Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Operations

v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue    
Total revenue $ 2,331,221 $ 2,127,553
Cruise operating expense    
Total cruise operating expense 1,377,881 1,303,938
Other operating expense    
Marketing, general and administrative 459,681 391,376
Depreciation and amortization 260,716 231,297
Total other operating expense 720,397 622,673
Operating income 232,943 200,942
Non-operating income (expense)    
Interest expense, net (165,987) (217,872)
Other income (expense), net 40,703 (24,505)
Total non-operating income (expense) (125,284) (242,377)
Net income (loss) before income taxes 107,659 (41,435)
Income tax benefit (expense) (2,993) 1,140
Net income (loss) $ 104,666 $ (40,295)
Weighted-average shares outstanding    
Basic (in shares) 456,654,579 441,147,186
Diluted (in shares) 466,145,101 441,147,186
Earnings (loss) per share    
Basic (in dollars per share) $ 0.23 $ (0.09)
Diluted (in dollars per share) $ 0.23 $ (0.09)
Passenger ticket    
Revenue    
Total revenue $ 1,542,321 $ 1,418,684
Commissions, transportation and other    
Cruise operating expense    
Total cruise operating expense 397,605 395,343
Onboard and other    
Revenue    
Total revenue 788,900 708,869
Cruise operating expense    
Total cruise operating expense 151,868 138,858
Payroll and related    
Cruise operating expense    
Total cruise operating expense 380,216 334,504
Fuel    
Cruise operating expense    
Total cruise operating expense 168,926 175,014
Food    
Cruise operating expense    
Total cruise operating expense 80,682 75,588
Other    
Cruise operating expense    
Total cruise operating expense $ 198,584 $ 184,631