Royal Caribbean Cruises (RCL) Revenue — Quarter Ended Sep 30, 2023
Revenue increased compared to the prior quarter and rose sharply from the same quarter last year. The sequential growth was driven by higher passenger ticket and onboard revenues.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased compared to the prior quarter and rose sharply from the same quarter last year. The sequential growth was driven by higher passenger ticket and onboard revenues.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.2B
Revenue reported for this quarter.
Quarter-over-quarter
+18.1%
Change from the immediately preceding quarter.
Year-over-year
+39.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.2B
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 |
|---|---|---|
| Dec 31, 2022 | $2.6B | +165.1% |
| Mar 31, 2023 | $2.9B | +172.5% |
| Jun 30, 2023 | $3.5B | +61.3% |
| Sep 30, 2023 | $4.2B | +39.0% |
Revenue performance
Total revenue for the quarter was higher than the immediately preceding quarter, reflecting continued improvement in cruise operations.
Quarterly comparison
Revenue also exceeded the level reported for the same quarter one year earlier, with both passenger ticket and onboard revenue streams contributing to the increase.
What to watch
Monitor whether revenue growth can sustain its pace amid potential shifts in travel demand and operating costs.