Norwegian Sky, a 77,104 GT Sun-class cruise ship owned and operated by Norwegian Cruise Line, sailed on the Tagus River after departing from the cruise terminal on September 2, 2025, in Lisbon, Portugal.
Horacio Villalobos Corbis News | Getty Images
Share from Norwegian Cruise Line Holdings surged 13% on Friday after the company posted more than expected third quarter earnings and raised its outlook for the full year.
The cruise line reported third-quarter revenue of $2.95 billion, beating Wall Street expectations of $2.88 billion, according to analyst estimates from LSEG.
Net income for the period was $491 million, or $1.07 per share.
Adjusted earnings before interest, taxes, depreciation and amortization were $937 million, which exceeded Norway’s previous guidance of $874 million. Adjusted EPS was $1.12, beating prior guidance of 90 cents and beating analysts’ expectations of 94 cents, per LSEG.
Norwegian also raised its full-year guidance, citing stronger-than-expected third-quarter performance. The company now expects 2026 adjusted EBITDA of $2.55 billion and adjusted EPS of around $1.70.
The report said that company orders had “increased modestly” since the last report but remained below the optimal range.
Norwegian said it will emphasize a new marketing strategy, including the launch of a new marketing platform in January. He also said improvements such as a new water park on the private island of Great Stirrup Cay would support stronger demand.
Also on Thursday, Norwegian announced that Chief Financial Officer Mark Kempa will step down after more than 25 years at the company. Meghan Montana, currently head of strategy, will take over the role from January 1.