Viking Holdings stock rises on $1 billion buyback program

Viking Holdings Ltd (NYSE:VIK) experienced a 2.1% increase in its stock price after-hours on Thursday following the announcement of a $1 billion share repurchase program by the cruise operator. The company's board of directors authorized the buyback program for up to $1 billion of Viking's outstanding ordinary shares, providing flexibility to return capital to shareholders while continuing to invest in the fleet, guest experience, and future growth opportunities.

Repurchases under the program may be made through various methods, subject to market conditions and legal requirements, with Viking determining the timing, manner, price, and amount based on several factors. The share repurchase program does not obligate Viking to acquire any specific number of shares or expend any specific amount and may be modified, suspended, or terminated at any time.

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