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Analyst
Xian Siew
Period: Reporting periods mapped to calendar 2025 Q1 – 2026 Q3 (7 quarters; questions recorded in 4).
- Questions
- 10on tracked calls
- Challenge rate
- 10%1 of 10 questions
- Companies
- 3questioned at least once
- Reporting periods
- 4with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 10 of 10 questions from 3 companies
RCLRoyal Caribbean Group4 questions · 3 reporting periods · 1 of 4 challenging
Calendar 2026 Q2
is there anything you could point to in terms of what you're doing to help drive the close-in demand?
Show response
Jason said close-in demand has run above expectations for 3-4 years as booking got easier, with more repeat guests, and the company now raises rather than discounts close-in pricing.
Calendar 2026 Q1
what do you think is kind of the implications of that in terms of how they could impact net yield growth
Show response
Jason highlighted repeat guests spend 25% more, and the strategy to convert vacation-of-a-lifetime into lifetime-of-vacations through cross-brand loyalty, Points Choice, and Royal ONE card. Naftali added focus on customer lifetime value including lower acquisition costs.
Calendar 2025 Q1
Any kind of change differences between returning customers versus new customers
Show response
Jason noted demand from new-to-cruise remains exceptionally high, with loyalty members creating more competition for inventory through cross-brand bookings.
the full year net yield guidance on constant currency may be up just a little bit. I'm just curious how you're thinking about 2H
Show response
Naftali explained Q1 disproportionately benefited from new hardware timing (full quarter of Icon) while Q3 faces a headwind from Star entering late August.
CCLCarnival3 questions · 2 reporting periods · 0 of 3 challenging
Calendar 2026 Q3
it seems like Caribbean capacity might be slightly down next year. But at the same time
Show response
Josh explained the Caribbean capacity dip is largely Princess (a premium brand) redeploying to Japan; core capacity is consistent with Celebration Key and RelaxAway throughput up.
Anything we should think about in terms of costs into next year, anything different than maybe your algo
Show response
CFO Bernstein said nothing notable for 2027 costs, with continued focus on sourcing savings and efficiencies as in 2026.
Calendar 2026 Q2
is it that you are kind of maybe leaving some cabins unsold rather than discounting? Or is it cancellations?
Show response
Management confirmed a deliberate occupancy reduction for Europe to protect price integrity rather than discounting.
HASHasbro3 questions · 2 reporting periods · 0 of 3 challenging
Calendar 2026 Q2
Can you talk a little bit more about the supply and ability to print Magic cards?
Show response
Goetter contrasted 2026's larger initial print runs with 2025 demand-chasing and cited expanded print-partner capacity for 2027-2028.
Calendar 2026 Q1
you're expecting still growth in the back half for Wizards, or how should we kind of think about that
Show response
Cocks indicated Q4 may be down due to tough comps while Q2 and Q3 should be strong. Goetter added back half combined should be up low single-digit rates.
whether you're seeing consumers who came into the Magic ecosystem via maybe a universe beyond collab and then kind of coming in again for a first-party set
Show response
Cocks confirmed crossover from Universes Beyond to first-party sets is happening. Backlist performance cited as evidence of new player retention. Called UB the most successful new player adoption initiative ever.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| RCL Royal Caribbean Group | 4 | 25%1 of 4 questions |
| CCL Carnival | 3 | 0%none of 3 questions |
| HAS Hasbro | 3 | 0%none of 3 questions |
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2025 Q1 | 2 | 50%1 of 2 questions | 1 |
| 2025 Q2 | No questions recorded | — | — |
| 2025 Q3 | No questions recorded | — | — |
| 2025 Q4 | No questions recorded | — | — |
| 2026 Q1 | 3 | 0%none of 3 questions | 2 |
| 2026 Q2 | 3 | 0%none of 3 questions | 3 |
| 2026 Q3 | 2 | 0%none of 2 questions | 1 |
- 2025 Q12 questions · challenge rate 50% (1 of 2 questions) · 1 company
- 2025 Q2No questions recorded
- 2025 Q3No questions recorded
- 2025 Q4No questions recorded
- 2026 Q13 questions · challenge rate 0% (none of 3 questions) · 2 companies
- 2026 Q23 questions · challenge rate 0% (none of 3 questions) · 3 companies
- 2026 Q32 questions · challenge rate 0% (none of 2 questions) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Revenue Growth5
- Demand4
- Competitive Dynamics3
- Pricing2
- Guidance Reliability2
- Geographic Expansion1
- Cost Pressure1
- Margin1
- Supply Chain1
- Subscriber Growth1