Royal Caribbean Cruises (RCL) Revenue — Quarter Ended Sep 30, 2024
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The company reported higher passenger ticket revenues and onboard and other revenues.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased in the current quarter compared to both the prior quarter and 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
$4.9B
Revenue reported for this quarter.
Quarter-over-quarter
+18.9%
Change from the immediately preceding quarter.
Year-over-year
+17.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.1B
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, 2023 | $3.3B | +27.9% |
| Mar 31, 2024 | $3.7B | +29.2% |
| Jun 30, 2024 | $4.1B | +16.7% |
| Sep 30, 2024 | $4.9B | +17.5% |
Revenue performance
Total revenue rose from the immediately preceding quarter, driven by growth in both passenger ticket and onboard and other revenue streams.
Quarterly comparison
Compared to the same quarter one year earlier, total revenue was higher, with passenger ticket revenues and onboard and other revenues each showing an increase. The trailing twelve-month revenue also exceeded the prior year's level.
What to watch
Interest expense increased notably in the current quarter compared to the same quarter last year.