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Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“We signed new AWS agreements with companies including Intuit, PayPal, Norwegian Cruise Line Holdings, Northrop Grumman, The Guardian Life Insurance Company of America, Reddit, Japan Airlines, Baker Hughes, the Hertz Corporation, Resin Chime Financial, Asana, and many others.”
Norwegian Cruise Line Holdings signed a new AWS cloud agreement in the quarter.
“We have been in touch with Elliott like we have with all of our shareholders.”
Activist investor Elliott has engaged NCLH and proposed board members; management confirms ongoing dialogue, a read-through on Elliott's activist campaign at NCLH.
“On the sustainability front, we recently announced a landmark agreement with Spain's Repsol for supplying renewable marine fuels at the Port of Barcelona.”
Norwegian signed an 8-year renewable marine fuel supply agreement with Repsol at the Port of Barcelona, positioning Repsol as a long-term renewable-fuel supplier.
“Perhaps you need more families to get to those sort of longer-term occupancy goals that you talked about just a minute ago, Mark. But just help us think of -- understand the sort of positioning versus CocoCay.”
An analyst asks NCLH to compare the competitive positioning of its Great Stirrup Cay private-island investment against Royal Caribbean's CocoCay, framing the two companies' island destinations as direct competitors for family cruise demand.
“continuing our track record with Fincantieri that’s now six ships in a row, all delivered as planned thanks to their team and our incredible new build organization”
NCLH credits shipbuilder Fincantieri with a six-ship consecutive on-time, on-budget delivery record, underscoring a reliable newbuild partnership supporting NCLH's fleet growth.
“The rating agencies are also taking notice of our progress with both S&P and Moody's recently upgrading our credit ratings with a positive outlook.”
Moody's upgraded NCLH's credit rating with a positive outlook, reflecting balance-sheet deleveraging progress.
“The rating agencies are also taking notice of our progress with both S&P and Moody's recently upgrading our credit ratings with a positive outlook.”
S&P upgraded NCLH's credit rating with a positive outlook, reflecting balance-sheet deleveraging progress.
“region's partnership with Aston Martin, a Ramco Formula One Team”
NCLH's Oceania/Regent brand formed a marketing partnership with the Aston Martin Aramco Formula One team, part of a broader push to elevate its luxury brand positioning.
“Norwegian's partnership with the National Hockey League”
NCLH's Norwegian brand formed a new marketing partnership with the NHL during the year as part of its brand enhancement strategy.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Steve Wieczynski | Stifel | 9 (11%) |
| Brandt Montour | Barclays | 9 (22%) |
| Lizzie Dove | Goldman Sachs | 8 (0%) |
| Matt Boss | JPMorgan | 7 (14%) |
| Jim Hardiman | Citigroup | 6 (50%) |
| Conor Cunningham | Melius Research | 6 (33%) |
| Ben Chaiken | Mizuho Securities | 6 (17%) |
| Robin Farley | UBS | 5 (40%) |
| Vince Ciepiel | Cleveland Research | 4 (0%) |
| Trey Bowers | Wells Fargo | 3 (67%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| JPMorgan | 2 | 9 (11%) |
| Barclays | 1 | 9 (22%) |
| Stifel | 1 | 9 (11%) |
| Goldman Sachs | 1 |
| 8 (0%) |
| Melius Research | 1 | 6 (33%) |
| Citigroup | 1 | 6 (50%) |
| Mizuho Securities | 1 | 6 (17%) |
| UBS | 1 | 5 (40%) |
NCLH's Q4 marked a leadership transition with new CEO John Chidze taking over two weeks prior and immediately acknowledging that Caribbean deployment was executed without enterprise-wide coordination, creating near-term pricing pressure across the Norwegian brand. Full-year FY2025 adjusted EBITDA rose 11% to $2.73B and adjusted EPS grew 19% to $2.11, meeting the raised guidance. However, FY2026 net yield guidance of approximately flat fell well below the prior low-to-mid-single-digit algorithm, as execution missteps in Caribbean, Europe, and Alaska weighed on the Norwegian brand while luxury brands Oceania and Regent continued performing strongly.
Demand | Revenue Growth | Competitive Dynamics | Guidance Reliability | Macroeconomic | Pricing | Geographic Expansion | Cost Pressure | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 6 | 6 | 1 | 1 | 1 | 2 | 1 | 1 |
| 2025Q1 | 5 | 2 | 1 | 3 | 2 | 1 | 1 | |
| 2025Q2 | 4 | 3 | 1 | 1 | 1 | 3 | 1 | |
| 2025Q3 | 3 | 4 | 4 | 1 | 4 | 1 | 1 | |
| 2025Q4 | 6 | 2 | 5 | 3 | 2 | 1 | 2 | 2 |
| 2026Q1 | 9 | 2 | 3 | 3 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 6 | 5 | 4 | 3 | 6 | 9 |
| Revenue Growth | 6 | 2 | 3 | 4 | 2 | |
| Competitive Dynamics | 1 | 1 | 1 | 4 | 5 | 2 |
| Guidance Reliability | 1 | 3 | 1 | 1 | 3 | 3 |
| Macroeconomic | 1 | 2 | 1 | 2 | 3 | |
| Pricing | 2 | 1 | 4 | 1 | ||
| Geographic Expansion | 1 | 3 | 1 | 2 | 1 | |
| Cost Pressure | 1 | 1 | 1 | 1 | 2 | 1 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
NCLH Norwegian Cruise Line Holdings | 6 | +9.6% | |
| ABNB Airbnb | 9 | +17.9% | |
| BKNG Booking Holdings | 7 | +16.2% | |
| EXPE Expedia Group | 7 | +14.7% | |
| RCL Royal Caribbean Group | 6 | +11.3% |