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Segments (Tables)
12 Months Ended
Dec. 31, 2024
Disclosure of operating segments [abstract]  
Summary of Results for the Group's Segments

Set forth below are results for the Group’s segments for the years ended December 31, 2024, 2023 and 2022:

 

 

Year Ended December 31, 2024

 

(in USD and thousands)

River

 

 

Ocean

 

 

Other

 

 

Total

 

Total revenue

$

2,654,407

 

 

$

2,196,040

 

 

$

483,435

 

 

$

5,333,882

 

Total cruise operating expenses

 

(1,569,207

)

 

 

(1,241,420

)

 

 

(303,454

)

 

 

(3,114,081

)

Other operating expenses

 

 

 

 

 

 

 

 

 

 

 

Selling and administration

 

(439,424

)

 

 

(292,843

)

 

 

(151,622

)

 

 

(883,889

)

Depreciation, amortization and impairment

 

(97,827

)

 

 

(120,678

)

 

 

(42,339

)

 

 

(260,844

)

Total other operating expenses

 

(537,251

)

 

 

(413,521

)

 

 

(193,961

)

 

 

(1,144,733

)

Operating income (loss)

$

547,949

 

 

$

541,099

 

 

$

(13,980

)

 

$

1,075,068

 

 

 

Year Ended December 31, 2023

 

(in USD and thousands)

River

 

 

Ocean

 

 

Other

 

 

Total

 

Total revenue

$

2,341,274

 

 

$

1,945,200

 

 

$

424,019

 

 

$

4,710,493

 

Total cruise operating expenses

 

(1,446,513

)

 

 

(1,131,696

)

 

 

(273,575

)

 

 

(2,851,784

)

Other operating expenses

 

 

 

 

 

 

 

 

 

 

 

Selling and administration

 

(398,791

)

 

 

(266,547

)

 

 

(123,702

)

 

 

(789,040

)

Depreciation, amortization and impairment

 

(106,983

)

 

 

(108,220

)

 

 

(38,516

)

 

 

(253,719

)

Total other operating expenses

 

(505,774

)

 

 

(374,767

)

 

 

(162,218

)

 

 

(1,042,759

)

Operating income (loss)

$

388,987

 

 

$

438,737

 

 

$

(11,774

)

 

$

815,950

 

 

 

 

Year Ended December 31, 2022

 

(in USD and thousands)

River

 

 

Ocean

 

 

Other

 

 

Total

 

Total revenue

$

1,796,498

 

 

$

1,189,298

 

 

$

190,183

 

 

$

3,175,979

 

Total cruise operating expenses

 

(1,189,768

)

 

 

(802,832

)

 

 

(159,767

)

 

 

(2,152,367

)

Other operating expenses

 

 

 

 

 

 

 

 

 

 

 

Selling and administration

 

(371,251

)

 

 

(214,927

)

 

 

(96,632

)

 

 

(682,810

)

Depreciation, amortization and impairment

 

(159,631

)

(a)

 

(91,140

)

 

 

(27,285

)

 

 

(278,056

)

Total other operating expenses

 

(530,882

)

 

 

(306,067

)

 

 

(123,917

)

 

 

(960,866

)

Operating income (loss)

$

75,848

 

 

$

80,399

 

 

$

(93,501

)

 

$

62,746

 

 

(a)
Includes $41.9 million in impairments for river vessels in 2022 related to Russia and Ukraine river vessels, the Viking Prestige and Viking Legend.