Carnival Corporation & plc ( (CUK) ) has released its Q3 earnings. Here is a breakdown of the information Carnival Corporation & plc presented to its investors.
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Carnival Corporation & plc is the world’s largest cruise company, operating a diverse portfolio of cruise lines including Carnival Cruise Line, Princess Cruises, and Holland America Line, among others, within the leisure travel industry.
Carnival Corporation & plc has reported record-breaking financial results for the third quarter of 2025, achieving a net income of $1.9 billion and an adjusted net income of $2 billion. The company has exceeded its guidance and raised its full-year 2025 outlook for the third consecutive time this year, driven by strong demand and effective cost management.
Key financial highlights include record revenues of $8.2 billion, marking the tenth consecutive quarter of record revenue, and a 4.6% improvement in net yields. The company also successfully refinanced $4.5 billion of debt, simplifying its capital structure and prepaying an additional $0.7 billion of debt. Additionally, Carnival’s cumulative advanced booked position for 2026 remains robust, aligning with 2025’s record levels at historically high prices.
Carnival’s management remains optimistic about the future, anticipating a nearly 55% increase in adjusted net income year-over-year for 2025. The company also expects a 15% rise in adjusted EBITDA compared to 2024, reflecting continued strong performance and strategic financial management.
Looking ahead, Carnival Corporation & plc aims to further enhance its financial strength by reducing its net debt to adjusted EBITDA ratio and capitalizing on the growing demand for cruise vacations. The company is well-positioned to attract new customers and retain loyal guests with its unique offerings and strategic initiatives.