Blake Vanier
Vice President of Investor Relations
Replay available
Royal Caribbean Cruises Ltd. (RCL) Q4 2025 Earnings Call
Royal Caribbean Cruises Ltd. (NYSE: RCL) Q4 2025 earnings conference call, held 2026-01-29. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Jason Liberty
Chairman and Chief Executive Officer
Naftali Holtz
Chief Financial Officer
Michael Bailey
President and CEO of the Royal Caribbean Brands
Matthew Voss
Analyst, J.P. Morgan
Steve Wisinski
Analyst, Stiefel
James Hardiman
Analyst, Citi
Lizzie Dove
Analyst, Goldman Sachs
Investor webinar replay
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Replay transcript excerpt
WEBVTT 00:00:01.313 -- 00:00:05.397 Good morning. My name is Morgan, and I'll be your conference operator today. 00:00:05.397 -- 00:00:10.522 At this time, I would like to welcome everyone to the Royal Caribbean Group fourth 00:00:10.522 -- 00:00:15.747 quarter and full year 2025 earnings call. All participants 00:00:15.747 -- 00:00:20.772 are in a listen-only mode. After the speaker presentation, there will be a question and 00:00:20.772 -- 00:00:25.597 answer session. To ask a question during the session, you will need to press star then 00:00:25.597 -- 00:00:29.530 the number one on your telephone. I would like to introduce Mr. 00:00:29.530 -- 00:00:33.274 Blake Vanier, Vice President of Investor Relations. 00:00:33.274 -- 00:00:36.759 Mr. Vanier, the floor is yours. 00:00:36.759 -- 00:00:40.423 Good morning, everyone, and thank you for joining us today for our fourth quarter 2025 00:00:40.423 -- 00:00:45.669 earnings call. Joining me here in Miami are Jason Liberty, our Chairman 00:00:45.669 -- 00:00:50.816 and Chief Executive Officer, Naftali Holtz, our Chief Financial Officer, and Michael 00:00:50.816 -- 00:00:54.861 Bailey, President and CEO of the Royal Caribbean Brands. 00:00:54.861 -- 00:00:59.392 Before we get started, I'd like to note that we will be making forward-looking statements 00:00:59.392 -- 00:01:04.238 during this call. These statements are based on management's current expectations and 00:01:04.238 -- 00:01:09.544 are subject to risks and uncertainties. A number of factors could cause actual results 00:01:09.544 -- 00:01:12.708 to differ materially from our current expectations. 00:01:12.708 -- 00:01:16.933 Please refer to our earnings release issued this morning as well as our filings with 00:01:16.933 -- 00:01:19.756 the SEC for a description...