Carnival Earnings Reports

Carnival achieved record first-quarter revenue of $5.81 billion, driven by higher ticket prices and onboard spending. Operating income nearly doubled compared to the prior year, and adjusted net income turned positive. Despite a reported net loss, results exceeded expectations due to strong demand and effective cost management.

Carnival Corporation & plc announced strong Q4 2024 results, with revenues hitting a record $5.9 billion, a 10% increase compared to the previous year. Net income was $303 million, and adjusted EBITDA reached $1.2 billion, exceeding September guidance. The company anticipates continued growth in 2025, with net yields expected to increase by approximately 4.2% and adjusted net income projected to rise over 20%.

Carnival Corporation & plc reported a strong third quarter with record-high revenues and operating income. Net income increased by over 60% compared to the previous year, and the company raised its full-year adjusted EBITDA guidance.

Carnival Corporation & plc reported a strong third quarter with record revenue of $6.9 billion and a net income of $1.07 billion. The company's performance exceeded expectations, driven by strong demand and improved commercial execution. The cumulative advanced booked position for full year 2024 is well above the high end of the historical range at higher prices than 2023 levels.

Carnival Corporation & plc reports a record second quarter revenue of $4.9 billion and an operating income of $120 million, turning positive for the first time since the resumption of guest cruise operations. The company saw continued acceleration of demand, with total bookings made during the quarter reaching a new all-time high for all future sailings. Total customer deposits reached an all-time high of $7.2 billion.

Carnival Corporation & plc reported a U.S. GAAP net loss of $693 million, or $(0.55) diluted EPS, and adjusted net loss of $690 million, or $(0.55) adjusted EPS, which was better than the December guidance. The company's revenue for the first quarter of 2023 was $4.4 billion, representing 95% of 2019 levels. Total customer deposits reached a first quarter record of $5.7 billion. Cash from operations turned positive.

Carnival Corporation & plc reported a U.S. GAAP net loss of $1.6 billion for Q4 2022, with an adjusted net loss of $1.1 billion. However, the company saw improvements in revenue per passenger cruise day and occupancy compared to both Q3 2022 and 2019 levels. Customer deposits hit a record $5.1 billion, and the company ended the quarter with $8.6 billion in liquidity.

Carnival Corporation & plc reported a U.S. GAAP net loss of $770 million and an adjusted net loss of $688 million for Q3 2022, with adjusted EBITDA exceeding $300 million, marking a significant milestone. Revenue increased by nearly 80% compared to the previous quarter, and occupancy increased by 15 percentage points.

Carnival Corporation reported a U.S. GAAP net loss of $1.8 billion and an adjusted net loss of $1.9 billion for the second quarter of 2022. Cash from operations turned positive, and the company ended the quarter with $7.5 billion in liquidity. Revenue increased by nearly 50% compared to the first quarter of 2022, with occupancy at 69%.

Carnival Corporation & plc reported a net loss of $1.9 billion for the first quarter of 2022, impacted by the Omicron variant. However, guest carriage increased by nearly 20% compared to the prior quarter, and revenue per passenger cruise day also increased. The company expects monthly adjusted EBITDA to turn positive by the beginning of the summer season and ended the quarter with $7.2 billion of liquidity.