This global cruise line company reported revenue of $7.9 billion in the third quarter (an increase of $1 billion from the third quarter of 2023), with adjusted EBITDA reaching $2.8 billion (up $0.6 billion), setting multiple revenue records.
Supported by changing consumer preferences, the company has successfully implemented a revenue optimization strategy, leading to a 6.7% increase in onboard spending compared to the previous year.
The company plans to announce multiple growth initiatives within the next 12 months, including private destination islands to compete with other global cruise ships.
The total revenue of the Alpha Picks portfolio has continued to exceed +147% compared to +51% of the S&P 500, with 8 Alpha Picks stocks rising more than 100% since their addition.