Royal Caribbean Cruises (RCL) Revenue — Quarter Ended Mar 31, 2024
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The growth reflects higher passenger ticket revenues and onboard spending.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The growth reflects higher passenger ticket revenues and onboard spending.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.7B
Revenue reported for this quarter.
Quarter-over-quarter
+11.9%
Change from the immediately preceding quarter.
Year-over-year
+29.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.7B
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, 2023 | $3.5B | +61.3% |
| Sep 30, 2023 | $4.2B | +39.0% |
| Dec 31, 2023 | $3.3B | +27.9% |
| Mar 31, 2024 | $3.7B | +29.2% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, continuing an upward trend. Compared to the same quarter one year earlier, revenue was also higher.
Quarterly comparison
Revenue in the current quarter exceeded the prior quarter's level and was substantially above the same quarter a year ago. The sequential and year-over-year comparisons both show improvement.
What to watch
Monitor whether the sequential revenue growth rate can be sustained in the coming quarters.