VIKING HOLDINGS LTD Stock Price, News & Analysis

Viking (NYSE: VIK) celebrated the naming of nine new river ships on October 22, 2025, including the company’s 100th ship, during a simultaneous ceremony in Basel, Switzerland.

The nine vessels—Viking Annar, Dagur, Eldir, Honir, Nerthus, Gyda, Tonle, Thoth and Amun—will sail the Rhine/Main/Danube, Seine, Douro, Mekong and Nile rivers. Godparents and godfathers from Viking leadership and partner companies were appointed for each ship. The ceremony aboard Viking Honir was connected virtually to the other ships across six countries.

Viking noted recent industry recognition, including Condé Nast Traveler and Travel + Leisure honors and multiple Cruise Critic and Forbes Travel Guide accolades.

Viking (NYSE: VIK) announced delivery of two new river ships: the Viking Honir for the Rhine, Main and Danube and the Viking Thoth for the Nile, with ceremonies in Basel and Cairo on October 14, 2025.

The Honir hosts 190 guests in 95 staterooms and features Longship design elements including a square bow, three decks, Aquavit Terrace and two-room suites; inaugural itineraries include Passage to Eastern Europe, Rhine Getaway and Christmas on the Rhine. The Thoth hosts 82 guests in 41 staterooms and joins Viking’s modern Nile sister ships.

Viking says its committed orderbook expects 23 additional river ships by 2028 and 10 additional ocean ships by 2031, targeting 112 river ships in 2028 and 23 ocean and expedition ships in 2031.

Viking (NYSE: VIK) was voted #1 for Rivers and #1 for Oceans in Condé Nast Traveler’s 2025 Readers’ Choice Awards on October 7, 2025, marking the fifth consecutive year at the top of both categories.

Viking is also listed as a World’s Best by Travel + Leisure and received multiple recognitions from U.S. News & World Report, Forbes Travel Guide, and Cruise Critic across ocean, river, and expedition categories.

Viking Holdings Ltd (NYSE:VIK) has announced that its subsidiary, Viking Cruises Ltd, has priced a $1.7 billion senior notes offering with a 5.875% interest rate, maturing in 2033. The notes offering is expected to close on October 7, 2025.

The company plans to use the proceeds, along with cash on hand, to redeem all outstanding 5.875% Senior Notes due 2027 and refinance the finance leases for four ships: Viking Orion, Viking Mars, Viking Jupiter, and Viking Octantis. The notes are being offered exclusively to qualified institutional buyers under Rule 144A and certain non-U.S. persons under Regulation S.

Viking Holdings Ltd (NYSE:VIK) has announced that its subsidiary, Viking Cruises Ltd (VCL), is launching a private offering of $1.7 billion in senior unsecured notes due 2033. The notes will be guaranteed by Viking and certain VCL subsidiaries.

The company plans to use the proceeds, along with cash on hand, to redeem all outstanding 5.875% Senior Notes due 2027 and refinance the finance leases for four ships: Viking Orion, Viking Mars, Viking Jupiter, and Viking Octantis. The notes are being offered exclusively to qualified institutional buyers under Rule 144A and certain non-U.S. persons under Regulation S.

Viking (NYSE:VIK) has announced the delivery of its newest river ship, the Viking Tonle, designed specifically for the Mekong River in Southeast Asia. The vessel joins its sister ship Viking Saigon, effectively doubling Viking's capacity on the Mekong River.

The Viking Tonle features 40 outside staterooms accommodating 80 guests, incorporating Viking's signature Scandinavian design with amenities including a pool, spa, fitness center, and Sky Bar. The ship will operate on Viking's 15-day Magnificent Mekong itinerary.

As part of its expansion strategy, Viking plans to add 25 river ships by 2028 and 10 ocean ships by 2031, bringing their total fleet to 112 river ships and 23 ocean and expedition vessels.

Viking (NYSE:VIK) has announced a partnership with Focus Features for the upcoming film Downton Abbey: The Grand Finale, releasing September 12, 2025. The collaboration builds on Viking's long-standing relationship with Highclere Castle, the iconic filming location of Downton Abbey.

The company is celebrating this partnership by launching a dedicated webpage and offering a sweepstakes through September 30, 2025. The grand prize includes an eight-day river voyage on the Paris & the Heart of Normandy cruise with a three-night Privileged Access extension to Oxford & Highclere Castle, plus Business Class airfare for two.

Viking has maintained exclusive access to Highclere Castle since 2014, offering various land extensions and experiences for their river and ocean voyage guests, including specialized tours focusing on Egyptian antiquities through their connection with the Earl of Carnarvon's collection.

Viking (NYSE:VIK) has announced the delivery of its newest river ship, the Viking Gyda, designed specifically for Portugal's Douro River. The vessel, which can accommodate 106 guests in 53 staterooms, will be dedicated to the company's 10-day Portugal's River of Gold itinerary.

The ship joins Viking's existing Douro River fleet of four sister ships, expanding their Portuguese operations to five vessels. As part of Viking's growth strategy, the company plans to add 26 river ships by 2028 and 10 ocean ships by 2031, bringing their total fleet to 112 river ships and 23 ocean and expedition ships.

Viking Holdings (NYSE:VIK) reported strong Q2 2025 financial results, with total revenue reaching $1.88 billion, up 18.5% year-over-year. The company achieved significant growth metrics including a 28.5% increase in Adjusted EBITDA to $632.9 million and diluted EPS of $0.99.

Key performance indicators showed robust demand, with 96% of 2025 capacity already sold and 55% booked for 2026. The company's expansion continued with delivery of new vessels and plans for Indian river operations. Financial position remains strong with $2.6 billion in cash and an undrawn $375 million revolver facility.

Operational metrics improved with 95.6% occupancy and an 8% increase in Net Yield to $607. Advance bookings show strong momentum, with 2025 bookings 21% higher than 2024 at $5.64 billion, and 2026 bookings up 13% at $3.88 billion.