VIKING HOLDINGS LTD Stock Price, News & Analysis

Viking (NYSE:VIK) has achieved remarkable recognition in Travel + Leisure's 2025 World's Best Awards, maintaining its #1 position for Expeditions and securing top rankings for both river and ocean lines. The company has made history by simultaneously holding #1 rankings for Rivers, Oceans, and Expeditions from both Travel + Leisure and Condé Nast Traveler readers - a distinction no other travel company has achieved.

The recognition comes during the 30th anniversary of Travel + Leisure's World's Best Awards. Viking has also garnered additional accolades, including multiple awards from U.S. News & World Report's 2025 Best Cruise Lines ranking, Forbes Travel Guide 2024 Star Awards, and Cruise Critic's 2024 Best in Cruise Awards.

Viking (NYSE:VIK) has named its newest ocean ship, the Viking Vesta, during a traditional ceremony in Split, Croatia. Norwegian journalist Lene Tangevald-Jensen served as the ceremonial godmother for the 998-guest vessel.

The Viking Vesta, classified as a small ship with a gross tonnage of 54,300 tons, features 499 staterooms with verandas, Scandinavian design elements, and various al fresco dining options. The ship will operate Mediterranean and Northern Europe cruises during its inaugural season.

The naming ceremony included traditional elements such as breaking a bottle of Norwegian aquavit on the ship's hull and performances by soprano Sissel Kyrkjebø and violinist Tor Jaran Apold. The event coincides with Viking's celebration of 10 years of ocean voyages in 2025.

Viking (NYSE: VIK) has announced 14 new ocean itineraries for 2026 and 2027, now open for booking. These voyages, ranging from 15 to 36 days, combine multiple popular routes to offer extended exploration across Europe, including the Mediterranean, United Kingdom, Ireland, and Scandinavia. The new itineraries feature destinations like Rome, Barcelona, Lisbon, London, and Istanbul, with overnight stays in key cultural capitals. Notable voyages include the 15-day Jewels of the Mediterranean, 22-day British Isles & Viking Shores, and 36-day Grand Mediterranean Explorer. Viking is currently offering a Summer Sale until June 30, 2025, featuring free airfare, up to $4,000 savings per couple, and a $25 deposit on select voyages. The company maintains its position as #1 for Oceans, Rivers, and Expeditions in multiple prestigious travel awards.

Viking Holdings (NYSE: VIK) has announced the pricing of its secondary offering of 30,531,917 ordinary shares at $44.20 per share. The offering is expected to close on May 29, 2025, subject to customary closing conditions. The company will not receive any proceeds from this offering as it is not offering any ordinary shares. J.P. Morgan and BofA Securities are serving as the underwriters for the offering.

Viking Holdings (NYSE: VIK) has announced a secondary offering of 30,531,917 ordinary shares by certain selling shareholders. The offering will be managed by underwriters J.P. Morgan and BofA Securities. Notably, Viking will not receive any proceeds from this offering as all proceeds will go to the selling shareholders.

The offering will be conducted through a registration statement on Form F-3 filed with the SEC. Prospective investors can access the prospectus and related documents through the SEC's EDGAR website or by contacting the underwriters directly.

Viking reported strong Q1 2025 financial results with total revenue of $897.1 million, up 24.9% year-over-year. The company achieved significant growth metrics including a 53.9% increase in gross margin and a 7.1% rise in Net Yield to $544. Capacity increased by 14.9% driven by fleet expansion. Viking has already sold 92% of its capacity for 2025 and 37% for 2026, demonstrating robust demand. The company reported a net loss of $105.5 million, improving from a $490.7 million loss in Q1 2024. Advance bookings show strong momentum with $5,508 million for 2025 (21% higher than 2024) and $2,676 million for 2026. The company maintains a solid liquidity position with $2.8 billion in cash and plans continued fleet expansion, including the announcement of a hydrogen-powered cruise ship.

Viking (NYSE: VIK) has announced the float out of its newest Nile River ship, the Viking Thoth, marking a significant construction milestone. The 82-guest vessel is scheduled to debut in October 2025 and will be Viking's eighth river vessel in Egypt. The state-of-the-art ship will feature 41 staterooms with Scandinavian design, including signature elements like a square bow and indoor/outdoor Aquavit Terrace. The Viking Thoth will operate on the popular 12-day Pharaohs & Pyramids itinerary, which includes a three-night stay in Cairo, visits to the Great Pyramids, and an eight-day Nile River cruise. Viking plans to expand its Egypt fleet to 12 vessels by 2027, with four new ships joining in the next two years.

Viking Holdings (NYSE: VIK) has announced it will host a conference call on Tuesday, May 20, 2025, at 8:00 a.m. Eastern Time to discuss its first quarter 2025 financial results. The company will release its Q1 2025 financial results before the market opens on the same day. The conference call will be available through a simultaneous webcast on Viking's investor relations website at https://ir.viking.com. Investors can access a replay of the webcast for 30 days after the call.