Blake Banyer
Vice President of Investor Relations
Replay available
Royal Caribbean Cruises Ltd. (RCL) Q3 2025 Earnings Call
Royal Caribbean Cruises Ltd. (NYSE: RCL) Q3 2025 earnings conference call, held 2025-10-28. Replay captured from the company's public earnings webcast.
Hosted by
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Jason Liberty
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Investor webinar replay
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:04.954 introduce Blake Banyer, Vice President of Investor Relations. 00:00:06.077 -- 00:00:09.178 Mr. Banyer, the floor is yours. 00:00:09.640 -- 00:00:13.364 Good morning, everyone, and thank you for joining us today for our third quarter 2025 00:00:13.364 -- 00:00:18.429 earnings call. Joining me here in Miami are Jason Liberty, 00:00:18.429 -- 00:00:24.275 our President and Chief Executive Officer, Naftali Holtz, our Chief Financial Officer, 00:00:24.275 -- 00:00:28.955 and Michael Bailey, President and CEO of the Royal Caribbean Brands. 00:00:28.955 -- 00:00:33.301 Before we get started, I would like to note that we will be making forward-looking statements 00:00:33.301 -- 00:00:38.428 during this call. These statements are based on management's current expectations and 00:00:38.428 -- 00:00:43.555 are subject to risks and uncertainties. A number of factors could cause actual 00:00:43.555 -- 00:00:47.660 results to differ materially from our current expectations. 00:00:47.660 -- 00:00:51.926 Please refer to our earnings release issued this morning as well as our filings with 00:00:51.926 -- 00:00:55.634 the SEC for a description of these factors. 00:00:55.634 -- 00:01:00.781 We do not undertake to update any forward-looking statements as circumstances change. 00:01:00.781 -- 00:01:06.048 Also, we will be discussing certain non-GAAP financial measures which are adjusted as 00:01:06.048 -- 00:01:11.115 defined, and a reconciliation of all non-GAAP items can be found on 00:01:11.115 -- 00:01:14.840 our investor website and in our earnings release. 00:01:14.840 -- 00:01:20.027 Unless we state otherwise, all metrics are on a constant currency adjusted 00:01:20.027 -- 00:01:21.470 basis. 00:01:21.470 -- 00:01:26.338 Jason will begin the cal...