Royal Caribbean
Q3 2022 Earnings Call
Nov 03, 2022, 10:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good morning, and welcome to the Royal Caribbean Group third quarter 2022 earnings conference call. [Operator instructions] I would now like to turn the conference over to Michael McCarthy, vice president, investor relations.
Michael McCarthy -- Vice President, Investor Relations
Good morning, everyone, and thank you for joining us today for our third quarter 2022 business update conference call. Joining me here in Miami are Jason Liberty, our chief executive officer; Naftali Holtz, our chief financial officer; and Michael Bayley, president and CEO of Royal Caribbean International. Before we get started, I'd like to note that we will be making forward-looking statements during this call. These statements are based on management's current expectations and are subject to risks and uncertainties.
A number of factors could cause actual results to differ materially from our current expectations. Please refer to our earnings release issued this morning, as well as our filings with the SEC, for a description of these factors. We do not undertake to update any forward-looking statements as circumstances change. Also, we will be discussing certain non-GAAP financial measures, which are adjusted as defined, and a reconciliation of all non-GAAP items can be found on our website and on our earnings release available at www.rclinvestor.com.
Jason will begin the call by providing a strategic overview and update on the business. Naftali will follow with a recap of our second quarter results and an update on our latest actions and on the current booking environment. We will then open the call for your questions. But first, we will start the call with this video highlighting and introducing our Trifecta program.
[Commercial break]
Jason Liberty -- Chief Executive Officer
Thank you, Michael, and good morning, everyone. Over the past several months, our teams have been very busy and focused on generating strong quality demand, combating inflation, and most of all, delivering the best vacations in the world as we return our business closer to historical load factors while maintaining price integrity and generating $3 billion in revenue and almost $750 million in adjusted EBITDA in the third quarter. As you have seen in our announcement this morning, we have announced a three-year financial performance program that we have termed project Trifecta. Now, before getting into the details of the program, let's first talk about how the business is performing.