On September 30, 2024, Carnival Corporation & plc, a dual-listed company with ticker symbols CCL and CUK on the New York Stock Exchange, reported record-setting financial results for the third quarter of 2024. The company announced a net income of $1.7 billion, marking a significant increase of over 60 percent compared to the same period in 2023. Adjusted net income also surpassed the June guidance by $170 million. Third-quarter revenues reached an all-time high of $7.9 billion, up $1.0 billion from the previous year, with operating income of $2.2 billion exceeding 2023 levels by $554 million. Due to strong demand and cost-saving opportunities, Carnival raised its full-year 2024 adjusted EBITDA guidance to approximately $6.0 billion, reflecting an increase of over 40 percent compared to 2023 and nearly $200 million above the June...Show More

On September 30, 2024, Carnival Corporation & plc, a dual-listed company with ticker symbols CCL and CUK on the New York Stock Exchange, reported record-setting financial results for the third quarter of 2024. The company announced a net income of $1.7 billion, marking a significant increase of over 60 percent compared to the same period in 2023. Adjusted net income also surpassed the June guidance by $170 million. Third-quarter revenues reached an all-time high of $7.9 billion, up $1.0 billion from the previous year, with operating income of $2.2 billion exceeding 2023 levels by $554 million. Due to strong demand and cost-saving opportunities, Carnival raised its full-year 2024 adjusted EBITDA guidance to approximately $6.0 billion, reflecting an increase of over 40 percent compared to 2023 and nearly $200 million above the June guidance. The cumulative advanced booked position for the full year 2025 is already above the 2024 record, with prices ahead of the previous year. CEO Josh Weinstein attributed the impressive results to high-margin, same-ship yield growth and a 26 percent improvement in unit operating income, the highest in fifteen years. The company expects to deliver record operating performance for the full year 2024, with adjusted EBITDA expected to cross $6 billion and an adjusted return on invested capital of approximately 10.5 percent. Carnival Corporation & plc's financial outlook for the fourth quarter of 2024 includes net yields up approximately 5.0 percent compared to 2023 and adjusted EBITDA of approximately $1.14 billion, a 20 percent increase from the fourth quarter of 2023.