By Denny Jacob
Viking Holdings posted higher-than-expected revenue and recorded a profit in its latest quarter, boosted by consumers' steady appetite for travel and experiences on cruises.
The cruise operator swung to net income of $103.7 million, or 24 cents a share, compared to a loss of $593.8 million, or $1.39 a share, in the prior-year period.
Stripping out certain one-time items, earnings were 45 cents a share. Analysts polled by FactSet expected 37 cents a share.
Revenue rose to $1.35 billion from $1.12 billion. Analysts polled by FactSet expected $1.34 billion.
Viking attributed the top-line growth to an increase in capacity passenger cruise days as well as higher revenue per passenger cruise days compared to the same quarter in 2023.
Chief Executive Torstein Hagen said the company's core products are already 88% booked for the 2025 season.
Chief Financial Officer Leah Talactac said bookings continue to see record demand, with January representing the highest revenue booked in a month in Viking's history.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
March 11, 2025 08:08 ET (12:08 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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