Carnival remains the largest cruise line by revenue and passenger count, and its stock sells at a low valuation. Viking has succeeded in many respects by taking the opposite approach from Carnival.
Viking Holdings Ltd. reported very good Q3 financials. The brand's itineraries continue to attract customers, underlined by continued bookings growth. Fleet growth continues to boost VIK's earnings outlook for upcoming years. Improvements in operational metrics enabled VIK to achieve high earnings growth, making capital returns very good.
VIK's third-quarter 2025 revenues benefit from increased Capacity Passenger Cruise Days (capacity PCDs), higher Occupancy and higher revenue per PCD.
| - Industry | - Sector | Torstein Hagen CEO | NYSE Exchange | BMG93A5A1010 ISIN |
| BM Country | 12,000 Employees | - Last Dividend | - Last Split | - IPO Date |
Viking Holdings Ltd is a prominent player in the passenger shipping industry, offering a variety of transport services across North America, the United Kingdom, and other international locations. With operations segmented into River and Ocean divisions, the company also ventures into the tourism sector as a tour operator, providing comprehensive travel experiences for passengers. Since its inception in 1997, Viking Holdings Ltd has established itself as a key market leader in the leisure travel and tourism industry, headquartered in Pembroke, Bermuda. By the end of 2023, the company boasts an impressive fleet of 92 ships, demonstrating a broad range of vessel types designed to cater to diverse passenger needs and experiences.
One of Viking Holdings Ltd’s primary services includes offering river cruises aboard their fleet of 81 river vessels. This collection comprises 58 Longships, designed for comfort and efficiency, 10 smaller ships based on the Longship design for more intimate travel experiences, plus 11 other river vessels catering to various passenger preferences, including the exclusive Viking Mississippi. River cruises focus on delivering an immersive experience, allowing passengers to explore multiple destinations with ease, characterized by access to a plethora of riverside cities and cultures.
The company operates 9 ocean ships, expanding its reach beyond river cruising to offer voyages across the world's oceans. Viking’s ocean cruises are designed to offer a small ship experience, focusing on cultural enrichment and accessibility to smaller ports that larger ships cannot reach. This segment emphasizes an intimate, refined, and inclusive travel experience, with itineraries that cover some of the most coveted destinations around the globe.
Viking Holdings Ltd has further diversified its portfolio with the introduction of 2 expedition ships, venturing into the niche market of expedition cruising. These ships are equipped for adventure travel, aimed at providing passengers with direct experiences of the natural world. Expeditions are guided by a knowledgeable team, ensuring passengers receive an educational and deeply personal exploration of remote and untouched destinations. It represents the confluence of comfort and adventure, tailored for those seeking profound interaction with their environment.
Beyond its shipping operations, Viking Holdings Ltd operates as a tour entrepreneur, creating and managing land tours for passengers. These tours are designed to complement their cruising experience, offering extended stays, cultural excursions, and in-depth exploration of destinations. This service reflects Viking's commitment to full-spectrum travel experiences, ensuring that passengers can explore a destination's history, culture, and landscapes both on and off their ships.