Norwegian Cruise Line Holdings Ltd

NCLH: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Norwegian Earnings: Consumer Angst Starts to Float Into Forward Bookings, Agitating Investor Concern

Jaime M Katz

Apr 30, 2025

Sales of $2.1 billion supported by 0.6% as-reported yield growth and adjusted EPS of $0.07 were largely in line with Norwegian's guidance for the seasonally small first quarter. An operational EBITDA margin of 28.5% (flat) keeps the firm on track for a 37% rate for fiscal 2025 (up 150 basis points).

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Norwegian Cruise Line Holdings Ltd

Norwegian Earnings: Consumer Angst Starts to Float Into Forward Bookings, Agitating Investor Concern

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