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Carnival (GB:CCL)
LSE:CCL
Earnings Data
Report Date
Dec 19, 2025Before Open (Confirmed)
Period Ending
2025 (Q4)Consensus EPS Forecast
0.18Last Year’s EPS
0.11Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call reflected a strong overall performance for Carnival Corporation, with record-breaking financial results, successful new initiatives, and positive future booking trends. Operational execution and cost discipline were emphasized, along with strategic growth in key markets. However, challenges such as increased net interest expenses and anticipated cost increases in 2026 were acknowledged. Overall, the positive outcomes and strategic initiatives significantly outweighed the challenges.Company Guidance
Record-Breaking Financial Performance
Achieved an all-time high net income of $2 billion, surpassing pre-pause benchmark by nearly 10%. Yields increased 4.6% on a same ship basis, and operating income and EBITDA reached the highest levels in nearly twenty years.
Strong Operational Execution and Cost Discipline
Unit costs beat guidance by 1.5 points due to continued cost discipline. Outperformance on revenue and costs alongside refinancing efforts enabled an increase in full-year guidance for the third time this year.
Significant Improvement in Return on Invested Capital (ROIC)
ROIC reached 13% for the trailing twelve months, the first time since 2007 that returns have reached the teens, demonstrating fundamental improvements in operational performance.
Successful Launch of Celebration Key
Celebration Key opened to rave reviews, with nearly half a million guests passing through since late July. The grand opening generated almost 1.5 billion media impressions.
Positive Booking Trends
Booking trends have continued to improve, outpacing capacity growth at higher prices and setting a record for bookings made on sailings two years out.
Debt Reduction and Financial Fortress Rebuild
Reduced secured debt by nearly $2.5 billion and refinanced over $11 billion of debt this year. Net debt to EBITDA ratio improved from 4.3 times at the end of 2024 to 3.6 times at the end of 2025.
Strong Portfolio Performance in Key Markets
Significant presence in Alaska and Europe, with both regions performing incredibly well. The vast majority of capacity is at brands delivering double-digit returns.
GB:CCL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:CCL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Sep 29, 2025 | 2054.00p | 1962.00p | -4.48% |
Jun 24, 2025 | 1540.50p | 1722.50p | +11.81% |
Mar 21, 2025 | 1450.50p | 1449.00p | -0.10% |
Dec 20, 2024 | 1821.00p | 1887.00p | +3.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Carnival (GB:CCL) report earnings?
Carnival (GB:CCL) is schdueled to report earning on Dec 19, 2025, Before Open (Confirmed).
What is Carnival (GB:CCL) earnings time?
Carnival (GB:CCL) earnings time is at Dec 19, 2025, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Carnival stock?
The P/E ratio of Carnival is N/A.
What is GB:CCL EPS forecast?
GB:CCL EPS forecast for the fiscal quarter 2025 (Q4) is 0.18.