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Viking Holdings Ltd
NYSE:VIK

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Viking Holdings Ltd
NYSE:VIK
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Price: 73.6 USD -0.65% Market Closed
Market Cap: 32.6B USD

Viking Holdings Ltd
Investor Relations

Viking Holdings Ltd. stands as a beacon of diversified interests, ingeniously weaving its way through various sectors to build a formidable portfolio. The company is structured in such a way that its strategic investments and operational businesses span across a myriad of industries, each contributing to its robust revenue stream. From logistics and shipping, where it engineers efficient routes and services across global trade lanes, to energy solutions, where it pioneers in providing sustainable power options, Viking Holdings has meticulously crafted a network of businesses that work in concert. As it delves into real estate, too, the firm smartly transforms underutilized assets into profitable ventures, consistently generating value for stakeholders.

This multifaceted corporation thrives on a shrewd strategy—identifying key growth sectors and leveraging its resources to carve out significant market presence. Profits flow through a finely-tuned mechanism of strategic acquisitions, optimization of operational efficiencies, and robust market positioning. Through its subsidiaries, Viking Holdings implements a disciplined approach in capital expenditure and taps into innovative technologies to bolster productivity and quality of service. Moreover, it capitalizes on its reputation and industry insights to forge partnerships that further reinforce its market clout. In essence, Viking Holdings Ltd. adeptly balances its risk and reward, ensuring a sustainable financial trajectory powered by its diverse and dynamic business model.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 19, 2025
AI Summary
Q3 2025

Record Results: Viking reported its highest ever net yield of $617 and record adjusted EBITDA of $704 million, with strong year-over-year growth across key financials.

Booking Strength: As of early November, 96% of 2025 capacity and 70% of 2026 capacity were already booked, with advanced bookings up significantly versus prior periods.

Margin Expansion: Adjusted gross margin rose 21.4% year-over-year, reaching 52.8% margin, supported by both higher capacity and net yields.

Pricing Power: Average rates for 2026 bookings are up 5.5% over 2025 at the same stage, reflecting strong demand and customer willingness to pay premium prices.

Capacity Growth: Viking's fleet reached 103 ships, with further ship deliveries and options planned to meet growing demand in both river and ocean segments.

Financial Flexibility: Net leverage improved to 1.6x, Moody's upgraded Viking's credit rating, and the company upsized its revolver to $1 billion, supporting future growth opportunities.

Brand Loyalty: Repeat guests comprised 53% in 2024, with many booking multiple future voyages, driving stable demand.

Key Financials
Net Yield
$617
Adjusted EBITDA
$704 million
Adjusted EBITDA Margin
52.8%
Net Income
$514 million
Adjusted EPS
$1.20
Cash and Cash Equivalents
$3 billion
Net Debt
$2.8 billion
Net Leverage Ratio
1.6x
Ocean Segment Net Yield
$591
Ocean Segment Occupancy
95.4%
River Segment Net Yield
$589
River Segment Occupancy
96%
Advanced Bookings (2025)
$5.6 billion
Advanced Bookings (2026)
$4.9 billion
2025 Core Product Capacity Sold
96%
2026 Core Product Capacity Booked
70%
Repeat Guest Percentage (2024)
53%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Torstein Hagen
Founder, Chairman & CEO
No Bio Available
Ms. Leah Talactac
Chief Financial Officer
No Bio Available
Mr. Anton Hofmann
Executive Vice President of Group Operations
No Bio Available
Mr. Richard Marnell
Executive Vice President of Marketing
No Bio Available
Mr. Milton Hugh
Executive Vice President of Sales
No Bio Available
Ms. Linh Banh
Executive Vice President of Finance
No Bio Available
Mr. Jeff Dash
Executive VP & Head of Business Development
No Bio Available
Mr. Karine Hagen
Executive Vice President of Product
No Bio Available

Contacts

Address
CALIFORNIA
Woodland Hills
5700 Canoga Avenue, Suite 200
Contacts
+18182271234