Carnival Corporation & plc ( (CUK) ) has released its Q1 earnings. Here is a breakdown of the information Carnival Corporation & plc presented to its investors.
Carnival Corporation & plc, a leading global cruise company, operates a diverse portfolio of cruise lines, offering leisure travel experiences across the world. In its latest earnings report, Carnival Corporation & plc announced record-setting first-quarter results for 2025, surpassing previous guidance and raising its full-year outlook. The company reported first-quarter revenues of $5.8 billion, a significant increase from the previous year, driven by strong demand and onboard revenue. Operating income nearly doubled to $543 million, and adjusted net income reached $174 million, showcasing robust financial performance. Additionally, Carnival successfully refinanced $5.5 billion of debt, resulting in substantial interest savings. Looking ahead, Carnival Corporation & plc anticipates continued strong performance, with expectations of achieving its 2026 financial targets a year in advance, reflecting confidence in sustained demand and strategic financial management.