Norwegian Cruise Line Reports Robust Second Quarter Earnings for FY2023

August 17, 2023

☀️Earnings Overview

Norwegian Cruise Line ($NYSE:NCLH) released their second quarter of FY2023 earnings results on June 30 2023, with total revenue increasing by 85.8%, amounting to USD 2205.5 million, and net income more than doubling to USD 86.1 million, up 116.9% year over year.

Price History

Despite the decline in share prices, the cruise line reported significant growth in revenue and had a solid quarter overall. Norwegian Cruise Line announced a new program dedicated to developing cost-effective and sustainable fuel initiatives to reduce their environmental impact. As part of this program, the cruise line also plans to invest in regenerative energy projects, such as wind, solar, and biofuels. Norwegian Cruise Line has also continued to invest in new technologies and features for their ships, such as virtual reality, digital menus, and automated check-in/check-out processes. These changes are expected to create a more efficient and enjoyable experience for passengers while also helping the cruise line save on labor costs.

Overall, Norwegian Cruise Line demonstrated robust financial performance in the second quarter of FY2023, with growth in revenue and capacity utilization despite a decline in share prices. With the implementation of sustainable fuel initiatives and innovative technology upgrades, the cruise line is well-positioned for long-term success. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for NCLH. More…

    Total Revenues Net Income Net Margin
    7.16k -851.08 -11.9%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for NCLH. More…

    Operations Investing Financing
    1.86k -2.67k -192.52
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for NCLH. More…

    Total Assets Total Liabilities Book Value Per Share
    18.65k 18.63k 0.04
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for NCLH are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    15.4% 8.4% -2.7%
    FCF Margin ROE ROA
    -8.0% 285.3% -0.6%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we have conducted an analysis of Norwegian Cruise Line’s wellbeing. Based on our Risk Rating, we have concluded that NORWEGIAN CRUISE LINE is a medium risk investment in terms of financial and business aspects. We have detected two risk warnings in the income sheet and balance sheet, which could potentially be of concern for investors. If you would like to learn more about these potential risks, please register with us and we will provide you with more information. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    The company operates through three segments: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. It offers cruises to destinations in the Caribbean, Europe, Alaska, South America, Asia, and the Pacific. The company was founded in 1966 and is headquartered in Miami, Florida. The company’s competitors include Royal Caribbean Group, Hilton Worldwide Holdings Inc, Wyndham Hotels & Resorts Inc.

    – Royal Caribbean Group ($NYSE:RCL)

    Royal Caribbean Group is a cruise company that operates Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brands. The company has a market cap of 12.55B as of 2022 and a Return on Equity of -53.73%. Royal Caribbean Group is headquartered in Miami, Florida.

    – Hilton Worldwide Holdings Inc ($NYSE:HLT)

    Hilton Worldwide Holdings Inc is a hospitality company that owns, leases, manages, develops, and franchises hotels and resorts. It has a market cap of 35.99B as of 2022 and a Return on Equity of -148.2%. The company was founded in 1919 and is headquartered in McLean, Virginia.

    – Wyndham Hotels & Resorts Inc ($NYSE:WH)

    Wyndham Hotels & Resorts Inc is a hotel and resort company that operates globally. As of 2022, the company has a market capitalization of 6.34 billion dollars and a return on equity of 30.65%. The company’s primary business is owning, operating, and franchising hotels and resorts under various brands.


    Norwegian Cruise Line released positive second-quarter earnings results for FY2023, with total revenue up 85.8% year over year and net income up 116.9%. Despite this strong performance, the stock price moved down on the same day. Investors may be concerned about the company’s ability to sustain these high levels of growth in the medium and long-term, as well as the potential impact of the pandemic on its business.

    However, investors may also see potential to capitalize on a rebound in the industry once travel restrictions are eased and demand increases. Therefore, careful analysis of the company’s long-term prospects and current operations is recommended before investing in Norwegian Cruise Line.

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