NCLH Norwegian Cruise Line Holdings Ltd. - 10-Q - (2025-11-04)

NCLH Q3 2025 TL;DR

Norwegian Cruise Line Holdings Ltd. reported top-line growth for the third quarter and nine months ending September 30, 2025, despite significant profitability erosion driven by debt costs. Management certifications confirm the fairness of the unaudited quarterly report.

Financial Highlights (9M YTD): Revenue increased to \(7.58 billion (from \)7.37B in 2024), driven primarily by North America (\(4.20B), although Europe softened. Adjusted Operating Income improved to \)1.44 billion (from \(1.32B). However, Net Income plummeted to \)409 million (from $656M in 2024), resul

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