Revenue segments as reported by the company.

Passenger ticket

Onboard and other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling and administrative

Depreciation and amortization

Goodwill impairment

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Carnival

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn. The Europe and Asia (EA) Cruise Operations segment consists of AIDA, Costa, Cunard, and P&O Cruises (UK). The Cruise Support segment represents port destinations and private islands for the benefit of its cruise brands. The Tour and Other segment operates hotel and transportation operations of Holland America Princess Alaska Tours. The company was founded in 1972 and is headquartered in Miami, FL.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Carnival beats Q1 expectations, eyes growth amid challenges

Carnival (CCL) outperformed in Q1, with strong financial performance and positive outlook for the year
Strategies in place to address challenges, capitalize on strengths, and leverage opportunities for growth
Focus on improving operational efficiency, reducing debt, and enhancing customer experience to drive long-term success
Continued investment in marketing, fleet optimization, and cost management to drive profitability and cash flow

Carnival surpasses 2019 levels, raises guidance amidst industry recovery

Carnival (CCL) delivered strong financial performance in Q2 2023, exceeding 2019 levels and raising guidance for the year.
Strategic initiatives like the SEA Change Program and portfolio optimization are driving sustainability and revenue growth.
While facing challenges like inflationary pressures, the company is well-positioned to capitalize on opportunities in the cruise industry.
With a focus on financial stability, brand strategies, and customer value, Carnival is navigating challenges to drive growth and value creation.

Carnival surpasses Q3 expectations, eyes debt reduction and revenue growth

Carnival's Q3 2023 performance exceeded expectations, with strong financial results and optimistic outlook for 2023 and 2024, driven by robust bookings and revenue growth.
While facing challenges like emissions taxes and debt reduction, the company's focus on operational improvements and market opportunities bodes well for future success.
With a strategic focus on debt reduction, revenue optimization, and customer experience enhancements, Carnival is poised for sustainable growth and financial stability.

Carnival (CCL) reports record Q4 performance and plans brand expansion

Carnival (CCL) delivered strong financial performance in Q4 2023, with record revenues and bookings.
Debt reduction efforts and high liquidity position the company well for future growth and investment.
Challenges include pricing gaps and geopolitical pressures, requiring a focus on safety and cost management.
Opportunities lie in market capture campaigns, onboard revenue growth, and strategic brand expansion plans.

Carnival surpasses Q1 expectations, focuses on sustainable growth and debt reduction

Carnival's Q1 2024 performance exceeded expectations, with strong bookings and yield growth. The company is focused on sustainable revenue growth, debt reduction, and maximizing onboard spending. Opportunities exist in attracting new customers and leveraging investments for pricing power.

Carnival Surpasses Q2 Expectations, Raises Outlook

Carnival Corporation's Q2 2024 earnings highlighted exceptional financial and operational performance with record-breaking metrics in revenues, bookings, and customer deposits. Strategic portfolio management and technological enhancements are set to bolster future growth. The company's focus on refinancing and deleveraging is aimed at sustaining strong free cash flow and improving leverage metrics.

Carnival (CCL) surpasses Q3 expectations, eyes record 2026 performance

Carnival's Q3 2024 performance exceeded expectations, setting a strong base for 2025 and a record start to 2026.
The company is focused on improving financial metrics, attracting new guests, and driving demand growth through marketing efforts.
While challenges like debt reduction persist, Carnival has opportunities to optimize strategic decisions and capitalize on its strong performance.

Carnival (CCL) achieves record revenues in 2024, eyes sustained growth

Carnival's strong performance in 2024 showcases record revenues and improved net income, driven by robust demand and effective yield management. The company is focused on sustainability, debt reduction, and enhancing its destination strategy. Challenges include potential regulatory impacts and cost increases, with opportunities lying in sustained demand and brand investments.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Peak occupancy, higher pricing and increasing onboard spend is leading to upgrades in the earnings outlook. There are indications of greater fuel consumption efficiency. Investments in new ships over the next 10 years can drive long-term gross margin improvement via energy efficiency. Valuations are at an attractive 11.5% discount vs comps.

Carnival: Smooth Sailing Ahead

Carnival (CCL) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to loss of $0.07 per share a year ago.

Carnival (CCL) Beats Q4 Earnings and Revenue Estimates

CCL's fiscal fourth-quarter top line benefits from sustained demand strength and increased booking volumes.

Carnival Q4 Earnings & Revenues Top Estimates, Increase Y/Y

Carnival Corporation & plc (NYSE:CCL ) Q4 2024 Earnings Conference Call December 20, 2024 10:00 AM ET Company Participants Beth Roberts - SVP, IR Josh Weinstein - CEO David Bernstein - CFO Conference Call Participants Matthew Boss - JPMorgan Ben Chaiken - Mizuho Securities Steve Wieczynski - Stifel Robin Farley - UBS James Hardiman - Citi Patrick Scholes - Truist David Katz - Jefferies Jaime Katz - Morningstar Brandt Montour - Barclays Operator Greetings, and welcome to the Carnival Corporation & plc Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Carnival Corporation & plc (CCL) Q4 2024 Earnings Call Transcript

Although the revenue and EPS for Carnival (CCL) give a sense of how its business performed in the quarter ended November 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Carnival (CCL) Reports Q4 Earnings: What Key Metrics Have to Say

The last earnings report out of the cruise line industry for the 2024 calendar year shows that folks still can't get enough of watery escapes. Carnival  (CCL 5.02%) (CUK 5.10%) posted its fiscal fourth-quarter results on Friday morning, and it once again exceeded expectations.

Carnival Stock Is Cruising Into 2025

Carnival Corporation (CCL) shares gained Friday when the cruise line operator posted better-than-expected profit and gave an optimistic outlook about the new year.

Carnival Tops Earnings Estimates, Gives Positive Booking Outlook

Carnival PLC (LSE:CCL) chief executive Josh Weinstein said the cruise business had seen an incredibly strong finish to a record year as revenues rose to a new record of US$25 billion. Underlying profits were also a record at US$6.1 billion, or more than 40% higher than a year ago, Weinstein said while net income of US$1,9 billion beat guidance by US$130 million.

Carnival hits revenue record after "incredibly strong finish" to year

U.S. stocks traded mostly higher this morning, with the Dow Jones index gaining around 100 points on Friday.

Dow Surges 100 Points, Carnival Earnings Top Views

Carnival's stock rallies as bookings for future cruises keep breaking records, and at all-time highs for price and occupancy.

Carnival's stock jumps as there's no end in sight for record cruise demand

The travel stock looks set to chart a smooth course for the coming year. Management said it expects net income to rise 20% in 2025.

Carnival Stock Jumps After Earnings. Why It's Cruising Into 2025.

Carnival Corp beat fourth-quarter revenue estimates on Friday, helped by resilient demand for its pricier voyages from Americans eager to go on summer cruises, sending its shares up about 4% in premarket trading.

Cruise operator Carnival beats revenue estimates on strong demand

Carnival Corporation CCL will release its fourth-quarter financial results, before the opening bell, on Friday, Dec. 20.

Carnival Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Our proprietary Zacks Earnings ESP indicator predicts another earnings beat for the upcoming release.

Is Carnival (CCL) A Buy Heading into Q2 Earnings Announcement?

Carnival's fiscal fourth-quarter performance is likely to have benefited from elevated booking trends and a strong pricing environment.

CCL Stock Before Q4 Earnings: Should You Buy Now or Wait for Results?

Southwest Airlines

Royal Caribbean Cruises

Trip.com

The travel industry in 2025 will likely gain from increased vacation spending. Stocks like TCOM, RCL, CCL and LUV are expected to gain from the trend.

4 Travel Stocks to Buy Before the New Year's Rush

Get a deeper insight into the potential performance of Carnival (CCL) for the quarter ended November 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Unveiling Carnival (CCL) Q4 Outlook: Wall Street Estimates for Key Metrics

Before investors start their calendar prep for 2025, there's one final earnings report to monitor this week.

One Last Big Earnings Report of 2024 to Monitor

Here is how Carnival (CCL) and Grand Canyon Education (LOPE) have performed compared to their sector so far this year.

Is Carnival (CCL) Outperforming Other Consumer Discretionary Stocks This Year?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Carnival (CCL) Right Now?

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Is Carnival (CCL) a Buy as Wall Street Analysts Look Optimistic?

Carnival is poised to benefit from strong 2025 cruise demand. The 2025 Wave Season is predicted to be robust, with industry bookings already 10-15% above historical levels, supporting continued free cash flow and debt reduction. The cruise line forecasts $3 billion in free cash flow for FY24, despite high capex, and targets $6 billion in adjusted EBITDA.

Carnival: Riding The Wave Higher In 2025

Carnival Corporation's stock price surged in recent months, driven by better-than-expected Q3 2024 results and upgraded full-year guidance. Even though Q4 2024 figures are set to be lackluster, 2024 performance and outlook for 2025 should make up for it when the company releases results later this week. 2025's forward P/E also indicates decent valuations, which should override any current concerns on overvaluation.

Carnival Corporation: Robust Performance Expectation For 2024 Buoys Optimism (Rating Upgrade)

As analysts start working on their "naughty or nice" list this time of year, Carnival Corp. (CCL 0.17%) (CUK 0.34%) is receiving a lot of bullish attention. At least six Wall Street pros boosted their price targets on the world's largest cruise line operator last week.

Why Is Wall Street Falling in Love With Carnival Stock Again?

Norwegian Cruise Line

This ‘wave season' is shaping up to be not only the strongest since the pandemic but also the best ever.

News for Carnival Stock (CCL)