Viking Holdings Earnings Call Transcripts
Fiscal Year 2026
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Strong Q1 2026 results featured 17.5% revenue growth, robust booking curves for 2026 and 2027, and a leadership transition ensuring continuity. Advanced bookings and capacity are up year-over-year, with disciplined capital allocation and continued investment in fleet and sustainability.
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The meeting confirmed quorum, reviewed financials, and approved all board and auditor proposals. All director nominees were elected, and no shareholder questions were raised during the session.
Fiscal Year 2025
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Record 2025 results with revenue up 21.9% and Adjusted EBITDA up 38.8%, driven by strong demand, capacity growth, and pricing power. 2026 bookings are robust, with 86% capacity sold and mid-single-digit yield growth expected. Egypt itineraries paused for safety, but overall outlook remains strong.
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Record Q3 results with highest net yield and adjusted EBITDA, driven by strong demand and high booking rates for 2025 and 2026. Financial position strengthened by improved leverage, robust cash, and successful refinancing, supporting continued fleet expansion and margin growth.
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Q2 2025 saw revenue up 18.5% and net income of $439M, driven by strong demand and capacity growth. Advanced bookings for 2025 and 2026 are robust, with rates and occupancy at record levels, and new itineraries in India and Egypt sold out rapidly.
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Q1 2025 saw revenue up 24.9% year-over-year, strong net yield growth, and nearly sold-out 2025 capacity. Bookings for 2026 are robust, with no need for pricing promotions, and the company remains confident in mid-single-digit yield growth and continued expansion.
Fiscal Year 2024
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2024 saw robust growth with revenue, margins, and EBITDA all rising sharply year-over-year, driven by strong demand, capacity expansion, and operational efficiency. 2025 bookings are already 88% sold, with advanced bookings up 26%, and the company maintains a strong financial position and market leadership.
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Q3 2024 saw double-digit revenue and yield growth, with net income rebounding sharply year-over-year. Bookings for 2024 and 2025 are robust, with strong pricing and capacity increases, while brand loyalty and expansion in key markets support long-term growth.
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Q2 saw strong revenue and yield growth, with nearly all 2024 and over half of 2025 capacity sold at higher rates. Adjusted EBITDA and margins improved, while net income was affected by non-cash items. Demand remains robust, with advanced bookings and pricing up year-over-year.