Viking Holdings Appoints New CEO, Q1 Revenue Up 17.5%
2026-05-16 14:54
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en.Wedoany.com Reported - Viking Holdings Ltd has announced the appointment of President and Chief Financial Officer Leah Talactac as Chief Executive Officer. Founder Torstein Hagen transitions from Chairman and CEO to Executive Chairman, while continuing to serve as Chairman of the Board. Concurrently, Executive Vice President of Finance Linh Banh has been appointed Chief Financial Officer.

Talactac joined Viking in 2006 and has long served as a core leader on the executive team. In 2024, she worked alongside Hagen to take Viking public on the New York Stock Exchange, marking the largest initial public offering on the NYSE that year. In January 2025, she was appointed President while retaining her CFO responsibilities. Hagen stated that this leadership transition reflects the depth of the management team and the succession planning cultivated over many years, and that the Board has full confidence in Talactac's leadership capabilities. Talactac expressed gratitude for the trust of the Board and Hagen, and congratulated Linh Banh on leading a smooth transition of financial responsibilities in her new role.

The company concurrently released its financial results for the first quarter of 2026. Total revenue for Q1 was $1.0537 billion, an increase of 17.5% compared to the same period in 2025; Adjusted EBITDA was $104.8 million, up 43.9% year-over-year; Net Yield was $596, an increase of 9.5% year-over-year; Diluted loss per share was $0.12, with an adjusted loss per share of $0.11; Net Leverage Ratio decreased from 1.1x at the end of 2025 to 1.0x.

Hagen stated in the earnings release: "2026 is off to a strong start, and we are very pleased with our first quarter results. The 17.5% revenue growth driving a 43.9% year-over-year increase in Adjusted EBITDA fully demonstrates the demand for our products and our operational discipline." The company also disclosed that it is 92% booked for the full year 2026 and 38% booked for 2027.

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