Carnival Corporation & plc ( (CUK) ) has released its Q2 earnings. Here is a breakdown of the information Carnival Corporation & plc presented to its investors.
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Carnival Corporation & plc, the world’s largest cruise company, operates a diverse portfolio of leading cruise lines across the globe, offering unique vacation experiences in the leisure travel industry.
In its latest earnings report, Carnival Corporation & plc announced record-breaking second-quarter results for 2025, surpassing its 2026 financial targets 18 months ahead of schedule. The company achieved its highest-ever second-quarter operating results, driven by strong demand and onboard revenue performance.
Key financial highlights include a net income improvement of nearly $475 million compared to the previous year, with adjusted net income more than tripling. The company reported record revenues of $6.3 billion, with net yields significantly outperforming expectations. Additionally, customer deposits reached an all-time high of $8.5 billion, and the company extended its revolver capacity by 50% to $4.5 billion, enhancing liquidity.
Carnival Corporation & plc’s strategic focus on high-margin revenue growth and operational efficiency has positioned it well for future success. The company expects continued strong performance, with net yields projected to increase by approximately 5% for the full year 2025 compared to 2024. Adjusted EBITDA is anticipated to reach approximately $6.9 billion, reflecting a 10% increase over the prior year.
Looking ahead, Carnival Corporation & plc remains optimistic about its growth trajectory, with a strong booked position for 2026 and beyond. The company is committed to further enhancing its financial performance and delivering exceptional value to its guests, while also focusing on sustainability initiatives and reducing carbon intensity.