Sector: Consumer Cyclicals | Industry: Hotels, Motels & Cruise Lines |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1050 Caribbean Way MIAMI FL 33132 |
Tel: | N/A |
Website: | https://www.royalcaribbeangroup.com |
IR: | See website |
Key People | ||
Jason T. Liberty President, Chief Executive Officer, Director | Naftali Holtz Chief Financial Officer | Michael W. Bayley President and Chief Executive Officer of Royal Caribbean International |
Laura Hodges Bethge President of Celebrity Cruises | Lisa Lutoff-Perlo Vice Chair - External Affairs | Harri U. Kulovaara Executive Vice President - Maritime | R. Alexander Lake Senior Vice President, Chief Legal Officer and Secretary |
Business Overview |
Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Silversea Cruises. It also has interest in TUI Cruises GmbH, which operates the German brands TUI Cruises and Hapag-Lloyd Cruises. The Company's 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 18 nights. Silversea Cruises operates 11 ships, with an aggregate capacity of approximately 4,770 berths, including Silver Endeavour brand. |
Financial Overview |
For the three months ended 31 March 2024, Royal Caribbean Cruises Ltd revenues increased 29% to $3.73B. Net income totaled $360M vs. loss of $47.9M. Revenues reflect North America segment increase of 23% to $2.69B, Asia/Pacific segment increase of 52% to $506M. Net Income reflects Equity investment income increase of 100% to $41M (income), Dep of Fin Lease Right-of-Use Assets decrease of 48% to $3M (expense). |
Employees: | 98,200 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $56,379M as of Mar 31, 2024 |
Annual revenue (TTM): | $14,743M as of Mar 31, 2024 |
EBITDA (TTM): | $4,985M as of Mar 31, 2024 |
Net annual income (TTM): | $2,105M as of Mar 31, 2024 |
Free cash flow (TTM): | $608.02M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $20,082M as of Mar 31, 2024 |
Shares outstanding: | 257,349,196 as of Apr 22, 2024 |
Index Membership: | S&P 500 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |