Viking Holdings Trading Volume Drops 63.71% to 481st Position Despite Revenue Surge

On May 29, 2025, Viking Holdings (VIK) saw a trading volume of $192 million, a significant 63.71% decrease from the previous day, placing it at the 481st position in the day's stock market rankings. The stock price of Viking Holdings (VIK) increased by 0.05%.

Viking Holdings reported a narrower-than-expected loss of 24 cents per share for the first quarter of 2025, compared to the estimated loss of 26 cents per share. This loss was an improvement from the 3 cents per share loss in the first quarter of 2024. The company's total revenues for the quarter were $897.1 million, surpassing estimates by 4.49% and marking a 24.9% year-over-year increase. This revenue growth was driven by increased Capacity Passenger Cruise Days (capacity PCDs) and higher revenue per PCD in 2025 compared to 2024.

Adjusted EBITDA for the quarter was $72.8 million, a significant increase from the $77.3 million reported in the first quarter of 2024. This uptick was attributed to the increased capacity of PCDs and higher revenue per PCD. Adjusted gross margin grew by 23.8% year over year. The company's capacity PCDs improved by 14.9% year over year, thanks to the addition of two new river vessels and a new ocean ship delivered in 2024.

Torstein Hagen, chairman and CEO of Viking, highlighted the company's strong start to 2025, noting the 14.9% increase in capacity and a 7.1% growth in Net Yield. He also mentioned that 92% of the company's capacity for the 2025 season has already been booked. Viking remains focused on generating demand and delivering differentiated products through its one Viking brand, aiming for sustainable growth.

Vessel operating expenses increased by 10.2% year over year, and vessel operating expenses, excluding fuel, increased by 12.2% year over year. This increase was due to the expansion of the company's fleet in 2025 compared to 2024. As of March 31, 2025, Viking had $2.8 billion in cash and cash equivalents and an undrawn revolver facility of $375.0 million. The company's net debt was $2.9 billion.