Norwegian Cruise Line Holdings Ltd. (NCLH)

NCLH's stock price has increased by 54.90% over the past six months and 21.06% between October 7, 2024, and October 3, 2025. However, the stock experienced a fall of -3.03% in the past week and -1.78% in the past month as of early October 2025. In the second quarter of 2025, NCLH reported earnings of $0.51 per share, falling short of expectations, but revenue increased by 6.1% year-over-year to $2.52 billion. Analysts anticipate NCLH to post 1.48 earnings per share for the current year, and Truist Securities raised its price target on NCLH to $31.00 from $27.00 in September 2025. The next earnings report is projected for October 29, 2025.

Demand for NCLH's cruises is measured in revenue terms, considering passengers carried and average per diems. Before the pandemic, cruise companies experienced net pricing growth of 3-5% annually. The cruise industry has a high rate of repeat customers, with 45-60% of NCLH's brand customers being repeat cruisers, and satisfaction rates above 90%. While the fourth quarter is seasonally weaker, the company anticipates positive demand drivers like the Great Tides water park opening in the summer of 2026, with full benefits expected from Q4 2026 and throughout 2027. NCLH was approximately 65% booked for the subsequent 12-month period, with higher booking rates for closer-in dates.

Norwegian Cruise Line Holdings Ltd. (NCLH) operates in the Consumer Services sector, providing cruise travel services with itineraries ranging from one to three weeks. The company's core business model focuses on delivering diverse cruise experiences and maximizing revenue through ticket sales, onboard spending, and ancillary services. NCLH offers accommodations, dining venues, spa services, casinos, retail shopping areas, and entertainment options, as well as shore excursions, air transportation, and hotel packages. Norwegian Cruise Line is known for its "Freestyle Cruising" concept, Oceania Cruises specializes in upscale experiences, and Regent Seven Seas Cruises provides an all-inclusive luxury experience.

NCLH offers cruises to over 700 destinations worldwide, including North America, Central America, Bermuda, the Caribbean, Europe, Africa, Asia, Australia, New Zealand, and South America. North America accounts for 58.5% of net sales, Europe for 32.2%, and Asia/Pacific for 6.2%, with other regions making up 3.1%.

Norwegian Cruise Line Holdings Ltd. has focused on enhancing guest loyalty and experience, launching the "Loyalty Status Honoring Program" across its three brands in September 2025. This program allows guests to have their loyalty status recognized at a corresponding tier across any of the three brands for sailings departing on or after October 15, 2025, aiming to encourage brand exploration, strengthen guest loyalty, and elevate the overall guest experience.

Norwegian Cruise Line Holdings Ltd. is primarily owned by institutional shareholders, who hold 78.39% of the company's stock, while insiders own 9.83%, and retail investors account for 11.78%. Major institutional owners include Vanguard Group Inc., Capital International Investors, BlackRock Inc., and State Street Corp. Tpg Group Holdings Sbs Advisors Inc is the largest individual shareholder, holding 19.24 million shares, representing 4.26% of the company.