These achievements, driven by the dedication of our over 41,000 team members both shoreside and shipboard, led to exceptional financial performance with record revenue, net yield growth, and adjusted Ebitda, enabling us to further strengthen our balance sheet and reduce our net leverage two full turns.”
Sommer said “disciplined cost management” and “capitalising on strong demand” led him to feel “confident” in achieving 2026 targets.
Pictured: Norwegian Aqua