Management ChangeMay 14, 2026, 07:06 AM
Viking Appoints Leah Talactac as CEO; Q1 Revenue +17.5% to $1.05B
AI Summary
Viking Holdings Ltd announced a leadership transition, appointing Leah Talactac as CEO and Linh Banh as CFO, while Torstein Hagen transitions to Executive Chairman. The company also reported strong first-quarter 2026 financial results, with total revenue increasing by 17.5% and Adjusted EBITDA growing by 43.9% year-over-year. Net loss significantly improved, and the company's net leverage decreased, reflecting robust operational performance and strong demand for its offerings.
Key Highlights
- Leah Talactac, President and CFO, appointed as CEO; Torstein Hagen becomes Executive Chairman.
- Linh Banh, Executive VP of Finance, appointed as CFO.
- Total revenue increased 17.5% to $1,053.7 million for Q1 2026.
- Adjusted EBITDA increased 43.9% to $104.8 million for Q1 2026.
- Net loss improved to $(54.2) million from $(105.5) million in Q1 2025.
- Diluted EPS was $(0.12) and Adjusted EPS was $(0.11).
- Net Leverage improved to 1.0x as of March 31, 2026, from 1.1x.
- 92% of 2026 season Capacity Passenger Cruise Days sold, with 2027 bookings 31% higher.
- S&P upgraded Viking Cruises Ltd's corporate rating to BB+ from BB in March 2026.
- Company took delivery of one river vessel and acquired one ocean ship, with more planned for 2026.