Carnival Earnings Reports

Carnival delivered a strong Q4 2025 performance, achieving record revenue of $6.3B and a 140% YoY increase in adjusted net income, driven by strong demand and cost control.

Carnival delivered a strong Q3 2025, setting records in revenue, adjusted EPS, and net income driven by strong close-in demand, improved yields, and cost management.

Carnival Corporation reported a record-breaking Q2 2025 with significant increases in net income, revenue, and operating income, exceeding previous guidance and achieving its 2026 financial targets ahead of schedule.

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 record fourth quarter revenues of $5.9 billion, 10 percent higher than prior year, delivering record adjusted EBITDA. Full year revenues hit an all-time high of $25 billion, over 15 percent higher than the prior year, with continued strength in demand.

Carnival Corporation & plc reported a strong third quarter with record revenues of $7.9 billion and net income of $1.7 billion, driven by high-margin, same-ship yield growth and cost saving opportunities. The company raised its full year 2024 adjusted EBITDA guidance to approximately $6.0 billion and expects adjusted return on invested capital to be approximately 10.5 percent.

Carnival Corporation & plc announced record second quarter revenues of $5.8 billion and operating income of $560 million. The company raised full year 2024 net yield and adjusted net income guidance due to continued strong demand.

Carnival Corporation & plc reported record first quarter revenues of $5.4 billion and all-time record booking levels, with significant improvements in net yields and net per diems compared to 2023. The company's bottom line improved by nearly $500 million compared to 2023, and adjusted net loss was better than December guidance, driven by continued strength in demand and higher ticket prices.

Carnival Corporation & plc reported record fourth-quarter revenues of $5.4 billion and a net loss of $48 million. The company's booking volumes for the two weeks around Black Friday and Cyber Monday reached an all-time high, and total customer deposits hit a fourth-quarter record of $6.4 billion.

Carnival Corporation & plc reports a strong third quarter with record revenues of $6.9 billion and a net income of $1.07 billion, or $0.79 diluted EPS. 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 reported a record second quarter revenue of $4.9 billion, with net yields surpassing 2019's strong levels, and achieved positive operating income, cash from operations and adjusted free cash flow. Total customer deposits reached an all-time high of $7.2 billion. The company is introducing its SEA Change Program, targeting key performance improvements by 2026.

Carnival Corporation & plc reported a U.S. GAAP net loss of $693 million for Q1 2023, but this was better than the previously guided range. The company achieved record first quarter net per diems, driven by improving ticket prices and sustained growth in onboard revenue. Total customer deposits reached a first quarter record of $5.7 billion. The company expects continued growth in cash from operations to be the driver for paying down debt over time.

Carnival Corporation & plc reported a U.S. GAAP net loss of $1.6 billion, or $(1.27) diluted EPS, and an adjusted net loss of $1.1 billion, or $(0.85) adjusted EPS, for the fourth quarter of 2022. Adjusted EBITDA for the fourth quarter of 2022 was $(96) million, within the previous guidance range. Total customer deposits hit a fourth quarter record of $5.1 billion as of November 30, 2022.

Carnival Corporation & plc reported a U.S. GAAP net loss of $770 million and an adjusted net loss of $688 million for Q3 2022. Adjusted EBITDA turned positive for the first time since resuming guest cruise operations, exceeding $300 million. Revenue increased by nearly 80% compared to Q2 2022, and occupancy increased by 15 percentage points from the prior quarter.

Carnival Corporation reported a net loss of $1.8 billion for Q2 2022, but demonstrated significant improvement with revenue increasing by nearly 50% compared to Q1 2022 and occupancy reaching 69%. The company's cash from operations turned positive, and customer deposits increased by $1.4 billion.

Carnival Corporation & plc reported a U.S. GAAP net loss of $1.9 billion and an adjusted net loss of $1.9 billion for Q1 2022. The company ended the quarter with $7.2 billion in liquidity. Revenue per passenger cruise day increased by 7.5% compared to 2019, driven by strong onboard and other revenue. Occupancy was at 54%, a 20% increase over the prior quarter. The company expects monthly adjusted EBITDA to turn positive at the beginning of the summer season.