Royal Caribbean reported mixed financial results for the first half of 2025, with the company missing revenue expectations despite accelerating demand for its cruise brands. The cruise operator's shares declined by 5% in after-hours trading following the earnings release. While the CEO highlighted continued strong demand and industry-leading experiences, the company lowered its annual profit forecast due to higher costs associated with its newest ship. Despite this, Royal Caribbean officials remain confident that 2025 will still be a record year and see potential for further outperformance in the second half of the year.