Viking Holdings

VIK

Market cap $29.6B

Viking stock is already up more than 40% in 2025 as rivals struggle.

Carnival remains the largest cruise line by revenue and passenger count, and its stock sells at a low valuation. Viking has succeeded in many respects by taking the opposite approach from Carnival.

Viking Holdings Ltd. reported very good Q3 financials. The brand's itineraries continue to attract customers, underlined by continued bookings growth. Fleet growth continues to boost VIK's earnings outlook for upcoming years. Improvements in operational metrics enabled VIK to achieve high earnings growth, making capital returns very good.

Viking Holdings Ltd. (NYSE: VIK) posted better-than-expected earnings for the third quarter on Wednesday.

VIK's third-quarter 2025 revenues benefit from increased Capacity Passenger Cruise Days (capacity PCDs), higher Occupancy and higher revenue per PCD.

LOS ANGELES--(BUSINESS WIRE)--For the fifth consecutive year, Viking® (www.viking.com) (NYSE: VIK) has been named the Best Luxury Line, Best Line for Couples and Best Line in the Mediterranean by U.S. News & World Report in the publication's 2026 Best Cruise Line rankings. Viking also earned Best Cruise Line for Dining in the Luxury category. The U.S. News & World Report travel rankings reflect a comprehensive analysis of expert opinions and traveler reviews, as well as recommendations.

Viking Holdings Ltd ( VIK ) Q3 2025 Earnings Call November 19, 2025 8:00 AM EST Company Participants Carola Mengolini - Vice President of Investor Relations Torstein Hagen - Founder, Chairman & CEO Leah Talactac - President & CFO Conference Call Participants Steven Wieczynski - Stifel, Nicolaus & Company, Incorporated, Research Division Matthew Boss - JPMorgan Chase & Co, Research Division James Hardiman - Citigroup Inc., Research Division Robin Farley - UBS Investment Bank, Research Division Brandt Montour - Barclays Bank PLC, Research Division Stephen Grambling - Morgan Stanley, Research Division Elizabeth Dove - Goldman Sachs Group, Inc., Research Division Raymond Bowers - Wells Fargo Securities, LLC, Research Division Presentation Operator Good morning. My name is Tom, and I will be your conference operator today.

Cruise line operator Viking Holdings is on the cusp of reaching an early buy point. On Wednesday Viking reported third-quarter results narrowly above analyst expectations.

The headline numbers for Viking (VIK) give insight into how the company performed in the quarter ended September 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Viking Holdings (VIK) came out with quarterly earnings of $1.2 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $0.89 per share a year ago.