Viking Holdings Narrows 1Q Loss as Cruise Demand Drives Rev Growth

Dow Jones

May 20

By Adriano Marchese

Viking Holdings narrowed its loss in the first quarter while revenue growth topped expectations as demand for cruises continues to rise.

The expedition cruises company on Tuesday posted a loss of $105.5 million, or 24 cents a share, compared with a loss of $491 million, or $1.20 a share, in the same quarter a year ago.

Last year's first quarter included a charge of $330.5 million related to the net impact of a private placement derivative loss and interest expense on Series C Preference Shares, Viking said.

Adjusted loss, which excludes one off costs and exceptional items, came to 24 cents a share. According to FactSet, analysts were expecting a wider loss of 29 cents a share.

Total revenue rose 25% to $897.1 million, topping expectations of a more modest rise to $841.2 million.

For Viking's core products, operating capacity is 12% higher for the 2025 season compared with the 2024 season and 8% higher for the 2026 season compared to the 2025 season, the company said.

"We are seeing sustained strength in demand, with 92% of our 2025 capacity already booked--effectively selling out the year, given our typical load factor," Chief Financial Officer Leah Talactac said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

May 20, 2025 07:50 ET (11:50 GMT)

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According to FactSet, analysts were expecting a wider loss of  29 cents a share.Total revenue rose 25% to $897.1 million, topping expectations of a more modest rise to $841.2 million.For Viking's core products, operating capacity is 12% higher for the 2025 season compared with the 2024 season and 8% higher for the 2026 season compared to the 2025 season, the company said.\"We are seeing sustaine","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4142":"酒店、度假村与豪华游轮","VIK":"Viking Holdings Ltd."},"translate_title":"邮轮需求推动营业额增长，维京控股第一季度亏损收窄","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VIK":1},"content_text":"By Adriano Marchese \n\n\n \n\n\n  Viking Holdings narrowed its loss in the first quarter while revenue growth topped expectations as demand for cruises continues to rise. \n\n\n  The expedition cruises company on Tuesday posted a loss of $105.5 million, or 24 cents a share, compared with a loss of $491 million, or $1.20 a share, in the same quarter a year ago. \n\n\n  Last year's first quarter included a charge of $330.5 million related to the net impact of a private placement derivative loss and interest expense on Series C Preference Shares, Viking said. \n\n\n  Adjusted loss, which excludes one off costs and exceptional items, came to 24 cents a share. According to FactSet, analysts were expecting a wider loss of  29 cents a share. \n\n\n  Total revenue rose 25% to $897.1 million, topping expectations of a more modest rise to $841.2 million. \n\n\n  For Viking's core products, operating capacity is 12% higher for the 2025 season compared with the 2024 season and 8% higher for the 2026 season compared to the 2025 season, the company said. \n\n\n  \"We are seeing sustained strength in demand, with 92% of our 2025 capacity already booked--effectively selling out the year, given our typical load factor,\" Chief Financial Officer Leah Talactac said. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 20, 2025 07:50 ET (11:50 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}