v3.25.2
Revenue from Contracts with Customers
6 Months Ended
Jun. 30, 2025
Revenue from Contracts with Customers [Abstract]  
Revenue from Contracts with Customers
4.
REVENUE FROM CONTRACTS WITH CUSTOMERS

Disaggregation of revenue

The table below disaggregates total revenue by reportable segment (see Note 14) for the three and six months ended June 30, 2025 and 2024:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

(in USD and thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Ocean

 

$

712,891

 

 

$

573,225

 

 

$

1,271,869

 

 

$

1,020,905

 

River

 

 

1,021,719

 

 

 

891,747

 

 

 

1,235,802

 

 

 

1,057,178

 

Other

 

 

145,757

 

 

 

122,289

 

 

 

269,752

 

 

 

227,333

 

Total revenue

 

$

1,880,367

 

 

$

1,587,261

 

 

$

2,777,423

 

 

$

2,305,416

 

Total revenue for the three months ended June 30, 2025 increased by $293.1 million to $1,880.4 million from $1,587.3 million for the same period in 2024. Total revenue for the six months ended June 30, 2025 increased by $472.0 million to $2,777.4 million from $2,305.4 million for the same period in 2024. These increases were primarily due to an increase in passenger cruise days and higher revenue per passenger cruise day. For the three and six months ended June 30, 2025, passenger cruise days increased compared to the same period in 2024 due to growth in the fleet including three additional river vessels, one additional ocean ship and the Zhao Shang Yi Dun (“Viking Yi Dun”) accommodation agreement.

Regional economic trends affect the Group’s revenue and cash flows. The table below disaggregates percentage of passengers by source market, which is the passenger’s home country or region, for the three and six months ended June 30, 2025 and 2024:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

North America

 

 

88.1

%

 

 

89.2

%

 

 

89.1

%

 

 

89.9

%

Australia

 

 

5.4

%

 

 

5.4

%

 

 

4.6

%

 

 

4.9

%

Other

 

 

6.5

%

 

 

5.4

%

 

 

6.3

%

 

 

5.2

%

 

 

100.0

%

 

 

100.0

%

 

 

100.0

%

 

 

100.0

%

 

The disaggregation by source market is similar across all reportable segments.

The Group’s vessels and ships primarily operate in Europe.