Carnival ( (GB:CCL) ) just unveiled an update.
Carnival Corporation & plc announced the filing of its joint Quarterly Report on Form 10-Q for the first quarter of 2025, revealing unaudited consolidated financial statements prepared in accordance with U.S. GAAP. The report highlights a net loss of $78 million for the quarter, an improvement from the $214 million loss in the same period last year, indicating a gradual recovery in operations. The company’s operating income increased to $543 million from $276 million, reflecting a positive trend in revenue generation and cost management, despite challenges in nonoperating expenses. This financial update is crucial for stakeholders as it demonstrates Carnival’s ongoing efforts to stabilize its financial position and enhance its industry standing.
More about Carnival
Carnival Corporation & plc is the largest global cruise company and one of the largest leisure travel companies, with a portfolio of world-class cruise lines including AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises, and Seabourn.
YTD Price Performance: -18.38%
Average Trading Volume: 629,743
Technical Sentiment Signal: Hold
Current Market Cap: £21.01B
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