Royal Caribbean Cruises (RCL) Revenue — Quarter Ended Mar 31, 2023
Revenue increased compared to the prior quarter and rose sharply versus the same quarter last year. The company reported higher passenger ticket revenues and onboard and other revenues.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased compared to the prior quarter and rose sharply versus the same quarter last year. The company reported higher passenger ticket revenues and onboard and other revenues.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.9B
Revenue reported for this quarter.
Quarter-over-quarter
+10.9%
Change from the immediately preceding quarter.
Year-over-year
+172.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $2.2B | +4190.1% |
| Sep 30, 2022 | $3B | +555.0% |
| Dec 31, 2022 | $2.6B | +165.1% |
| Mar 31, 2023 | $2.9B | +172.5% |
Revenue performance
Total revenue for the quarter was higher than the immediately preceding quarter, continuing an upward trend. The year-over-year comparison shows a substantial increase from the same period one year earlier.
Quarterly comparison
Compared to the prior quarter, revenue improved. Relative to the same quarter a year ago, revenue was significantly higher, reflecting a strong recovery in both ticket and onboard spending.
What to watch
The company reported an operating income this quarter versus an operating loss in the same quarter last year.