Royal Caribbean Cruises (RCL) Revenue — Quarter Ended Dec 31, 2023
Revenue declined from the prior quarter but rose sharply compared with the same quarter a year earlier. The sequential drop followed three consecutive quarters of growth.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue declined from the prior quarter but rose sharply compared with the same quarter a year earlier. The sequential drop followed three consecutive quarters of growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.3B
Revenue reported for this quarter.
Quarter-over-quarter
-19.9%
Change from the immediately preceding quarter.
Year-over-year
+27.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.9B
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 |
|---|---|---|
| Mar 31, 2023 | $2.9B | +172.5% |
| Jun 30, 2023 | $3.5B | +61.3% |
| Sep 30, 2023 | $4.2B | +39.0% |
| Dec 31, 2023 | $3.3B | +27.9% |
Revenue performance
Reported revenue decreased from the immediately preceding quarter, reversing the prior upward trend. On a year-over-year basis, revenue was significantly higher.
Quarterly comparison
Compared with the prior quarter, revenue was lower. Compared with the same quarter one year earlier, revenue was higher.
What to watch
The sequential decline after a sustained growth streak may warrant attention in the next quarter.