Viking Holdings Ltd reported robust financial results for the third quarter ended September 30, 2024, with total revenue reaching $1,678.7 million, an increase of 11.4% compared to the same period in 2023. This growth was primarily driven by higher revenue per Passenger Cruise Day (PCD) in 2024.
The company achieved a net income of $374.8 million for Q3 2024, a substantial improvement from a net loss of $1,238.2 million in the prior year's third quarter. Diluted Earnings Per Share (EPS) stood at $0.86, and Adjusted EPS was $0.89, reflecting strong profitability.
Operational metrics also showed strength, with Capacity PCDs increasing by 1.9% and Occupancy at 94.0% for the quarter. Net Yield rose by 11.0% year-over-year to $576. Advance bookings for the 2024 season reached $4,633 million, up 14% from 2023, with 95% of capacity sold. For the 2025 season, advance bookings were $4,329 million, a 26% increase over 2024 at the same point, with 70% of capacity already sold at a 7% higher rate per PCD.
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