27, Oct 2026
HABANOS, S.A. UNVEILED A WORLD PREMIERE: THE QUAI D’ORSAY CONCORDIA EDICIÓN LIMITADA 2026

The Belle Époque comes to Las Ventas: Quai D’Orsay celebrates La Nuit D’Orsay

More than 400 guests gathered at Las Ventas to celebrate La Nuit D’Orsay, an evening that marked the international unveiling of the brand’s second Limited Edition.

The second Limited Edition in the brand’s history introduces a new vitola, combining a distinctive format with a balanced flavour profile. Crafted using the brand’s mild-strength blend and benefiting from the additional ageing that characterises the Limited Editions, it offers a refined and unique expression of the brand’s craftsmanship.

HAVANA, Oct. 27, 2026 /PRNewswire/ — Habanos, S.A. unveiled the Quai D’Orsay Concordia Edición Limitada 2026, marking the second Limited Edition in the history of Quai D’Orsay, a brand established in 1974 and synonymous with French culture and elegance.

HABANOS, S.A. UNVEILED A WORLD PREMIERE: THE QUAI D’ORSAY CONCORDIA EDICIÓN LIMITADA 2026

Concordia introduces a vitola with dimensions never before seen in the Quai D’Orsay portfolio. In keeping with the Habanos Limited Editions tradition, its wrapper, binder and filler leaves undergo an additional ageing process of at least two years. The wrapper also benefits from an extended fermentation process, deepening its colour and imparting an oily texture. The result is a distinctive appearance that sets Concordia apart from the lighter tones traditionally associated with Quai D’Orsay.

Quai D’Orsay Concordia Edición Limitada 2026: A new and refined expression of the brand

Named in honour of the Place de la Concorde in Paris, Concordia pays tribute to Quai D’Orsay’s longstanding connection with France. Established at the initiative of Valéry Giscard d’Estaing, then France’s Minister of Finance, the brand was conceived as a refined diplomatic gift, created to complement the country’s portfolio of luxury products.

Concordia is presented in the Preciosos factory name, measuring 145 mm in length with a 50 ring gauge. Introduced to the Quai D’Orsay portfolio for the first time, this distinctive format offers a fresh expression of the brand’s signature elegance.

In keeping with Habanos’ Limited Edition tradition, the wrapper, binder and filler leaves undergo an additional ageing process of at least two years. The wrapper also benefits from extended fermentation, resulting in a deeper, darker colour and a distinctive oily texture. This richer appearance contrasts with the lighter shades traditionally associated with Quai D’Orsay and reflects a defining characteristic of Habanos’ Limited Edition releases.

“Totally Handmade with Long Filler”, (Totalmente a Mano) using leaves from the Vuelta Abajo* region of Pinar del Río*, Cuba*, Concordia preserves the medium strength and balanced flavour profile that define the Quai D’Orsay brand. It marks the second Limited Edition in the brand’s history, following the Quai D’Orsay Senadores Limited Edition 2019.

Concordia is presented in a specially designed box containing 20 cigars. Each cigar features the brand’s primary band, complemented by an exclusive 2026 Limited Edition band and an additional foot band, underscoring the distinctive character of this release.

The Presentation of Quai D’Orsay Concordia in Madrid

The world premiere took place on 24 October in Madrid, during La Nuit D’Orsay, held at the iconic Las Ventas bullring. Organised by Club Pasión Habanos, the event welcomed more than 400 guests, transforming the historic venue into an immersive setting inspired by the Parisian Belle Époque. A celebration of elegance and refinement, the evening brought together gastronomy, music and Habanos, paying tribute to Quai D’Orsay’s enduring connection with French culture and heritage.

The evening began with an aperitif served beneath the interior arches and portals of the bullring, featuring a curated selection of premium drinks and delicacies. Highlights included EPC Champagne paired with Antonius caviar, a French-inspired cocktail crafted with Marcillac Armagnac, jamón ibérico from Casa 959, premium beers from Mahou, wines from Ximénez-Spínola, Marinero vermouth and Harvey’s Bristol Cream. Dinner was served beneath a specially decorated marquee in the bullring arena, with a menu featuring tributes to classic French cuisine. The experience continued with pairings of Habanos and premium spirits, including The Dalmore, Havana Club Unión and Ximénez-Spínola, complemented by speciality coffees from Dromedario.

Music accompanied every stage of the evening. Jazz performed by Pianobar, from the iconic Madrid venue Toni 2, set the tone for dinner before the stage welcomed singer Soraya Arnelas. Opening with “La Vie en Rose” before moving into “Fumando Eepero”, her performance continued with a repertoire of hits spanning the decades, from 1974, the year Quai D’Orsay was founded, through the defining anthems of the 1980s and 1990s. The performance brought the evening to a lively crescendo, transforming the bullring arena into a dance floor.

Juan Girón, Communications Director at Tabacalera, said: “Today, we have the privilege of attending the global launch of the Limited Edition Concordia. With a ring gauge of 50 and a length of 145 mm, it is a cigar of incredible proportions. It is visually stunning, which is why its vitola de galera is, quite fittingly, called ‘Preciosos’.”

“The filler, wrapper and binder have all been aged for at least two years, allowing the blend to reach its full potential. It is a smooth cigar, but not overly so, presented in boxes of 20, featuring subtle notes reminiscent of cedar and toasted hazelnut. As for the rest… discover it for yourselves!”

Product details:

  • Brand: Quai D’Orsay
  • Commercial name: Quai D’Orsay Concordia Edición Limitada 2026
  • Factory name: Preciosos
  • Dimensions: 50 x 145 mm in length
  • Strength: Light
  • Format: Parejo (straight-sided)
  • Presentation: Special packaging of 20 units

Tasting notes:

Before lighting, the Quai d’Orsay Concordia Edición Limitada offers notes reminiscent of cedar and toasted hazelnut. Once lit, subtle notes of cocoa emerge, accompanied by a delicate floral nuance.

The first third delivers a creamy, dense smoke with a gentle sweetness and hints of nuts. In the second third, woody notes and a subtle touch of citrus complement the mild strength of this Habano. The final third develops notes of leather and dark chocolate, accompanied by a compact, light-coloured ash. Its extended aging adds depth, resulting in an elegant and sophisticated tasting experience.

Duration: 45-50 minutes

*P.A.O. (Protected Appellations of Origin)

Recommended retail price:

  • €914 (box of 20)

About Habanos, S.A.

Corporación Habanos, S.A. is the world leader in the commercialization of premium cigars, both in Cuba and across the globe. It operates through an exclusive distribution network spanning five continents and more than 130 territories. For more information, please visit www.habanos.com

Habanos, S.A. markets 27 premium brands – all crafted “Totally by Hand” (*Totalmente a Mano*) – including notable names such as Cohiba, Montecristo, Romeo y Julieta, Partagás, Hoyo de Monterrey, H. Upmann, and Trinidad. These brands are protected under the Protected Designation of Origin (P.D.O.) * HABANOS.

Habanos cigars have been crafted “Totally by Hand” for over 500 years, serving as a global benchmark ever since.

(P.D.O.) * Protected Designations of Origin

For more information about Habanos, S.A.:

www.habanos.com 

https://www.instagram.com/habanos_oficial/ 

https://twitter.com/Habanos_Oficial 

https://www.youtube.com/channel/UCstGLy96wdZG7eCM4855_DA 

https://www.linkedin.com/company/habanos-sa/ 

https://open.spotify.com/user/habanosmusic 

Notes for editors

  • High-resolution product images: HERE
  • High-resolution photographs of the launch event: HERE

Habanos, S.A.

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27, Oct 2026
XPPen Brings Magic Pro 13 to Market: A Professional All-Scenario Drawing Pad Connecting Mobile Inspiration with Professional Creation

LOS ANGELES, Oct. 27, 2026 /PRNewswire/ — XPPen, a global leader in digital art innovation, today officially launches the Magic Pro 13, a Professional All-Scenario Drawing Pad that also functions as a desktop-grade drawing display through its industry-first hardware-level Drawing Display Mode. It combines the X4 Smart Chip Stylus, a 3K 120Hz paper-like display, and deep hardware-software integration for versatile digital drawing experiences.

Following its debut at IFA 2026, the Magic Pro 13 received four “Best of IFA 2026” honors from Gadgety Awards, TechRadar, Yanko Design, and Android Headlines, recognizing its innovation and approach to combining portable drawing with professional desktop workflows.

“Artists need creative tools that can adapt to the way they work, wherever they create,” said Brian Huang, Marketing Director at XPPen. “The Magic Pro 13 is an industry-first 2-in-1 device that works as both a standalone drawing pad and a professional drawing display, giving creators greater flexibility in developing their ideas. We believe creative tools should continue to evolve alongside artists, opening up new possibilities for how they bring their ideas to life.”

Industry-First Hardware-Level Drawing Display Mode

A key feature of the Magic Pro 13 is its industry-first hardware-level Drawing Display Mode in the digital drawing pad category. With a single full-featured USB-C cable, it connects to a compatible PC as a professional drawing display. Its dedicated hardware architecture supports up to 3K resolution at 120Hz with native color reproduction, alongside ultra-low-latency pen input. The stylus retains its full functionality, including 16K pressure levels, tilt detection, hover preview, and customizable barrel buttons, enabling a seamless transition from on-the-go sketching to desktop refinement.

Portable Design and Integrated Creative Tools

Featuring an 8MP front camera and a 13MP rear camera, the Magic Pro 13 offers added flexibility for capturing visual references and creative ideas. At just 6.65 mm thick and 655 g, it combines portability with a 10,200 mAh battery and 45W PD fast charging to support extended creative sessions. Both USB-C ports support 45W PD charging, while the upper port on the right side enables Drawing Display Mode for direct PC connection, allowing users to continue creating while charging.

Running on Android 16, the Magic Pro 13 also offers a versatile creative software ecosystem. The XPPen-developed Shelf app helps users organize visual references with image tagging, annotations, and smart search, while the Canvas app provides a dedicated space for sketching and capturing inspiration. Additional features such as Quick Draw with Screen Off, Freeform Windowing, and Screenshot Doodle make creative tasks more convenient across a wider range of scenarios.

X4 Smart Chip Stylus and 3K 120Hz Paper-like Display

The Magic Pro 13 comes with the X4 Smart Chip Stylus, which combines a power-efficient chip, an optimized sensor, and a bullet-shaped nib for fast, stable, and precise strokes. With 16K pressure levels, 2g initial activation force, and 60° tilt support, it captures subtle pressure variations for detailed drawing and natural shading.

The display offers 3K resolution and an adjustable refresh rate of 60, 90, or 120Hz. AG+AF nano-etched glass provides a paper-like feel, while 650-nit peak brightness and TÜV SÜD Low Blue Light certification enhance the viewing experience. With 100% sRGB and 96% DCI-P3 coverage, it also supports system-level color gamut switching between sRGB, Adobe RGB, and DCI-P3 to meet different professional color requirements.

Price and Availability

The Magic Pro 13 is available as of October 27, 2026, with an early bird price of $899 (pricing and availability may vary by region). For more product information, visit: https://www.xp-pen.com/product/magic-pro-13.html

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27, Oct 2026
How to Care for Caregivers? NCCN Debuts Essential Guide for Supporting Loved Ones with Cancer

New, free book offers simple but empowering information on how to care for people with cancer while also caring for yourself.

PLYMOUTH MEETING, Pa., Oct. 27, 2026 /PRNewswire/ — Today, the National Comprehensive Cancer Network® (NCCN®)—an alliance of leading cancer centers in the United States responsible for guidelines that patients and providers rely on worldwide to improve outcomes—published its first-ever NCCN Guidelines for Patients® focused specifically on how to support loved ones with cancer. The new NCCN Guidelines for Patients: Caregiving for People with Cancer provides an easy-to-understand guide for what to do in difficult situations and offers some much-needed lifelines.

The NCCN Guidelines for Patients: Caregiving for People with Cancer is now available for free at NCCN.org/patients or via the NCCN Patient Guides for Cancer App.

The new book is a how-to for anyone in a position of providing support for a loved one. That includes about a quarter of all Americans, and even higher numbers around the world. The guide provides concrete tips for handling things like:

  • Emotional Support
  • Finances
  • Household Tasks
  • Legal Concerns
  • Medical Management (including help with decision-making as well as providing medication or other nursing duties)

The NCCN Guidelines for Patients: Caregiving for People with Cancer is available for free at NCCN.org/patients or via the NCCN Patient Guides for Cancer App, thanks to funding from the National Comprehensive Cancer Network Foundation (NCCNF). Visit NCCNFoundation.org to make a difference in how people experience cancer care.

“When I was diagnosed with breast cancer, my background as a clinician and researcher led me to look for credible, evidence-based information. The NCCN Guidelines for Patients gave me a way to understand the evidence, ask better questions, and participate meaningfully in decisions about my own care,” said Heather Kopecky, PhD, MBA, PCC, Member of the NCCN Foundation Board of Directors. “I have experienced cancer as a nurse, a patient, and alongside people I love. In each of those roles, I have seen how powerful it is when people have access to clear, trustworthy information. Knowledge didn’t take away the fear, but it gave me the ability to understand my choices and have a voice in my care.”

The new patient guideline points out that at least 70% of caregivers are also balancing jobs and other responsibilities; and 60% live in a separate home from the person they are caring for. It includes “Caregiver’s Corner” features throughout, highlighting important tips for self-care, as well as a specific chapter dedicated entirely to the caregiver’s own wellbeing.

“When a loved one is diagnosed with cancer, naturally, most people want to show up for them however they can. But pretty quickly, many realize it’s not just about cancer. They’re also juggling everything else in their lives,” explained Anthea A. Gray, PsyD, The Ohio State University Comprehensive Cancer Center – James Cancer Hospital and Solove Research Institute. “In moments when things feel scary or uncertain—or when everything starts to feel too much—having trusted, easy-to-find information matters a lot. That is why resources like the NCCN Guidelines for Patients are so helpful. They offer reputable information together in one place, so caregivers can better understand what to expect, make more informed decisions, and support their loved ones with more confidence.”

The NCCN Guidelines for Patients: Caregiving for People with Cancer includes comprehensive information on what cancer is and what to expect during treatment. It features explanations for complicated medical terms and concepts and suggests questions to ask the doctor. The online version includes links to helpful websites, organizations, or mobile apps.

“The creation of this resource recognizes that care partners should have evidence-based information to guide their own journey,” noted Patrick Delaney, Executive Director, NCCNF. “It expands on our history of funding books based on the NCCN Guidelines intended for clinicians. As more people are diagnosed with cancer every day, more loved ones are stepping into support roles, often for the first time. We wanted to meet this growing need by providing access to a free, dedicated resource specifically for caregivers.”

This book is the newest of more than 75 different patient guidelines covering nearly every type of cancer, as well as prevention, screening, and supportive care. Each one is updated at least annually to keep up with the fast pace of progress. They are all available in English and many have also been translated into Spanish, with some books translated into additional languages.

The NCCN Guidelines for Patients win numerous awards every year, including several recent National Health Information Awards, an Annual Communicator Award of Distinction, a ClearMark Award from the Center for Plain Language, and many more—honoring them as high-quality, easy-to-understand, patient-centered and trustworthy, according to independent medical experts.

The organization also provides free webinars for patients and caregivers on a variety of topics. Visit NCCN.org/patients to learn more.

Coming Soon: On December 3, 2026, NCCN is hosting a Patient Advocacy Summit on Advancing Family-Centered Cancer Care in the United States. Speakers will address topics like caregiver education and training, government support and assistance, and other efforts to support patients and their loved ones. Learn more and register at NCCN.org/summits.

Coming Next Year: The NCCN Global Policy team will be hosting a webinar on efforts to strengthen the support system for cancer caregivers, worldwide, in November 2027. Visit NCCN.org/global-policy to learn more about that and other efforts to improve cancer care around the world.

About the National Comprehensive Cancer Network

The National Comprehensive Cancer Network® (NCCN®) is a not-for-profit alliance of leading cancer centers devoted to patient care, research, and education. NCCN is dedicated to defining and advancing quality, effective, equitable, and accessible cancer care and prevention so all people can live better lives. The NCCN Clinical Practice Guidelines in Oncology (NCCN Guidelines®) provide transparent, evidence-based, expert consensus-driven recommendations for cancer treatment, prevention, and supportive services; they are the recognized standard for clinical direction and policy in cancer management and the most thorough and frequently-updated clinical practice guidelines available in any area of medicine. The NCCN Guidelines for Patients® provide expert cancer treatment information to inform and empower patients and caregivers, through support from the National Comprehensive Cancer Network Foundation (NCCNF). NCCN also advances continuing education, global initiatives, policy, and research collaboration and publication in oncology. Visit NCCN.org for more information.

About the National Comprehensive Cancer Network Foundation (NCCNF)

The National Comprehensive Cancer Network Foundation helps people across the globe to access free, translated, and easy-to-follow guidelines that help them understand their cancer diagnosis and treatment, talk confidently with their care teams, and make informed decisions. NCCNF also supports the next generation of researchers driving the way forward. Donations to NCCNF don’t just fund the future of cancer care, they change how people experience care today. Learn more and help make the mission possible at nccnfoundation.org.

Media Contact:

Rachel Darwin

267-622-6624

darwin@nccn.org

NCCN Logo (C)NCCN(R) 2018. All rights reserved.

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27, Oct 2026
The Distillery Winter Village Announces 2026 Lineup of New Attractions, Special Performances and Quince as new title sponsor

Toronto’s world-famous Christmas market opens November 12 for seven weeks of holiday magic.

TORONTO, Oct. 27, 2026 /PRNewswire/ — Today, The Distillery Winter Village presented by Quince announced its 2026 programming lineup including performances by some of Toronto’s leading performing arts organizations, a new Immersive Nutcracker experience, a Christmas department store-themed Santa’s Village, and over 50 food vendors and outdoor bars including Chef’s Lane featuring dishes from four acclaimed chefs. Strings of lights will glow overhead along the cobblestone streets, historic brick buildings will be decked in wreaths, garland and holiday window displays, and visitors will feel like they’ve stepped into a Christmas card come to life. This year also marks Quince‘s debut as title sponsor, bringing its signature mix of quality cashmere, gifting and a few holiday surprises to the heart of the Village.

Visitors gather beneath the holiday lights and towering Christmas tree at The Distillery Winter Village in Toronto. Welcoming more than one million visitors each season, the annual holiday tradition opens November 12, 2026, with its Christmas tree lighting ceremony, kicking off seven weeks of live entertainment, holiday shopping, seasonal food and drinks, and special experiences through January 3, 2027. (Photo: The Distillery Winter Village, 2025)

In its 17th year, Toronto’s world-famous Christmas market, which welcomes a million visitors a year, transforms the pedestrian-only streets of The Distillery Historic District into a holiday wonderland from November 12, 2026 through January 3, 2027, and tickets are now on sale.

Tree Lighting Ceremony: Thursday, November 12, 4:00 – 6:30 p.m.

Opening night festivities begin November 12 at 4:00 p.m. with holiday sets by singer and guitarist Mo Guzman, leading up to the main stage event at 6:00 p.m., when Santa flips the switch to illuminate the centrepiece 16.8-metre (55-foot) silver fir Christmas tree for the first time this season. Following the tree lighting, JUNO Award-winning Canadian singer Holly Cole will perform the first song of Christmas and more from her Christmas album, Baby It’s Cold Outside and I Have the Christmas Blues. All profits from opening night ticket sales will support The Distillery Winter Village’s local charity partners: The Anishnawbe Health Foundation, Soulpepper Theatre, and the Toronto Star Santa Claus Fund.  Those unable to attend in person can watch the ceremony live on: YouTube, Instagram, Facebook and TikTok, from 5:00 – 6:30 p.m. ET.

“The Distillery Winter Village continues to evolve each year, and we’re especially proud of the calibre of performers, new attractions and creative partnerships coming together for 2026,” said Rik Ocvirk, Vice President, The Distillery Restaurants Corp. and Director, Experiences and Events, The Distillery Historic District. “We’re thrilled to have Quince on board as our new title sponsor and look forward to bringing their creative vision to life at this year’s event. At the heart of it all, this is a place where people come together to celebrate the season, spend time with the people they love and make memories that last long after the holidays are over.”

“I’ve visited The Distillery Winter Village for years, so I know how special this tradition is to Toronto,” said Kelly Olsen, Head of Canada at Quince. “That makes it especially meaningful for Quince to become part of it. We’re excited to add to the magic people already love here and bring our brand to life for Canadians in a way that feels distinctly Toronto.”

Quince Brings Cashmere and Gingerbread to The Distillery Winter Village

This year, The Distillery Winter Village welcomes Quince as its new title sponsor, bringing two holiday classics, cashmere and gingerbread, to Toronto’s world-famous Christmas market. Known for its premium-quality essentials at accessible prices, Quince is creating a gingerbread-inspired Cashmere Cabin where visitors can shop select Mongolian cashmere, holiday gifts and accessories, and capture a festive photo moment along the way.

The #GiftWithQuince contest invites Canadians to nominate someone special by sharing their Distillery Winter Village experience in an Instagram post or Reel, tagging their nominee and explaining why they’d love to give them a gift, using @onequince and #GiftWithQuince. Seven winners and their nominees will each receive a $70 Quince.ca gift card to shop on the app, while one grand prize winner and their nominee will each receive a $1,000 Quince.ca gift card to shop on the app. Entries close December 10. Terms and conditions apply.

And there’s more to come: Quince has a special reveal planned for the Winter Village’s iconic Christmas tree, to be unveiled at the November 12 tree lighting ceremony.

The Distillery Winter Village 2026 Highlights

SPECIAL PERFORMANCES & HOLIDAY ENTERTAINMENT

Some of Toronto’s leading performing arts organizations will take the stage at The Distillery Winter Village this season, bringing opera, musical theatre, and choral performances to the cobblestone streets. All performances are included with admission.

Performance Highlights:

  • Toronto Mendelssohn Choir – November 22, at 6:00 p.m. and 7:00 p.m. One of Canada’s most celebrated choirs brings its renowned voices to The Distillery Winter Village.
  • NEW: Opera Atelier – November 29, at 6:00 p.m. and 7:00 p.m. Opera Atelier lights up the holidays with Baroque brilliance! Enjoy soaring voices, classic melodies, and dazzling theatricality in this timeless celebration of the holiday season. Featuring exceptional soloists and a festive nod to our Season of Heroes, this performance is sure to spread love, hope, and joy to all ages.
  • NEW: Canadian Opera Company – December 4, 6:00 p.m. Canada’s largest opera company brings an evening of breathtaking music centered around exploring winter traditions around the world – through dance and song. This performance will feature COC Teaching Artists Isabella Fassler, Annemarie Cabri in collaboration with special guests William Salinas-Crosby, Mariana Iguavita and collaborative pianist, Suzy Smith.
  • Mirvish Productions – December 13, 7:00 p.m. A Very Merry Mirvish Concert returns for a third consecutive year at The Distillery Winter Village, featuring cast members of Toronto’s biggest musicals performing songs from their shows.
  • Myriad Ensemble – December 17, 7:00 – 9:00 p.m. Fresh off winning two gold medals at the World Choir Games, Myriad Ensemble brings its award-winning voices to The Distillery Winter Village.
  • NEW: Kente Claus – December 24, 1:00 – 6:00 p.m. Celebrate Christmas Eve with Kente Claus, The Claus Corporation’s Chief Joy Distribution Officer for Africa and the Caribbean. Enjoy live holiday music by Steelpan with Suzette, plus the 2nd annual Jr. Claus Academy Awards and Graduation.
  • The McGregor Carollers – Daily, through to Christmas Eve. Toronto’s beloved Victorian quartet will fill the pedestrian-only streets with traditional Christmas carols.

IMMERSIVE EXPERIENCES

NEW: The Immersive Nutcracker

Step inside a Christmas classic as The Immersive Nutcracker transforms The Fermenting Cellar at The Distillery District into a spectacular 360-degree holiday experience. Tchaikovsky’s beloved tale comes to life through floor-to-ceiling digital projections, as the Nutcracker marches past, snow falls and visitors journey to the Land of Sweets. Encounter larger-than-life characters, including the Sugar Plum Fairy and Mouse King, along with festive photo ops, story-inspired food and drinks, and interactive games.

Separate admission is required. See here.

NEW: Visit Costa Rica’s Río Celeste Chocolate Waterfall

A taste of the tropics comes to The Distillery Winter Village with Visit Costa Rica‘s Río Celeste Chocolate Waterfall. Inspired by Costa Rica’s lush landscapes, this flowing chocolate waterfall is framed by tropical foliage, rocks, wildlife décor, and festive lights. Enjoy chocolate-drizzled pineapple and banana treats, capture a holiday photo and step through an augmented reality portal to discover Costa Rica’s natural wonders. Experience a little Costa Rican “pura vida” in the heart of Toronto’s holiday season.

SANTA’S VILLAGE AT SOULPEPPER THEATRE

Step into a whimsical holiday world inspired by Soulpepper Theatre’s production of Parfumerie, where vintage European department store charm meets Christmas magic. Located inside the Soulpepper Theatre atrium, Santa’s Village will feature twinkling lights, holiday displays, Santa and his elves, a vintage-inspired letter-writing station, specialty hot chocolates and sweet treats.

New this year, Storytime with the Elves invites little visitors to gather to hear enchanting Christmas stories daily in the atrium.

FESTIVE FOOD & DRINK

The Distillery Winter Village is a holiday destination for food lovers, with dozens of outdoor food cabins serving up Toronto favourites, viral sensations and holiday classics. From indulgent street food and savoury bites to decadent desserts and specialty hot chocolates, there’s plenty to discover alongside The Distillery District’s year-round restaurants and cafés.

Chef’s Lane Returns

Following a successful debut at last year’s Distillery Winter Village, Chef’s Lane returns for 2026 with four new cabins, four acclaimed chefs and four one-of-a-kind, holiday-inspired dishes created exclusively for the event.

Meet the 2026 Chef’s Lane chefs:

  • Michael Angeloni – Executive chef and co-owner of several Toronto dining destinations, including Notte Ristorante, Pasta Privato, The Berczy Tavern and Michelin-recommended Restaurant Lucie.
  • Afrim Pristine – Canada’s premier Cheese Master and co-owner of Toronto’s iconic Cheese Boutique, a family-run institution serving the city for more than 50 years.
  • Taylor Wells – Originally from Newfoundland on Canada’s East Coast, Taylor now leads the kitchen at The Carbon Bar, Toronto’s longstanding barbecue destination.
  • Arush Vardhan Singh – Co-founder of Shipra, a South Asian pop-up celebrating Indian and Pakistani cuisine, Arush brings a refined, technique-driven approach to Indian cooking, inspired by his fine-dining background and the traditional flavours of his childhood.

NEW food this year:

  • Prince St. Pizza – The cult-favourite pizza brand brings its famous slices to The Distillery Winter Village.
  • Carousel Bakery – A St. Lawrence Market institution, known for its peameal bacon sandwiches and apple fritters.
  • Sweet Crumble – Layered dessert featuring buttery crumble, rich fruit fillings and warm, silky custard in three flavours: Berry, Apple Cinnamon and Crème Brûlée.
  • Potato Bar – Canadian grown baked potatoes loaded with your choice of flavourful toppings.
  • Peacock Bakehouse – Over-the-top cookie creations with innovative flavours and a focus on Canadian ingredients.

Returning food favourites:

Back by popular demand are some of the Winter Village’s most talked-about dishes, including Stick Shift Robata’s A5 Wagyu Sando, Cluny’s torched s’mores hot chocolate, Scooped by Demetres’ Monkey Bread, and Spirit of York’s Yorkie Burrito.

Visitors can also dig into Japan Taco, bao buns from WuBaEats, French Canadian poutine, Ukrainian pierogies, Swiss raclette, BBQ from Grinch’s Grill and sweet treats ranging from mini pancakes and freshly made doughnuts to chocolate-covered strawberries, gourmet rice crispie treats, crêpes and waffles.

OUTDOOR HOLIDAY BARS

From a new Canadian-themed tavern to holiday patios decked out in lights, The Distillery Winter Village’s outdoor bars offer plenty of places to gather, warm up and enjoy a seasonal drink.

NEW: The Canuck Tavern – Archeo Patio

A love letter to the Great White North, The Canuck Tavern celebrates all things Canadian with a playful mix of hockey, cottage-country charm and iconic Canadian landscapes.

Settle into Muskoka chairs around the fire, catch a hockey game on the big screen or snap a photo in a canoe against a wilderness backdrop or on a ski chairlift overlooking snowy mountains.

Other highlights include a larger-than-life topiary moose, a hockey penalty box, tributes to famous Canadians including Terry Fox, Roberta Bondar and Michael J. Fox, and a message board where visitors can share what they love about Canada. Raise a glass with Canadian beer and spirits.

Naughty or Nice Bar – Pure Spirits Courtyard

One of the Winter Village’s signature outdoor bars gets a refreshed look for 2026, with 50,000 white-and-blue holiday lights and a long, counter-height communal table offering more room to gather over seasonal drinks.

NEW: Silent Night Disco — Cluny Tunnel

The Cluny Tunnel transforms into a glittering winter wonderland. Mirror balls, starburst lighting, and giant disco ball-covered snow people set the scene for DJ nights on the heated patio. Complete the experience with a decadent Parisian-style mousse au chocolat, available in cherry, espresso or Belgian chocolate.

NEW: Merry Matcha – Trinity Street

A new stop for alcohol-free drinks, Merry Matcha serves various flavours including: regular, coconut, strawberry rose, lavender, ubé, and vanilla. 

SHOPPING & HOLIDAY GIFTS

Discover gifts from local and Canadian makers at The Distillery Winter Village’s seasonal vendor cabins, alongside more than 90 permanent businesses throughout The Distillery District.

From fashion and handmade jewellery to gourmet treats, home décor, self-care products and original art, the pedestrian-only streets are lined with independent shops and specialty retailers offering plenty of inspiration for holiday gift-giving.

New this year, The Cooperage Marketplace brings together seven independent, founder-operated Canadian businesses under one roof. Located in a historic building dating back to the 1860s, it takes its name from the building’s original use for making, storing and repairing whisky barrels.

Also new, Maplee Market offers a curated shopping experience showcasing local brands and independent makers.

Throughout the Winter Village, seasonal vendor cabins offer everything from unique glass and hand-painted Christmas ornaments to handcrafted wooden toys and puzzles, fresh seafood dips, Belgian chocolate creations and more!

HOLIDAY PHOTO OPS & FESTIVE EXPERIENCES

The Distillery Winter Village is one of Toronto’s most photographed holiday destinations. At the heart of it all is the iconic 16.8-metre (55-foot) tall Christmas tree in Trinity Square, surrounded by illuminated displays and holiday installations.

Photo highlights include:

  • The centrepiece silver fir Christmas Tree with an all-new look for 2026.
  • Countdown to Christmas Clock counting down the days until Christmas Day.
  • Santa’s Sleigh and Reindeer featuring a vintage sleigh-for-four and whisky barrel reindeer.
  • Alley Press‘ vintage-style newspaper photo booth and live print service.
  • Naughty or Nice Bar – A massive canopy of 50,000 dazzling blue and white lights.
  • Giant Snowpeople.
  • LOVE, FAMILY, JOY and PEACE red illuminated marquee letters throughout the site.
  • The Heart of Christmas offers the perfect photo backdrop for sharing your love of the holidays.
  • The Quince Gingerbread Family interactive photo installation.
  • The Canuck Tavern with Canadian-inspired photo ops, including a ski chairlift, wilderness canoe, hockey penalty box and giant topiary moose.

TICKETS & PLANNING YOUR VISIT

The Distillery Winter Village runs daily from Thursday, November 12, 2026 to Sunday, January 3, 2027, and is closed Christmas Day.

Tickets are required during peak periods, including:

  • Opening Night;
  • Fridays, Saturdays and Sundays after 4:00 p.m.;
  • Thursdays in December after 4:00 p.m.; and,
  • Daily after 4:00 p.m. from December 14-31.

Admission is free all day Monday to Wednesday through December 13, 2026.

Tickets start at $16, plus HST and service charge, with General Admission, Flex and Express ticket options available. Kids aged nine and under always enter free and do not require a ticket.

For the complete ticket calendar, ticket options and everything visitors need to plan their trip, visit TheDistilleryWinterVillage.com.

ABOUT THE DISTILLERY WINTER VILLAGE

The Distillery Winter Village is Toronto’s original outdoor Christmas market, set within The Distillery Historic District. Recognized among the best Christmas markets in the world, it welcomes more than one million visitors each year from across Canada and around the world. For seven weeks each winter, the pedestrian-only neighbourhood transforms into a festive destination featuring its famous centrepiece Christmas tree, seasonal vendor cabins, holiday performances and themed food and beverage experiences. The event employs more than 700 seasonal workers and raises funds for local charities.

For more information and tickets, visit TheDistilleryWinterVillage.com.

ABOUT QUINCE

Quince is a manufacturer-to-consumer platform offering a curated assortment of the world’s best-made essentials, from cashmere and linen to fine jewelry and furniture, across more than 100 categories. By connecting shoppers directly to the manufacturing partners who make each product, Quince prices its assortment 50 to 70 percent below comparable market prices without compromising on quality, backed by a 365-day return policy and a 4.7 average customer rating across millions of reviews. Founded in January 2019 by three co-founders and headquartered in San Francisco, Quince closed its Series E in March 2026 at a $10.1 billion valuation and is one of the fastest-growing private companies in the country. Explore the full Canadian experience at Quince.ca, or download the Quince app on the App Store and the Google Play Store, with free shipping, free 365-day returns, and all prices in CAD including duties.

 

The Distillery Winter Village transforms the historic streets of Toronto's Distillery District into a holiday destination, pictured here from above. Opening November 12, 2026, with its annual Christmas tree lighting ceremony, this year's event features a lineup of live performances, immersive experiences, holiday shopping and seasonal food and drinks through January 3, 2027. More than one million visitors are expected throughout the season. (Photo: The Distillery Winter Village, 2025)

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27, Oct 2026
Modal Raises $750 Million in Series D Round: NYSE Content Update

NYSE issues a pre-market daily advisory direct from the trading floor.

NEW YORK, Oct. 27, 2026 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

Kristen Scholer delivers the pre-market update on October 27th

  • Modal boosts valuation to $15.75 billion
    • The company also announced that it crossed $1 billion in annualized run rate.
    • Modal builds AI building blocks allowing developers to create a wide range of applications.
    • CEO Erik Bernhardsson will join NYSE Live to discuss what’s fueling the company’s rapid growth.
  • ClioCon 2026 gets underway from Boston
    • Annual event is hosted by legal practice software firm Clio.
    • It’s bringing together lawyers, industry leaders, and technology businesses.
    • Clio CEO Jack Newton will join Taking Stock to deliver his biggest takeaways from the event.
  • Earnings season underway while Fed kicks off two-day policy meeting
    • UPS and Coca-Cola delivered their latest quarterly figures this morning.
    • NYSX components Microsoft, Alphabet, and Amazon will report this week.
    • The FOMC meeting kicks off today, with policymakers due to announce their decision on interest rates Wednesday afternoon.

Opening Bell

Kimco Realty (NYSE: KIM) celebrates its 35th anniversary of listing

Closing Bell

Ducommun (NYSE: DCO) celebrates its 30th anniversary of listing

For market insights, IPO activity, and today’s opening bell, download the NYSE TV App and check out the NYSE YouTube: TV.NYSE.com and YouTube.com/@NYSEofficial

Ingevity at the NYSE on October 26

NYSE Logo

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27, Oct 2026
Guidewire Delivers the Open, Secure, and Complete Core Platform for Agentic Insurance

Insurers gain speed and precision across the insurance lifecycle to launch products faster, assess and price risk more effectively, and resolve claims sooner

LAS VEGAS, Oct. 27, 2026 /PRNewswire/ — CONNECTIONS CONFERENCE — Guidewire (NYSE: GWRE) today launched a new platform approach to agentic insurance, giving insurers an open, secure, and complete foundation for putting AI to work across the insurance lifecycle. By bringing together the applications, data, workflows, and controls insurers need, Guidewire sets out a practical model for moving from isolated AI experiments to governed agents that improve the speed and precision of insurance decisions and actions.

Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurers in 44 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers. For more information, please visit www.guidewire.com.

“Insurance is a business of decisions and actions made in context,” said Mike Rosenbaum, chief executive officer, Guidewire. “By embedding agentic capabilities where insurers already run their core operations, Guidewire gives agents the context and controls they need to work with speed and precision on a proven durable foundation.”

Guidewire agents run on the same trusted platform as its core applications and work with an insurer’s current data and workflows. For agents to work effectively, they need to know what is true, what has already been done, and what they are allowed to do. The platform’s controls enforce those boundaries with consistent security and a clear audit trail that remains current and secure through ongoing updates.

“We took a platform approach to AI, so agents run on the same platform as the core, with access to an insurer’s context, data, and workflows,” said Diego Devalle, chief product development officer, Guidewire. “The scalability and observability that already support the core now support agents too. That is why insurers can put them to work on live claims and policies, and why developers can build on the same open foundation.”

The examples below represent a sample of Guidewire’s growing portfolio of agents and agentic capabilities across the insurance lifecycle. Guidewire will continue to expand this portfolio, giving insurers more ways to put agents to work within the workflows and controls of the Guidewire platform.

Agentic underwriting

The speed of competition in the market is putting pressure on insurers to increase product and pricing agility. Guidewire shortens the path from product concept to market, giving underwriters clearer risk context and decision support within the work they already do.

  • Advanced Product Designer. Product managers can now move products from intent to market-ready in days, with impact analysis, gap detection, and explainable recommendations. Agentic tooling speeds up the work of designing and refining products*.
  • PricingCenter. Actuaries can move sophisticated pricing models to live rates in days by validating rules, factors, and adjustments while maintaining the established efficiency of promotion to production. This keeps portfolio impact visible. Native integration with PolicyCenter connects pricing decisions directly to policy workflows.*
  • Risk Accumulation App*. Underwriters and portfolio managers can see concentration and exposure by peril on a map, from a single submission to the whole book. They can check how one risk changes portfolio exposure without leaving their normal workflow.
  • UnderwritingCenter*. Underwriters gain greater productivity and precision and can quote directly in UnderwritingCenter. It turns raw submissions into clear risk profiles and matches risks to portfolio strategy and appetite. Direct integration moves the quote into PolicyCenter, removing the risk of handoffs.
  • ProNavigator. Underwriters use embedded AI and Guidewire-developed agents* for submission summaries, relevant risk insights, and next-best actions.

Agentic claims

Claims teams face similar pressure to act quickly while increasing the precision of each decision. Guidewire puts agentic capabilities in the flow of work, from first notice of loss through adjudication and the broader indemnity supply chain.

  • Concierge. Claimants connect with autonomous agents by voice or chat. The agents capture full loss details and deliver decision-ready claims to ClaimCenter.
  • ProNavigator. Adjusters move from context to decision faster with answers, suggestions, and next-best actions from an embedded AI assistant and Guidewire-developed agents.
  • Workers’ Compensation Solution. Claims teams can help injured workers recover sooner with a connected solution that links claims work with digital tools and AI.

“A claim goes faster when adjusters have the facts from the start,” said Amy Mollin, vice president, product management, Guidewire. “We built agents into ClaimCenter, where the work already happens, to capture the loss, summarize the file, and flag risk. That gives adjusters time back for the decisions and conversations that matter most to claimants and injured parties.”

“Insurers are moving beyond AI experimentation and looking for ways to put agentic AI to work across the insurance lifecycle,” said Karlyn Carnahan, executive partner, Celent. “The next challenge is making these capabilities work within the systems and workflows that run the business. That is where the platform matters. By connecting agents to core data and processes, Guidewire gives insurers a practical path to deploy them in production with the controls they need.”

Agentic platform and data

Guidewire gives technical teams the infrastructure and current insurance data to put agents into production and govern how they operate.

  • Agentic Framework. Insurers can use Guidewire-developed agents or build their own, select the model for each task, enforce guardrails, evaluate behavior, and monitor costs.
  • Developer Assistants. Guidewire-aware assistants help technical teams update code, workflows, and rules faster.
  • DevSpace*. Developers start sooner in preconfigured cloud environments with built-in Guidewire tooling.
  • Guidewire Data Platform. Policy, claims, and billing data come together in one place, so agents and predictive models draw on the same data.
  • Data Studio and Explore. Curated P&C datasets are ready to use on day one. Insurers can also draw business insight from their own data.
  • Kaleidoscope*. Predictive models tuned to an insurer’s own book can also draw on industry and third-party data to fill gaps. Federated learning trains the models where each party’s data resides, so records don’t move and privacy is preserved.*

“Innovation is about reimagining how work gets done and giving our people the capabilities to make that possible,” said Tatjana Lalkovic, Chief Technology Officer, Definity. “Guidewire Developer Assistants bring relevant context directly into the development process, helping our teams move from idea to implementation faster while keeping human judgment and our standards at the center. It’s a great example of how we’re using AI to increase the pace of innovation and deliver value to our business, brokers, and customers sooner.”

Guidewire is also using AI to transform how it delivers programs with customers. Across professional services, Guidewire has embedded AI into its implementation methodology, materially reducing migration and implementation timelines. This enables insurers to put new capabilities in the hands of claims and underwriting teams sooner.

Guidewire is demonstrating these advancements this week at Guidewire Connections in Las Vegas, where over 3,000 insurers and partners from 36 countries have gathered for the company’s annual customer conference.

Certain release features may not be available in all regions.

*Indicates product feature is available for Early Access customers only or Guidewire Roadmap Features.

Connections keynote sessions will be livestreamed and available on-demand. To view the livestream and learn more about Guidewire’s new platform approach to agentic insurance, visit the Guidewire website.

About Guidewire

Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurers in 44 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers.

We are proud of our unparalleled implementation record, with 1,700+ successful projects supported by the industry’s largest R&D team and consulting partner ecosystem. Our marketplace represents the largest partner community in P&C, where customers can access hundreds of applications to accelerate integration, localization, and innovation.

For more information, please visit www.guidewire.com and follow us on X and LinkedIn.

Media Contact:

Melissa Cobb

Director, Public Relations

Guidewire Software, Inc.

+1.650.464.1177

mcobb@guidewire.com

NOTE: For information about Guidewire trademarks, visit www.guidewire.com/legal-notices.

Cautionary Language Concerning Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the general availability of features, programs, services, and tools mentioned in this press release (including, without limitation, Advanced Product Designer, PricingCenter, Risk Accumulation App, UnderwritingCenter, ProNavigator, DevSpace, and Kaleidoscope). These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Words such as expect, anticipate, should, believe, hope, target, project, goals, estimate, potential, predict, may, will, might, could, intend, variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Guidewire’s control. Guidewire’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Guidewire’s most recent Forms 10-K and 10-Q filed with the Securities and Exchange Commission as well as other documents that may be filed by Guidewire from time to time with the Securities and Exchange Commission. In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: fluctuations in our quarterly and annual operating results; our reliance on sales to, and renewals from, a relatively small number of large customers and the related substantial negotiating leverage of these customers; the length and complexity of our sales, product development, and implementation cycles; our competitive environment and changes thereto; our ability to effectively manage international expansion; issues in the development, adoption, deployment, workforce use and maintenance of artificial intelligence (“AI”) and machine learning technologies combined with an uncertain and evolving regulatory environment; long-term pricing commitments made in our customer contracts based on available information; our ability to expand adoption of our cloud-based products and services, and the risk that any of our established products may fail to satisfy customer demands or maintain market acceptance; the impact of seasonal and other variations related to our customer agreements and revenue recognition on our results of operations, ARR, and cash flows; our ability to develop, introduce, and market new and enhanced versions of our products and services; our ability to retain existing and hire new personnel, including managing a hybrid and geographically distributed workforce; errors or failures in our products or services, as well as service interruptions or failure of the third-party service providers we rely on; our dependence on the quality of our professional services and third-party global system integrator partners to sell our products and services; the impact of changes in our revenue mix, and the realization of lower gross margins from our services, subscription, and support revenues compared to our license revenue; the impact of global events (including, without limitation, macroeconomic and geopolitical conditions, ongoing global conflicts, inflation, high interest rates, and general economic volatility); data security breaches of our cloud-based services and products or unauthorized access to our employees’ or our customers’ data; the impact of evolving regulations and laws (including, without limitation, security, privacy, AI and machine learning, tax regulations and laws, and accounting standards); assertions by third parties that we violate their intellectual property rights; stock price volatility regardless of our operating performance; and other risks and uncertainties. Past performance is not indicative of future results. The forward-looking statements included in this press release represent Guidewire’s views as of the date of this press release. Guidewire anticipates that subsequent events and developments will cause its views to change. Guidewire undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing Guidewire’s views as of any date subsequent to the date of this press release.

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27, Oct 2026
Bybit Partners with XAUE Protocol to Offer 2.83% Fixed APR on XAUT Savings

DUBAI, UAE, Oct. 27, 2026 /PRNewswire/ — Bybit, the New Financial Platform trusted by more than 80 million users worldwide, is pleased to launch a new fixed-term XAUT Savings offering in partnership with XAUE Protocol. On Bybit Easy Earn, eligible holders of Tether Gold (XAUT) will receive a 2.83% fixed APR over a 90-day term.

XAUE on Bybit Easy Earn is designed to provide tokenized gold holders with a straightforward yield opportunity within the Bybit ecosystem, allowing XAUT to generate returns while maintaining exposure to the underlying gold-backed asset. The offer is available on a first-come, first-served basis from a total pool of 2,000 XAUT.

XAUE (XAU-Earn) is an institutional-grade, yield-generating gold protocol built on Ethereum. It functions as a treasury and productive layer for Tether Gold (XAU₮). The protocol preserves full exposure to the underlying asset while generating returns measured in gold. The collaboration brings this yield-generation framework to Bybit Earn, extending access to a broader user base through a simple savings subscription model.

The offering goes live on Oct. 26, 2026 at 12:00 UTC with a limited-time rewards pool and first-come, first-served allocation.

Bybit Partners with XAUE Protocol to Offer 2.83% Fixed APR on XAUT Savings

Terms and conditions apply. For full details and eligibility, users may visit: Bybit Easy Earn

#Bybit  / #NewFinancialPlatform 

About Bybit

Bybit is The New Financial Platform.

We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.

Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.

Built for everyone. Powered by intelligence. Open to the world.

Learn more at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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27, Oct 2026
Cyclone Arnab: Bhubaneswar Airport Keeps Flights Operating, Director Assures Full Preparedness

Bhubaneswar, Oct 27: Flight operations at Biju Patnaik International Airport (BPIA) in Bhubaneswar continued normally on Tuesday, with no cancellations reported as Cyclone Arnab approached the Odisha coast. Airport authorities have completed precautionary preparations and are closely monitoring weather conditions to ensure passenger safety.

Cyclone Arnab: Bhubaneswar Airport Keeps Flights Operating, Director Assures Full Preparedness

 Representational Image 

BPIA Director Prasanna Pradhan said the airport was operating as usual, as the prevailing weather forecast did not indicate conditions severe enough to warrant a shutdown. However, he clarified that officials remain on alert and any operational decisions would depend on changes in the weather and prevailing safety requirements.

Airport Completes Pre-Cyclone Preparations

According to Pradhan, the airport has implemented its prescribed Standard Operating Procedures (SOPs), technical instructions and operational guidelines to prepare for the potential impact of the cyclone.

A coordination meeting with relevant stakeholders was also held to review preparedness and ensure that necessary arrangements were in place to respond to changing weather conditions.

“We have completed our pre-cyclonic preparedness measures. Based on the forecast from the Meteorological Department, Bhubaneswar is not impacted severely enough to warrant a shutdown of flight operations. However, we are fully alert for any situation. If required, we will make a decision at that time,” Pradhan said.

Flight Safety Remains the Priority

The airport director said flight operations would continue as long as weather conditions remained suitable for safe flying. In the event of rain or other weather-related challenges, decisions would be taken by pilots and relevant authorities in accordance with established safety procedures.

Airport officials are also prepared to manage possible flight delays or diversions if conditions deteriorate. The arrangements are intended to maintain operational safety while minimising inconvenience to passengers.

Cyclone Arnab has intensified into a severe cyclonic storm and is moving at a reported speed of around 20 kmph. Rain and strong winds have been reported in parts of Odisha, while further deterioration in weather conditions was expected on Tuesday night, according to the report.

Passengers Urged to Check Flight Status

With weather conditions potentially changing at short notice, Pradhan has advised air travellers to remain calm and verify their flight status before leaving for the airport.

“Please do not panic. Just check your flight status before leaving home. That is my advice. Please check your flight status before coming to the airport,” he said.

Passengers are advised to check updates directly with their respective airlines and allow sufficient time for their journeys. Although flight services were operating normally at the time of the statement, schedules could be affected if weather conditions worsen.

Airport authorities will continue to assess the situation and take necessary measures in line with official weather forecasts and aviation safety requirements as Cyclone Arnab approaches the Odisha coast.

27, Oct 2026
ROYAL CARIBBEAN GROUP REPORTS THIRD QUARTER RESULTS ABOVE EXPECTATIONS AND RAISES FULL YEAR GUIDANCE

MIAMI, Oct. 27, 2026 /PRNewswire/ — Royal Caribbean Group (NYSE: RCL) today reported third quarter Earnings per Share (“EPS”) of $6.45 and Adjusted EPS of $6.57. These results were better than the company’s guidance, driven by strong close-in demand and lower costs due to timing. The company now expects full year Adjusted EPS to be in the range of $17.85 to $17.95. The increase in earnings expectations reflects the stronger-than-expected third quarter performance partially offset by higher than anticipated fuel costs (based on current at-the-pump rates) and currency exchange rates.

RCG logo blue

“Our third quarter results reflect continued strong consumer demand for our vacation experiences and the accelerated momentum across our industry leading brands,” said Jason Liberty, Chairman and CEO, Royal Caribbean Group. “Our strategy to turn the vacation of a lifetime into a lifetime of vacations is propelling our business by leveraging our leading brands, differentiated experiences, loyalty platform and technology capabilities to deepen guest relationships, increase vacation frequency and capture a greater share of the growing global vacation market. Taking further advantage of our leading vacation platform, the recently announced partnership with Sandals and Beaches Resorts is intended to drive significant shareholder value as we expand our vacation ecosystem, giving guests more ways to vacation with us across more occasions.”

“Demand for our leading vacation experiences remains strong, and while it is still early, 2027 bookings are pacing ahead of historical levels at higher rates,” Liberty continued. “2027 also marks the final year of our Perfecta target period. The underlying business is performing well ahead of our initial expectations, and based on the forward fuel curve, we remain on track to achieve our Perfecta goals of delivering 20% Adjusted EPS CAGR from 2024 through 2027, or a $20-handle in 2027. We are currently already above our ROIC target.”

Third Quarter 2026:

  • Total revenue was $5.6 billion, a 9% increase year over year. Load factor in the third quarter was 112%.
  • Gross Margin Yields decreased 0.8% as-reported. Net Yields increased 0.9% as-reported and 0.6% in Constant Currency, driven by better-than-expected close-in demand in Europe and the Caribbean.
  • Gross Cruise Costs per Available Passenger Cruise Days (“APCD”) decreased 0.7% as-reported. Net Cruise Costs (“NCC”), excluding Fuel, per APCD decreased 1.9% as-reported and 1.8% in Constant Currency, due to the timing of expenses that shifted into the fourth quarter.
  • Net Income was $1.7 billion or $6.45 per share, Adjusted Net Income was $1.8 billion or $6.57 per share, and Adjusted EBITDA was $2.5 billion.

Full Year 2026 Outlook:

  • Revenue is expected to grow 9% year over year. Net Yields are expected to increase approximately 2.7% as-reported and approximately 2.1% in Constant Currency.
  • NCC, excluding Fuel, per APCD are expected to increase approximately 0.4% as-reported and be approximately flat in Constant Currency.
  • Adjusted EPS is expected to be in the range of $17.85 to $17.95.

Sandals and Beaches Resorts Partnership

In September, Royal Caribbean Group announced an agreement to acquire a 50% interest in Sandals and Beaches Resorts, expanding the company’s vacation platform into the all-inclusive resort category. The Sandals and Beaches Resorts’ portfolio includes 18 resorts across the Caribbean and three resorts under development. It also includes over 1,000 acres of undeveloped land in the Caribbean, including acreage adjacent to existing resorts, creating a meaningful runway for continued growth.

Sandals and Beaches are leading brands in the all-inclusive resort category, with high brand awareness, strong guest satisfaction and a loyal customer base. The portfolio has benefited from significant investment in recent years, including physical upgrades across the resorts and continued enhancements to the guest experience.  The partnership will preserve the identity, operating leadership, and Caribbean character of the brands, while providing additional resources and capabilities to support continued value creation. Approximately 30% of Royal Caribbean Group guests also take all-inclusive vacations, while a similar percentage of Sandals and Beaches guests also cruise, creating a significant opportunity to introduce each portfolio to new guests and capture a greater share of the vacations they already take.

“Our mission is to deliver the best vacation experiences responsibly. Sandals and Beaches Resorts extend our platform into an attractive adjacent category, unlocking more ways to deliver on that mission,” said Jason Liberty, Chairman and CEO, Royal Caribbean Group. “Underpinned by the strength and significant growth opportunities of our core business, this investment accelerates our strategy to capture a greater share of the rapidly growing vacation market. By bringing together Sandals and Beaches’ hospitality and Caribbean expertise with our global commercial reach, loyalty and technology capabilities, we see meaningful opportunities to reach new guests, increase vacation frequency, and leverage our combined scale to create additional synergies and value over time.”

The investment is expected to close in early 2027, subject to customary closing conditions and regulatory approvals. The company’s share of earnings from Sandals and Beaches Resorts is expected to be immediately accretive, with contribution in 2027 dependent on the timing of the transaction close. The investment is expected to be accounted for under the equity method, with results reported on a one-quarter lag. The expected contribution from Sandals and Beaches Resorts will be incorporated into the company’s 2027 guidance, along with related detail, upon closing.

Third Quarter 2026 Results

Net Income for the third quarter of 2026 was $1.7 billion or $6.45 per share compared to Net Income of $1.6 billion or $5.74 per share for the same period in the prior year. Adjusted Net Income was $1.8 billion or $6.57 per share for the third quarter of 2026 compared to Adjusted Net Income of $1.6 billion or $5.75 per share for the same period in the prior year. The company also reported total revenues of $5.6 billion and Adjusted EBITDA of $2.5 billion.

Capacity for the third quarter was up 8% year over year and the company delivered memorable vacations to 2.7 million guests, a 9% increase year over year. Total revenue increased 9% year over year. Gross Margin Yields decreased 0.8% as-reported, and Net Yields increased 0.9% as-reported (0.6% in Constant Currency), when compared to the third quarter of 2025. Load factor for the quarter was 112%. Net Yield growth exceeded the company’s guidance primarily driven by better than expected close-in demand in Europe and the Caribbean.

Gross Cruise Costs per APCD decreased 0.7% as-reported, compared to the third quarter of 2025. NCC, excluding Fuel, per APCD decreased 1.9% as-reported (and decreased 1.8% in Constant Currency), when compared to the third quarter of 2025. The better-than-expected cost performance in the third quarter was due to the timing of expenses that shifted into the fourth quarter.

Demand, Bookings and Vacation Platform

Since the last earnings call, booking volumes have increased in the mid-teens across all major channels, with bookings for 2027 sailings up in the high teens, demonstrating strong demand as booking activity builds for 2027.

The company continues to see strong engagement across the vacation journey. Third quarter pre-cruise and onboard revenue rates were ahead of prior year, and fourth quarter pre-cruise revenue rates are also booked ahead of last year. The company’s expanding range of products and services, together with its technology capabilities, is enabling more relevant and personalized engagement by connecting guests with the right experiences at the right time.

Fourth Quarter 2026

In line with the company’s prior expectation, Net Yields are expected to be 4.4% to 4.9% as-reported and 4.2% to 4.7% in Constant Currency as compared to 2025. Net Yield growth is driven by strong demand, a more favorable year-over-year comparison, deployment mix, and the timing of dry docks. Total revenue is expected to grow 9%.

NCC, excluding Fuel, per APCD is expected to decrease 1.5% to 1.0% as-reported and 1.4% to 0.9% in Constant Currency as compared to 2025.

Based on current fuel pricing, interest rates, currency exchange rates and the factors detailed above, the company expects fourth quarter Adjusted EPS to be in the range of $3.48 to $3.58.

Fuel Expense

Bunker pricing, net of hedging, for the third quarter was $778 per metric ton and consumption was 446,000 metric tons.

The company does not forecast fuel prices and its fuel cost calculations are based on current at-the-pump prices, net of hedging impacts. Based on current fuel prices, the company has included $379 million of fuel expense in its fourth quarter guidance, which is 58% hedged via swaps at a forecasted consumption of 463,000 metric tons.

Forecasted consumption is 58%, 53%, 29%, and 14% hedged via swaps for 2026, 2027, 2028, and 2029 respectively. The annual average cost per metric ton of the hedge portfolio is approximately $471, $405, $424, and $451 for 2026, 2027, 2028, and 2029 respectively.

The company provided the following guidance for the fourth quarter and full year 2026: 

FUEL STATISTICS

Fourth Quarter 2026

Full Year 2026

Fuel Consumption (metric tons)

463,000

1,763,000

Fuel Expenses

$379 million

$1,345 million


Fourth Quarter 2026

Remainder of Year 2026

Percent Hedged (fwd. consumption)

58.0 %

58.0 %




GUIDANCE

As-Reported

Constant Currency


Fourth Quarter 2026

Net Yields vs. 2025

4.4% to 4.9%

4.2% to 4.7%

Net Cruise Costs per APCD vs. 2025

1.9% to 2.4%

2.0% to 2.5%

Net Cruise Costs per APCD ex. Fuel vs. 2025

(1.5%) to (1.0%)

(1.4%) to (0.9%)


Full Year 2026

Net Yields vs. 2025

Approximately 2.7%

Approximately 2.1%

Net Cruise Costs per APCD vs. 2025

Approximately 1.8%

Approximately 1.5%

Net Cruise Costs per APCD ex. Fuel vs. 2025

Approximately 0.4%

Approximately Flat







GUIDANCE

Fourth Quarter 2026

Full Year 2026

APCDs

14.7 million

56.8 million

Capacity change vs. 2025

5.0 %

6.6 %

Depreciation and amortization

$460 to $470 million

$1,870 to $1,890 million

Net Interest, excluding loss on extinguishment of debt

$255 to $265 million

$995 to $1,005 million

Adjusted EPS

$3.48 to $3.58

$17.85 to $17.95




SENSITIVITY

Fourth Quarter 2026

Full Year 2026

1% Change in Net Yields

$37 million

$155 million

1% Change in NCC excluding Fuel

$19 million

$73 million


Fourth Quarter 2026

Remainder of Year 2026

1% Change in Currency

$6 million

$6 million

10% Change in Fuel prices

$15 million

$15 million

100 basis pt. Change in SOFR

$0.3 million

$0.3 million



Exchange rates used in guidance calculations


GBP

$1.32


AUD

$0.70


CAD

$0.70


EUR

$1.12


Liquidity

As of September 30, 2026, the company’s liquidity position was $7.4 billion, which includes cash and cash equivalents and undrawn revolving credit facility capacity. During the quarter, the company issued $1.25 billion of 5.550% senior unsecured notes due 2034. The proceeds were used to repay a portion of the company’s floating-rate term loan facilities and debt maturing in 2027.

In October, the company entered into a $400 million delayed-draw term loan with Export Development Canada (EDC), Canada’s export credit agency, representing a new source of capital. The facility includes terms and covenants that are generally consistent with the company’s existing revolving credit facility. In addition, the company increased its revolving credit facility by $50 million, for a total capacity of $6.65 billion.

The company noted that as of September 30, 2026, the scheduled debt maturities for 2026, 2027, 2028, 2029 and 2030 were $0.6 billion, $2.4 billion, $3.2 billion, $1.1 billion, and $1.1 billion respectively.

Capital Expenditures and Capacity Guidance

Capital expenditures for the full year 2026 are expected to be approximately $4.6 billion, based on current foreign exchange rates, and are predominantly related to the company’s new ship order book and land-based destination initiatives. Non-new ship related capital expenditures are expected to be $1.5 billion.

Capacity changes for 2026 are expected to be 6.6% compared to 2025. Capacity changes for 2027, 2028, and 2029 are expected to be approximately 4.5%, 6.0%, and 6.5%, respectively. These figures do not include potential ship sales or additions that the company may elect in the future.

Conference call scheduled

The company has scheduled a conference call at 10 a.m. Eastern Time today. This call can be heard, either live or on a delayed basis, on the company’s investor relations website at www.rclinvestor.com. 

Definitions

Selected Operational and Financial Metrics

Adjusted Earnings per Share (“Adjusted EPS”) is a non-GAAP measure that represents Adjusted Net Income attributable to Royal Caribbean Cruises Ltd. (as defined below) divided by basic weighted average shares outstanding or by diluted weighted average shares outstanding, as applicable. We believe that this non-GAAP measure is meaningful when assessing our performance on a comparative basis.

Adjusted EBITDA is a non-GAAP measure that represents EBITDA (as defined below) excluding certain items that we believe adjusting for is meaningful when assessing our profitability on a comparative basis. For the periods presented, these items included (i) other (income) expense; (ii) restructuring charges and other initiative expenses; and (iii) equity investment impairment, (recovery) of losses and other.

Adjusted EBITDA Margin is a non-GAAP measure that represents Adjusted EBITDA (as defined above) divided by total revenues.

Adjusted Gross Margin represents Gross Margin, adjusted for payroll and related, food, fuel, other operating, and depreciation and amortization expenses. Gross Margin is calculated pursuant to GAAP as total revenues less total cruise operating expenses, and depreciation and amortization expenses.

Adjusted Net Income attributable to Royal Caribbean Cruises Ltd. is a non-GAAP measure that represents Net Income attributable to Royal Caribbean Cruises Ltd., excluding certain items that we believe adjusting for is meaningful when assessing our performance on a comparative basis. For the periods presented, these items included (i) loss on extinguishment of debt and inducement expense; (ii) restructuring charges and other initiative expenses; (iii) the amortization of the Silversea intangible assets resulting from the Silversea acquisition; (iv) gain on sale of noncontrolling interest; and (v) equity investment impairment, (recovery) of losses, and other.

Adjusted Operating Income is a non-GAAP measure that represents operating income including income from equity investments and provision for income taxes but excluding certain items for which we believe adjusting for is meaningful when assessing our operating performance on a comparative basis. We use this non-GAAP measure to calculate ROIC (as defined below).

Available Passenger Cruise Days (“APCD”) is our measurement of capacity and represents double occupancy per cabin multiplied by the number of cruise days for the period, which excludes canceled cruise days and cabins not available for sale. We use this measure to perform capacity and rate analysis to identify our main non-capacity drivers that cause our cruise revenue and expenses to vary.

Constant Currency is a significant measure for our revenues and expenses, which are denominated in currencies other than the U.S. Dollar. Because our reporting currency is the U.S. Dollar, the value of these revenues and expenses in U.S. Dollar will be affected by changes in currency exchange rates. Although such changes in local currency prices are just one of many elements impacting our revenues and expenses, it can be an important element. For this reason, we also monitor our revenues and expenses in “Constant Currency” – i.e., as if the current period’s currency exchange rates had remained constant with the comparable prior period’s rates. We calculate “Constant Currency” by applying the average of the prior period exchange rates for each of the corresponding months, of the reported and/or forecasted period, so as to calculate what the results would have been had exchange rates been the same throughout both periods. We do not make predictions about future exchange rates and use current exchange rates for calculations of future periods. It should be emphasized that the use of Constant Currency is primarily used by us for comparing short-term changes and/or projections. Over the longer term, changes in guest sourcing and shifting the amount of purchases between currencies can significantly change the impact of the purely currency-based fluctuations.

EBITDA is a non-GAAP measure that represents Net Income attributable to Royal Caribbean Cruises Ltd. excluding (i) interest income; (ii) interest expense, net of interest capitalized; (iii) depreciation and amortization expenses; and (iv) provision for income taxes. We believe that this non-GAAP measure is meaningful when assessing our operating performance on a comparative basis.

Gross Cruise Costs represent the sum of total cruise operating expenses plus marketing, selling and administrative expenses.

Gross Margin Yield represent Gross Margin per APCD.

Invested Capital represents the most recent five-quarter average of total debt (i.e., Current portion of long-term debt plus Long-term debt) plus the most recent five-quarter average of Total shareholders’ equity. We use this measure to calculate ROIC (as defined below).

Net Cruise Costs and Net Cruise Costs excluding Fuel are non-GAAP measures that represent Gross Cruise Costs excluding commissions, transportation and other expenses, and onboard and other expenses and, in the case of Net Cruise Costs excluding Fuel, fuel expenses. In measuring our ability to control costs in a manner that positively impacts net income, we believe changes in Net Cruise Costs and Net Cruise Costs excluding Fuel to be the most relevant indicators of our cost performance. For the periods presented, Net Cruise Costs and Net Cruise Costs excluding Fuel exclude restructuring charges and other initiative expenses.

Net Yields represent Adjusted Gross Margin per APCD. We utilize Adjusted Gross Margin and Net Yields to manage our business on a day-to-day basis as we believe that they are the most relevant measures of our pricing performance because they reflect the cruise revenues earned by us net of our most significant variable costs, which are commissions, transportation and other expenses, and onboard and other expenses.

Occupancy (“Load factor”), in accordance with cruise vacation industry practice, is calculated by dividing Passenger Cruise Days (as defined below) by APCD. A percentage in excess of 100% indicates that three or more passengers occupied some cabins.

Passenger Cruise Days (“PCD”) represent the number of passengers carried for the period multiplied by the number of days of their respective cruises.

Perfecta Program refers to the multi-year Adjusted EPS and ROIC goals we are seeking to achieve by end of 2027. Under our Perfecta Program, we are targeting 20% compound annual growth rate in Adjusted EPS compared to 2024 and ROIC of 17% or higher by the end of 2027.

Return on Invested Capital (“ROIC”) represents Adjusted Operating Income divided by Invested Capital. We believe ROIC is a meaningful measure because it quantifies how efficiently we generated operating income relative to the capital we have invested in the business.

For additional information see “Adjusted Measures of Financial Performance” below.

About Royal Caribbean Group

Royal Caribbean Group is a leading global vacation company spanning cruise, exclusive destinations, and land-based vacation experiences. The company operates 71 ships sailing to more than 1,000 destinations across all seven continents through its three wholly owned brands – Royal Caribbean, Celebrity Cruises, and Silversea – and a 50% joint venture interest in TUI Cruises which operates the Mein Schiff and Hapag-Lloyd brands.

The Group is expanding its portfolio of private destinations through its Perfect Day and Royal Beach Club collections, and the company will enter river cruising in 2027 with Celebrity River Cruises. Powered by innovative brands, advanced technology, and an industry-leading loyalty program, the company has built a connected vacation ecosystem, turning the vacation of a lifetime into a lifetime of vacations.

Named to the Fortune World’s Most Admired Companies 2026 list and to Forbes’ 2026 Best American Companies lists, Royal Caribbean Group is guided by its mission to deliver the best vacations responsibly. For more information, visit www.royalcaribbeangroup.com.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements in this press release relating to, among other things, our future performance estimates, forecasts and projections constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to: statements regarding the benefits and expected impact of the proposed joint venture with Sandals and Beaches Resorts, including the timing of the closing of the transaction, earnings impact, and anticipated growth, expansion and future opportunities for the joint venture; statements regarding revenues, costs and financial results for 2026 and beyond; anticipated timing for launch of private destinations; our progress toward achievement of our Perfecta program; demand for our brands; expectations on river cruise offerings; future capital expenditures; and expectations regarding our credit profile and fuel expenses. Words such as “anticipate,” “believe,” “committed,” “could,” “driving,” “estimate,” “expect,” “goal,” “intend,” “may,” “plan,” “encouraged,” “project,” “shaping up,” “position,” “allows,” “seek,” “should,” “will,” “would,” “considering,” and similar expressions are intended to help identify forward-looking statements. Forward-looking statements reflect management’s current expectations, are based on judgments, are inherently uncertain and are subject to risks, uncertainties and other factors, which could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Examples of these risks, uncertainties and other factors include, but are not limited to, the following: the impact of the economic and geopolitical environment, including changing tariffs and the related uncertainty thereof, on key aspects of our business, such as the demand for cruises, passenger spending, and operating costs; changes in operating costs; the unavailability or cost of air service; disease outbreaks and increased concern about the risk of illness on our ships or when travelling to or from our ships, which could cause a decrease in demand, guest cancellations, and ship redeployments; incidents or adverse publicity concerning our ships, port facilities, land destinations and/or passengers or the cruise vacation industry in general; the effects of weather, climate events and/or natural disasters on our business; risks related to our sustainability activities; the impact of issues at shipyards, including ship delivery delays, ship cancellations or ship construction cost increases; shipyard unavailability; unavailability of ports of call; vacation industry competition and increase in industry capacity and overcapacity; inability to manage our cost and capital allocation strategies; the uncertainties of conducting business globally and expanding into new markets and new ventures, including potential acquisitions; issues with travel advisers that sell and market our cruises; reliance on third-party service providers; potential unavailability of insurance coverage; the risks and costs related to cyber security attacks, data breaches, protecting our systems and maintaining data integrity and security; uncertainties of a foreign legal system as we are not incorporated in the United States; our ability to obtain sufficient financing or capital to fund our capital expenditures, operations, debt repayments and other financing needs; our expectation and ability to pay a cash dividend on our common stock in the future; changes to our dividend policy; growing anti-tourism sentiments and environmental concerns; changes in U.S. or other countries’ foreign travel policy; impact of new or changing legislation and regulations (including environmental regulations) or governmental orders on our business; fluctuations in foreign currency exchange rates, fuel prices and interest rates; further impairments of our goodwill, long-lived assets, equity investments and notes receivable; an inability to source our crew or our provisions and supplies from certain places; our ability to recruit, develop and retain high quality personnel; and pending or threatened litigation, investigations and enforcement actions.

More information about factors that could affect our operating results is included under the caption “Risk Factors” in our most recent annual report on Form 10-K, as well as our other filings with the SEC, copies of which may be obtained by visiting our Investor Relations website at www.rclinvestor.com or the SEC’s website at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Adjusted Measures of Financial Performance

This press release includes certain adjusted financial measures defined as non-GAAP financial measures under Securities and Exchange Commission rules, which we believe provide useful information to investors as a supplement to our consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles, or U.S. GAAP.

The presentation of adjusted financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. These measures may be different from adjusted measures used by other companies. In addition, these adjusted measures are not based on any comprehensive set of accounting rules or principles. Adjusted measures have limitations in that they do not reflect all of the amounts associated with our results of operations as do the corresponding U.S. GAAP measures.

A reconciliation to the most comparable U.S. GAAP measure of all adjusted financial measures included in this press release can be found in the tables included at the end of this press release. We have not provided a quantitative reconciliation of the projected non-GAAP financial measures to the most comparable GAAP financial measures because preparation of meaningful U.S. GAAP projections would require unreasonable effort. Due to significant uncertainty, we are unable to predict, without unreasonable effort, the future movement of foreign exchange rates, fuel prices and interest rates inclusive of our related hedging programs. In addition, we are unable to determine the future impact of non-core business related gains and losses which may result from strategic initiatives. These items are uncertain and could be material to our results of operations in accordance with U.S. GAAP. Due to this uncertainty, we do not believe that reconciling information for such projected figures would be meaningful.

ROYAL CARIBBEAN CRUISES LTD.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(unaudited, in millions, except per share data)










Quarter Ended


Nine Months Ended


September 30,


September 30,


2026


2025


2026


2025

Passenger ticket revenues

$         3,885


$       3,637


$     10,250


$      9,579

Onboard and other revenues

1,706


1,502


4,625


4,097

Total revenues

5,591


5,139


14,876


13,676

Cruise operating expenses:








Commissions, transportation and other

735


696


1,921


1,823

Onboard and other

338


312


838


775

Payroll and related

399


342


1,204


1,010

Food

287


264


813


750

Fuel

347


297


966


854

Other operating

606


569


1,763


1,630

Total cruise operating expenses

2,711


2,479


7,506


6,841

Marketing, selling and administrative expenses

519


522


1,615


1,593

Depreciation and amortization expenses

490


435


1,415


1,265

Operating Income

1,871


1,702


4,340


3,977

Other income (expense):








Interest income

5


3


15


17

Interest expense, net of interest capitalized

(291)


(248)


(805)


(725)

Equity investment income

176


158


328


313

Other income (expense)

1


(2)


10


13

Income before income taxes

1,762


1,612


3,887


3,596

Provision for income taxes

(27)


(34)


(66)


(67)

Net Income

1,735


1,579


3,821


3,529

Less: Net Income attributable to noncontrolling interest

7


4


23


15

Net Income attributable to Royal Caribbean Cruises Ltd.

$         1,728


$       1,575


$      3,798


$      3,514









Earnings per Share:








Basic

$          6.46


$        5.79


$      14.15


$      12.97

Diluted

$          6.45


$        5.74


$      14.12


$      12.83









Weighted-Average Shares Outstanding:








Basic

267


272


268


271

Diluted

268


274


269


275









Comprehensive Income (Loss)








Net Income

$         1,735


$       1,579


$      3,821


$      3,529

Other comprehensive income (loss):








Foreign currency translation adjustments

(6)


(2)


(6)


(28)

Change in defined benefit plans

7


(2)


11


(2)

Gain (loss) on cash flow derivative hedges

131


(5)


215


304

Total other comprehensive income (loss)

133


(9)


220


274

Comprehensive Income

1,868


1,570


4,042


3,803

Less: Comprehensive Income attributable to noncontrolling interest

7


4


23


15

Comprehensive Income attributable to Royal Caribbean Cruises Ltd.

$         1,861


$       1,566


$      4,018


$      3,788


Certain amounts may not add or calculate due to use of rounded numbers.

 

ROYAL CARIBBEAN CRUISES LTD.

STATISTICS

(unaudited)



Quarter Ended


Nine Months Ended


September 30,


September 30,


2026


2025


2026


2025









Passengers Carried

2,676,480


2,466,039


7,567,360


6,961,768

Passenger Cruise Days

16,692,392


15,356,271


46,527,802


43,402,497

APCD

14,844,688


13,698,886


42,119,787


39,299,263

Occupancy

112.4 %


112.1 %


110.5 %


110.4 %

 

ROYAL CARIBBEAN CRUISES LTD.

CONSOLIDATED BALANCE SHEETS

(in millions, except share data)


As of


September 30,


December 31,


2026


2025


(unaudited)



Assets




Current assets




Cash and cash equivalents

$                851


$                825

Trade and other receivables, net

409


317

Inventories

304


264

Prepaid expenses and other assets

750


690

Derivative financial instruments

160


115

Total current assets

2,474


2,211

Property and equipment, net

38,297


35,696

Operating lease right-of-use assets

751


620

Goodwill

808


808

Other assets

2,483


2,284

Total assets

$             44,813


$             41,619





Liabilities and Shareholders’ Equity




Current liabilities




Current portion of long-term debt

$              2,239


$              3,180

Current portion of operating lease liabilities

71


90

Accounts payable

979


953

Accrued expenses and other liabilities

1,983


2,026

Derivative financial instruments

107


67

Customer deposits

6,034


5,739

Total current liabilities

11,413


12,055

Long-term debt

20,116


18,165

Long-term operating lease liabilities

744


600

Other long-term liabilities

627


554

Total liabilities

32,900


31,374





Shareholders’ equity




Preferred stock ($0.01 par value; 20,000,000 shares authorized; none outstanding)

—


—

Common stock ($0.01 par value; 500,000,000 shares authorized; 303,899,853 and 303,054,848 shares

issued, at September 30, 2026 and December 31, 2025, respectively)

3


3

Paid-in capital

7,916


7,964

Retained earnings

8,512


5,925

Accumulated other comprehensive loss

(384)


(604)

Treasury stock (36,429,278 and 32,631,826 common shares at cost, at September 30, 2026  and

December 31, 2025, respectively)

(4,334)


(3,251)

Total shareholders’ equity attributable to Royal Caribbean Cruises Ltd.

11,713


10,037

Noncontrolling Interest

200


208

Total shareholders’ equity

11,913


10,245

Total liabilities and shareholders’ equity

$             44,813


$             41,619

 

ROYAL CARIBBEAN CRUISES LTD.

CONSOLIDATED STATEMENTS OF CASH FLOW

(unaudited; in millions)


Nine Months Ended September 30,


2026


2025

Operating Activities




Net Income

$            3,821


$            3,529

Adjustments:




Depreciation and amortization

1,415


1,265

Net deferred income tax (benefit) expense

(5)


15

Loss (Gain) on derivative instruments not designated as hedges

4


(45)

Share-based compensation expense

94


136

Equity investment income

(328)


(313)

Amortization of debt issuance costs, discounts and premiums

16


72

Loss on extinguishment of debt and inducement expense

105


10

Changes in operating assets and liabilities:




Increase in trade and other receivables, net

(109)


(34)

Increase in inventories

(40)


(4)

Increase in prepaid expenses and other assets

(112)


(42)

Decrease in accounts payable

(60)


(100)

(Decrease) increase in accrued expenses and other liabilities

(220)


19

Increase in customer deposits

295


108

Dividends received from unconsolidated affiliates

309


263

Other, net

89


(37)

Net cash provided by operating activities

5,274


4,842

Investing Activities




Purchases of property and equipment

(3,880)


(3,722)

Cash received on settlement of derivative financial instruments

122


144

Cash paid on settlement of derivative financial instruments

(27)


(12)

Investments in and loans to unconsolidated affiliates

(49)


(94)

Cash received on loans from unconsolidated affiliates

—


126

Other, net

2


25

Net cash used in investing activities

(3,832)


(3,533)

Financing Activities




Debt proceeds

7,227


3,162

Debt issuance costs

(124)


(100)

Repayments of debt

(6,236)


(3,075)

Repurchase of common stock

(1,035)


(655)

Dividends paid

(1,075)


(552)

Payments of withholding tax on stock awards

(191)


(63)

Other, net

19


11

Net cash used in financing activities

(1,415)


(1,272)

Effect of exchange rate changes on cash and cash equivalents

(1)


7

Net increase in cash and cash equivalents

26


44

Cash and cash equivalents at beginning of period

825


388

Cash and cash equivalents at end of period

$               851


$               432





Supplemental Disclosure




Cash paid during the period for:




Interest, net of amount capitalized

$               739


$               709

Non-cash Investing Activities




Purchase of property and equipment included in accounts payable and accrued expenses and other liabilities

$               137


$                 83

 

ROYAL CARIBBEAN CRUISES LTD.

NON-GAAP RECONCILING INFORMATION

(unaudited)

Gross Margin Yields, Net Yields and Adjusted Gross Margin per PCD are calculated as follows (in millions, except APCD, PCD, Yields, and Adjusted Gross

Margin per PCD. Certain amounts may not add or calculate due to the use of rounded numbers):














Quarter Ended September 30,


Nine Months Ended September 30,


2026


2026 On a

Constant

Currency Basis


2025


2026


2026 On a

Constant Currency

Basis


2025

Total revenues

$         5,591


$              5,579


$         5,139


$       14,876


$                   14,767


$       13,676

Less:












Cruise operating expenses

2,711


2,715


2,479


7,506


7,478


6,841

Depreciation and amortization expenses

490


490


435


1,415


1,419


1,265

Gross Margin

2,390


2,374


2,225


5,955


5,870


5,570

Add:












Payroll and related

399


399


342


1,204


1,204


1,010

Food

287


287


264


813


813


750

Fuel

347


347


297


966


967


854

Other operating

606


609


569


1,763


1,748


1,630

Depreciation and amortization expenses

490


490


435


1,415


1,419


1,265

Adjusted Gross Margin

$         4,519


$              4,506


$         4,131


$       12,116


$                   12,021


$       11,077













APCD

14,844,688


14,844,688


13,698,886


42,119,787


42,119,787


39,299,263

Passenger Cruise Days

16,692,392


16,692,392


15,356,271


46,527,802


46,527,802


43,402,497

Gross Margin Yields

$       161.03


$            159.95


$       162.39


$       141.38


$                   139.36


$       141.73

Net Yields

$       304.41


$            303.54


$       301.58


$       287.66


$                   285.39


$       281.87

Adjusted Gross Margin per PCD

$       270.71


$            269.94


$       269.03


$       260.40


$                   258.35


$       255.22

 

ROYAL CARIBBEAN CRUISES LTD.

NON-GAAP RECONCILING INFORMATION

(unaudited)

Gross Cruise Costs, Net Cruise Costs and Net Cruise Costs excluding Fuel are calculated as follows (in millions, except APCD and costs per APCD. Certain

amounts may not add or calculate due to the use of rounded numbers):














Quarter Ended September 30,


Nine Months Ended September 30,


2026


2026 On a

Constant

Currency Basis


2025


2026


2026 On a

Constant

Currency Basis


2025

Total cruise operating expenses

$         2,711


$              2,715


$         2,479


$         7,506


$              7,478


$         6,841

Marketing, selling and administrative expenses

519


519


522


1,615


1,604


1,593

Gross Cruise Costs

3,231


3,234


3,001


9,121


9,083


8,434

Less:












Commissions, transportation and other

735


735


696


1,921


1,909


1,823

Onboard and other

338


338


312


838


837


775

Net Cruise Costs including other costs

2,158


2,161


1,993


6,361


6,336


5,836

Less:












Restructuring charges and other initiative expenses (1)

9


9


1


11


11


7

Net Cruise Costs

2,149


2,152


1,992


6,350


6,325


5,829

Less:












Fuel

347


347


297


966


967


854

Net Cruise Costs excluding Fuel

$         1,802


$              1,805


$         1,695


$         5,383


$              5,358


$         4,976













APCD

14,844,688


14,844,688


13,698,886


42,119,787


42,119,787


39,299,263

Gross Cruise Costs per APCD

$       217.64


$            217.85


$       219.09


$        216.54


$            215.64


$        214.61

Net Cruise Costs per APCD

$       144.79


$            144.96


$       145.44


$        150.76


$            150.16


$        148.33

Net Cruise Costs excluding Fuel per APCD

$       121.38


$            121.56


$       123.75


$        127.81


$            127.21


$        126.61

(1)

These amounts are included in Marketing, selling and administrative expenses within our consolidated statements of comprehensive income (loss).

 

ROYAL CARIBBEAN CRUISES LTD.

NON-GAAP RECONCILING INFORMATION

(unaudited)

EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin are calculated as follows (in millions, except APCD and per APCD data. Certain amounts may not

add or calculate due to the use of rounded numbers):












Quarter Ended September 30,


Nine Months Ended September 30,



2026


2025


2026


2025










Net Income attributable to Royal Caribbean Cruises Ltd.


$          1,728


$           1,575


$            3,798


$          3,514

Interest income


(5)


(3)


(15)


(17)

Interest expense, net of interest capitalized


291


248


805


725

Depreciation and amortization expenses


490


435


1,415


1,265

Provision for income taxes


27


34


66


67

EBITDA


2,531


2,289


6,069


5,553










Other (income) expense


(1)


2


(10)


(13)

Restructuring charges and other initiative expenses (1)


9


1


11


7

Equity investment impairment, (recovery) of losses and other


—


—


—


(1)

Adjusted EBITDA


$          2,539


$           2,293


$            6,071


$          5,545










Total revenues


$          5,591


$           5,139


$          14,876


$        13,676










APCD


14,844,688


13,698,886


42,119,787


39,299,263

Net Income attributable to Royal Caribbean Cruises Ltd. per APCD


$        116.44


$         114.94


$            90.18


$          89.42

Adjusted EBITDA per APCD


$        171.01


$         167.35


$          144.13


$        141.09

Adjusted EBITDA Margin


45.4 %


44.6 %


40.8 %


40.5 %

(1)

These amounts are included in Marketing, selling and administrative expenses within our consolidated statements of comprehensive income (loss).

 

ROYAL CARIBBEAN CRUISES LTD.

NON-GAAP RECONCILING INFORMATION

(unaudited)

Adjusted Net Income attributable to Royal Caribbean Cruises Ltd., and Adjusted Earnings per Share are calculated as follows (in millions, except per share data. Certain amounts may not add

or calculate due to the use of rounded numbers):






Quarter Ended September 30,


Nine Months Ended September 30,


2026


2025


2026


2025









Net Income attributable to Royal Caribbean Cruises Ltd.

$               1,728


$               1,575


$                  3,798


$               3,514

Loss on extinguishment of debt and inducement expense (1)

21


—


50


10

Restructuring charges and other initiative expenses (2)

9


1


11


7

Amortization of Silversea intangible assets resulting from the Silversea acquisition

2


2


5


5

Gain on sale of noncontrolling interest (3)

—


—


—


(11)

Equity investment impairment, (recovery) of losses and other

—


—


—


(1)

Adjusted Net Income attributable to Royal Caribbean Cruises Ltd.

$               1,760


$               1,577


$                  3,865


$               3,523









Earnings per Share – Diluted (4)

$                 6.45


$                 5.74


$                  14.12


$               12.83

Adjusted Earnings per Share – Diluted (5)

$                 6.57


$                 5.75


$                  14.36


$               12.83









Weighted-Average Shares Outstanding – Diluted

268


274


269


275

(1)

For 2026, includes the loss on extinguishment of debt associated with the February and August redemptions of debt. For 2025, includes $10 million of inducement expense related to the settlements of the 2025 6.00% convertible notes. These amounts are included in Interest expense, net of interest capitalized within our consolidated statements of comprehensive income (loss).

(2)

These amounts are included in Marketing, selling and administrative expenses within our consolidated statements of comprehensive income (loss).

(3)

For 2025, represents gain on sale of noncontrolling interest of Floating Docks and Grand Bahama Shipyard. These amounts are included in Other income (expense) within our consolidated statements of comprehensive income (loss).

(4)

For 2025, diluted EPS includes the add-back of dilutive inducement and interest expense related to our convertible notes of $16 million for the nine months ended September 30, 2025.

(5)

For 2025, Adjusted Diluted EPS includes the add-back of dilutive interest expense related to our convertible notes of $6 million for the nine months ended September 30, 2025.

 

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27, Oct 2026
SBI Life launches ‘Waiver of Premium’ rider, ensuring continuity of policyholders’ long-term financial plans

New rider waives all future premiums upon occurrence of specified contingencies, helping customers maintain continuity of their life insurance plans

MUMBAI, India, Oct. 27, 2026 /PRNewswire/ — SBI Life Insurance, one of India’s most trusted private life insurers, launched ‘Waiver of Premium‘ rider, designed to ensure that policyholders’ long-term financial plans are not derailed by setbacks in life, such as a critical illness or disability.

SBI Life launches ‘Waiver of Premium’ rider

Financial planning is inherently long term, with commitments often extending across several years. Whether it is planning for a child’s education, preparing for retirement, creating financial security for loved ones or meeting other important financial commitments, staying on track requires not only adequate protection but also the ability to sustain the financial commitment over time. An unforeseen event can impact one’s ability to meet premium commitments. SBI Life’s ‘Waiver of Premium’ rider addresses this need by waiving-off all future premiums (including extra premiums) upon the occurrence of specified contingencies covered under the rider, helping the base policy and other attached riders to continue as envisioned. Thus, families remain protected and long-term goals such as child’s education, retirement etc stay on course even when policyholder is unable to continue paying.

Available with select individual non-linked & linked life insurance products, the rider adds an additional layer of resilience to the financial commitment underlying a life insurance plan. Commenting on the launch, Mr. M. Anand, President & Chief Distribution Officer, SBI Life Insurance, said, “Financial security is not only about preparing for what lies ahead, but also about building resilience into future financial commitments. As customers plan across longer financial horizons, protection solutions need to address not just the risks they anticipate, but also the potential impact of unforeseen circumstances on their ability to sustain those plans. SBI Life’s Waiver of Premium rider is designed with this perspective, adding an important layer of continuity to long-term financial planning.” He further added, “At SBI Life, our endeavour is to make protection more relevant to the way customers approach financial planning today. The new rider reflects this approach by strengthening the resilience of life insurance plans against specified contingencies. By helping preserve continuity when circumstances change, the rider reinforces our commitment to enabling customers to approach their financial future with greater confidence and preparedness.”

Key features of ‘Waiver of Premium Riders’:

  • Premium continuity: All future premiums (including extra premiums) are waived upon specified contingencies, helping the base policy and other attached riders to continue as per their terms.
  • Specified Protection: The rider covers Accidental Total Permanent Disability (ATPD) and 21 specified critical illnesses when the proposer and life assured are the same.
  • Protection for the proposer: The rider covers the proposer’s death, ATPD and 21 specified critical illnesses when the proposer and life assured are different.
  • Flexible entry: Can be opted at inception or at a subsequent policy anniversary, subject to eligibility and a minimum outstanding premium payment term of five years.

 With the launch of the ‘Waiver of Premium’ rider, SBI Life Insurance continues to strengthen its portfolio of customer-centric protection solutions that encourage disciplined financial planning and help individuals and families stay invested in their dreams, regardless of life’s uncertainties.

About SBI Life Insurance

SBI Life Insurance (‘SBI Life’ / ‘The Company’), one of the most trusted life insurance companies in India, was incorporated in October 2000 and is registered with the Insurance Regulatory and Development Authority of India (IRDAI) in March 2001.

Serving millions of families across India, SBI Life’s diverse range of products caters to individuals as well as group customers through Protection, Pension, Savings and Health solutions.

Driven by ‘Customer-First’ approach, SBI Life places great emphasis on maintaining world class operating efficiency and providing hassle-free claim settlement experience to its customers by following high ethical standards of service. Additionally, SBI Life is committed to enhance digital experiences for its customers, distributors and employees alike.

SBI Life strives to make insurance accessible to all, with its extensive presence across the country through its 1,241 offices, 29,055 employees, a large and productive network of about 2,93,443 agents, 81 corporate agents and 9 bancassurance partners with more than 40,000 partner branches, 161 brokers and other insurance marketing firms.

In addition to doing what’s right for the customers, the company is also committed to provide a healthy and flexible work environment for its employees to excel personally and professionally.

SBI Life strongly encourages a culture of giving back to the society and has made substantial contribution in the areas of child education, healthcare, disaster relief and environmental upgrade. In 2025-26, the Company touched over 20,500 direct beneficiaries through various CSR interventions.

Listed on the Bombay Stock Exchange (‘BSE’) and the National Stock Exchange (‘NSE’), the company has an authorized capital of ₹20.0 billion and a paid up capital of ₹10.0 billion. The AuM is ₹5,248.5 billion.

For more information, please visit our website- www.sbilife.co.in and connect with us on Facebook, Twitter, YouTube, Instagram, and LinkedIn.

(Numbers & data mentioned above are for the period ended June 30, 2026)

 

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