Market Updates

Carnival Corp. gained 0.05% to $20.95 after the cruise lines operator reported higher revenue in the first quarter of fiscal 2025 ending in February.

Revenue surged to $5.81 billion from $5.41 billion, net loss shrank to $78 million from a loss of $214 million, and diluted loss per share narrowed to 6 cents from a loss of 17 cents a year ago.

The company expects “to achieve both 2026 sea change financial targets one year in advance, with adjusted return on invested capital and adjusted EBITDA per available lower berth for 2025 reaching the highest levels in nearly two decades,” Carnival said in a release to investors.

“While we are not completely immune from the heightened macroeconomic and geopolitical volatility since providing our December guidance, we are still taking up our earnings expectations for the year.”

The company guided for the second quarter of 2025 adjusted EBITDA of approximately $1.3 billion, up 10% compared to the same quarter of 2024.

For the full year, Carnival estimated adjusted net income to be up over 30% compared to 2024 and better than December guidance by $185 million.

Adjusted EBITDA for the full year is expected at approximately $6.7 billion, up nearly 10% compared to 2024 and better than the December guidance.

Diluted earnings per share are estimated at 22 cents in the second quarter and $1.83 for the full year, compared to 7 cents and $1.44 a year ago, respectively.

Adjusted net income is seen at $285 million in the second quarter and $2.49 billion for the full year, compared to $92 million and $1.92 billion a year ago, respectively.


24 Mar, 2025

     

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