NCLH reports higher revenue but lowers 2026 yield outlook

Norwegian Cruise Line Holdings reported second-quarter 2026 revenue of $2.64 billion and GAAP net income of $223 million, or $0.48 per diluted share, while Adjusted EBITDA fell 4.1% to $666 million from a year earlier but exceeded guidance. The company expects 2026 constant-currency net yield to decline about 5% and forecasts Adjusted EPS of approximately $1.50, citing softer demand at Norwegian Cruise Line; it also identified an additional $100 million in annualized savings and ended June with $15.0 billion of debt, $1.5 billion of liquidity and 5.3x net leverage.