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Viking Cruises Beats Revenue Expectations
19 Aug
Summary
- Viking reported Q2 CY2026 revenue of $2.19 billion, exceeding estimates.
- The company's non-GAAP profit per share of $1.31 surpassed analyst consensus.
- Viking operates a fleet of 96 small luxury vessels across continents.
Viking (NYSE:VIK) has announced its financial results for the second quarter of CY2026. The luxury cruise operator reported revenue of $2.19 billion, which exceeded analyst expectations and marked a 16.5% year-on-year increase.
The company's non-GAAP profit per share also came in above estimates at $1.31, beating the consensus by 5.4%. Adjusted EBITDA reached $748.4 million, with a 34.2% margin. Viking, which operates a global fleet of 96 small luxury vessels, saw its operating margin remain steady at 29.4% compared to the previous year.
Despite this strong quarterly performance, Viking's annualized revenue growth rate over the last two years was noted as 18.9%. Analysts project revenue growth of 16.4% over the next twelve months. The company's free cash flow for the quarter was -$346.7 million.
