Earnings

Carnival (CCL) beats earnings expectations, raises guidance, and sees strong post-pandemic demand

by Market News Data

From CNBC: 2025-06-24 14:23:00

Carnival shares surged 7% after reporting better-than-expected second-quarter results and raising full-year guidance. The cruise operator posted adjusted earnings of 35 cents per share, beating estimates of 24 cents, with record revenue of $6.3 billion. Net income rose to $565 million, up significantly from $92 million last year.

CEO Josh Weinstein highlighted “strong momentum” across all Carnival brands. The company increased its full-year guidance, expecting adjusted net income to be 40% higher than 2024, about $200 million more than forecasted in March. Full-year EBITDA is now projected to be $6.9 billion.

Carnival is set to open its island, Celebration Key in the Bahamas, on July 19. Post-pandemic, cruise demand remains robust, with higher prices and fuller ships anticipated to boost profits towards pre-pandemic levels, as reported by NerdWallet.



Read more at CNBC:: Carnival (CCL) Q2 2025 earnings

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