Short answer
Royal Caribbean Group (RCL) filed its Q1 2025 10-Q quarterly report on Apr 29, 2025 for the quarter ended Mar 31, 2025. Quarterly revenue was $4.0B (up 7.3% year over year) with net income of $730M.
Q1 2025 key financials · XBRL
- Revenue
- $4.0B
- +7.3% YoY
- Net income
- $730M
- +102.8% YoY
- Operating margin
- 23.6%
- EPS (diluted)
- $2.70
- +100.0% YoY
Source: XBRL data from the Royal Caribbean Group (RCL) Q1 2025 10-Q on SEC EDGAR. USD.
Royal Caribbean Group Q1 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $2.77B, up $271M (10.8%) YoY from higher capacity, ticket prices, onboard spending
- Net income $730M vs $360M YoY, adjusted net income $744M vs $478M YoY
- Cruise operating expenses up $23M (0.9%) YoY due to increased capacity
- TUI Cruises JV delivered new ship Mein Schiff Relax in Feb 2025
- Exchanged $213M convertible notes for 3M shares and $214M cash in Mar 2025 debt transaction
Risk Factors
- No new or materially changed risk factors disclosed this quarter, consistent with most recent 10-K filing
- Continued impact of global health crises on operations and customer demand remains a key operational risk
- Regulatory compliance risks focus on international maritime laws and environmental regulations, including emissions standards
- Competitive pressure from other cruise lines and alternative vacation options affects near-term booking volumes
- Liquidity risk monitored with $1.5B credit facility and upcoming debt maturities in 2026 requiring refinancing or cash generation
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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