Cruise operator Viking Holdings beats Q2 revenue estimates, helped by bigger fleet

Viking Holdings

19/08/2026 12:21

Overview
Cruise operator's Q2 revenue rose 16.5% yr/yr, beating analyst expectations
Adjusted EBITDA for Q2 rose 18.2% and beat analyst expectations
Company attributes growth to increased fleet size and higher revenue per cruise day

Outlook
Viking has sold 96% of 2026 Core Products capacity and 53% for 2027 as of Aug 9
Company advance bookings for 2026 season are $6.39 bln, up 13% from 2025 at same point
Advance bookings for 2027 season are $4.71 bln, 21% higher than 2026 at same point

Result Drivers
FLEET EXPANSION - Co said revenue growth was mainly driven by increased Capacity Passenger Cruise Days from fleet growth
HIGHER REVENUE PER CRUISE DAY - Co said higher revenue per Capacity Passenger Cruise Day contributed to Q2 revenue growth
NEW LAND EXTENSIONS AND SHORE EXCURSIONS - Co said introduction of new land extensions and shore excursions generated additional revenue opportunities

Company press release: ID:nBw4nD3wba

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$2.19 bln
$2.14 bln (14 Analysts)
Q2 Adjusted EPS
 
$1.31
 
Q2 EPS
 
$1.31
 
Q2 Net Income
 
$587.70 mln
 
Q2 Adjusted EBITDA
Beat
$748.40 mln
$722.67 mln (14 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the leisure & recreation peer group is "buy"
Wall Street's median 12-month price target for Viking Holdings Ltd is $108.00, about 9.9% above its August 18 closing price of $98.29
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 23 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)