Royal Caribbean beats on Q3, raises full-year outlook
The move
Royal Caribbean Group, where Eyal Ofer has served as a director since 1995, reported third-quarter 2026 revenue of $5.591 billion, up 9% from $5.139 billion a year earlier. Adjusted diluted EPS was $6.57, above the $5.75 reported a year earlier and ahead of the company's own guidance. The company raised its full-year 2026 adjusted EPS guidance to $17.85-$17.95. Chairman and CEO Jason Liberty said "demand for our leading vacation experiences remains strong." Shares rose 5.5% on Oct. 27.
Why it matters
A guidance raise this late in the year shows booking strength holding up into the fourth quarter, not just beating an easy prior estimate.
The bear case
Cruise bookings are sensitive to fuel costs and currency swings, both of which the company flagged as factors in its own updated guidance.
What to watch
Royal Caribbean's fourth-quarter adjusted EPS, guided at $3.48 to $3.58.