Viking Q1 Loss Narrower-Than-Expected, Revenues Beat Estimates

Viking Holdings (VIK) incurred a loss of 24 cents per share in the first quarter of 2025 compared with the Zacks Consensus Estimate of a loss of 26 cents per share. Loss per share was 3 cents in the first quarter of 2024.Total revenues of $897.1 million surpassed the Zacks Consensus Estimate by 4.49% and improved 24.9% on a year-over-year basis. The upside was driven by increased Capacity Passenger Cruise Days (capacity PCDs) and higher revenue per PCD in 2025 compared to 2024.Viking Holdings Ltd. Price, Consensus and EPS Surprise Viking Holdings Ltd. price-consensus-eps-surprise-chart | Viking Holdings Ltd. QuoteAdjusted EBITDA was $72.8 million, an increase of $77.3 million from the first quarter of 2024. The uptick in adjusted EBITDA was owing to the increased capacity of PCDs and higher revenue per PCD. Adjusted gross margin grew 23.8% from the year-ago quarter.During the first quarter of 2025, capacity PCDs improved 14.9% year over year owing to the addition of two new river vessels and a new ocean ship delivered in 2024.Torstein Hagen, chairman and chief executive officer of Viking, stated, "Viking is off to a remarkable start in 2025, with our first quarter financial performance underscoring the continued momentum in our business. During the quarter, we increased capacity by 14.9% and simultaneously delivered a 7.1% growth in Net Yield – clear indicators of the robust demand for meaningful and enriching travel experiences among our core demographic. We are also delighted to have already booked 92% of our capacity for the 2025 season. Looking ahead, we remain firmly focused on generating demand and delivering best-in-class differentiated products through our one Viking brand, which will advance our long-term strategy of thoughtful, sustainable growth."Vessel operating expenses increased 10.2% year over year, and vessel operating expenses, excluding fuel, increased 12.2% year over year, owing to the increase in the size of the company's fleet in 2025 compared to 2024.VIK’s first-quarter results reflect the seasonality of its business. While VIK’s ocean, expedition and Mississippi products operate year-round, the primary cruising season for VIK’s river product is from April to October.As of March 31, 2025, VIK had $2.8 billion in cash and cash equivalents and an undrawn revolver facility of $375.0 million. The company’s net debt was $2.9 billion.VIK’s Zacks RankCurrently, VIK carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Q1 Performance of Some Other Stocks Belonging to VIK’s IndustryNorwegian Cruise Line Holdings Ltd.NCLH reported first-quarter 2025 results, with earnings and revenues missing the Zacks Consensus Estimate. Both top and bottom lines decreased on a year-over-year basis.Results in the quarter were hurt by a 2% decline in Capacity Days, stemming from a higher number of Berths out of service due to larger ships undergoing dry-dock, as well as a strategic move to reduce passenger air participation rates. For 2025, Norwegian Cruise anticipates occupancy to be approximately 102.5% compared with the prior guidance of 103.4% and Capacity Days to be about 24.545 million.Caesars Entertainment, Inc.CZR reported mixed first-quarter 2025 results, with earnings missing the Zacks Consensus Estimate and revenues surpassing the same. Nonetheless, both top and bottom lines improved on a year-over-year basis.Caesars Entertainment’s first-quarter performance was driven by record results in the Digital segment. Growth in the regional segment, supported by recently opened properties, and solid performance in Las Vegas, despite a tough comparison to last year’s Super Bowl period, also aided the quarter’s performance.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Caesars Entertainment, Inc. (CZR): Free Stock Analysis Report Norwegian Cruise Line Holdings Ltd. (NCLH): Free Stock Analysis Report Viking Holdings Ltd. (VIK): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks