Norwegian Cruise Line Holdings Ltd. reported strong financial results for the third quarter ended September 30, 2024. Total revenue increased approximately 11% over the prior year, setting a new record for a single quarter. The company surpassed its guidance across all key metrics, including net income and Adjusted EBITDA.
Adjusted EBITDA for Q3 2024 was $453.1 million, and Adjusted EPS was $0.07. Occupancy for the quarter reached 108.1%, in line with guidance. The company's advance ticket sales balance, including the long-term portion, ended the quarter at a record high of $3.3 billion, an increase of approximately 6% compared to the same period in 2023.
NCLH raised its full-year 2024 guidance for the fourth time, projecting Adjusted EBITDA to be $225 million above its initial guidance, growing 30% year-over-year, and Adjusted EPS to grow approximately 136% year-over-year. Net Leverage improved by approximately 1.75 turns from December 31, 2023, ending Q3 2024 at 5.58x, reflecting progress in balance sheet optimization.
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