Blake Vanyar
Vice President of Investor Relations
Replay available
Royal Caribbean Cruises Ltd. (NYSE: RCL) Q2 2025 earnings conference call, held 2025-07-29. Replay captured from the company's public earnings webcast.

Vice President of Investor Relations
Chief Executive Officer
Chief Financial Officer
President and CEO, Royal Caribbean brand
Analyst, JPMorgan
Analyst, UBS
Analyst, Mizuho
Analyst, Melius Research
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WEBVTT 00:00:00.000 -- 00:00:04.220 there will be a question and answer session. 00:00:04.220 -- 00:00:08.860 If you ask a question during this session, you'll need to press star one on your telephone 00:00:08.860 -- 00:00:14.540 keypad. I would now like to introduce Blake Vanyar, Vice President of Investor Relations. 00:00:14.540 -- 00:00:17.860 Mr. Vanyar, the floor is yours. 00:00:18.520 -- 00:00:23.120 Good morning, everyone. And thank you for joining us today for our second quarter 2025 00:00:23.120 -- 00:00:28.720 earnings call. Joining me here in Miami are Jason Liberty, our Chief Executive Officer, 00:00:28.720 -- 00:00:34.060 Naftali Holtz, our Chief Financial Officer, and Michael Bailey, President and CEO 00:00:34.060 -- 00:00:39.040 of the Royal Caribbean brand. Before we get started, I'd like to note that we will be 00:00:39.040 -- 00:00:42.260 making forward-looking statements during this call. 00:00:42.260 -- 00:00:46.980 These statements are based on management's current expectations and are subject to risks 00:00:46.980 -- 00:00:51.860 and uncertainties. A number of factors could cause actual results to differ materially 00:00:51.860 -- 00:00:56.200 from our current expectations. Please refer to our earnings release issued this morning 00:00:56.200 -- 00:01:00.460 as well as our filings with the SEC for a description of these factors. 00:01:00.460 -- 00:01:05.600 We do not undertake to update any forward-looking statements as circumstances change. 00:01:05.600 -- 00:01:10.500 Also, we will be discussing certain non-GAAP financial measures, which are adjusted as 00:01:10.500 -- 00:01:15.760 defined, and a reconciliation of all non-GAAP items can be found on our investor 00:01:15.760 -- 00:01:18.940 website and in our earnings release. 00:01:18.940 -- 0...