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

Susquehanna upgraded the stock on strong bookings growth in the first quarter. Carnival also got other analyst upgrades earlier this week.

Why Carnival Stock Was Climbing Today

Shares of Carnival Corp. surged Wednesday, after the cruise operator was upgraded for the second time in two days, with Susquehanna's Christopher Stathoulopoulos saying the 2023 Wave booking season was shaping up to be “one for the books.”

Carnival stock surges after second analyst upgrade in two days

The company posted strong numbers in its fiscal first quarter, but the outlook for the rest of the year was below expectations. Several analysts found the guidance to be conservative and upgraded the stock on compelling business trends.

Why Carnival Stock Was Sailing Higher on Tuesday

Shares of Carnival Corp. rallied Tuesday, after Wells Fargo's Daniel Politzer backed away from his long-time bearish call, saying his concerns about the cruise operator now seem “de-risked.”

Carnival's stock bounces back after long-time bear says stop selling

First Republic

Alphabet

Comerica

Hewlett Packard

International Flavors & Fragrances

KeyCorp

Norwegian Cruise Line

ON Semiconductor

First Republic was the top S&P 500 performer Monday as banking fears eased somewhat. Carnival and Google were notable losers.

S&P 500: First Republic, Banks Lead Winners; Carnival, Google Are Monday Losers

Despite the mounting costs, Carnival said it isn't seeing any signs that inflation and other financial pressures are weighing on the company's customers.

Carnival Forecasts Another Loss This Year as Cruise Costs Rise

Carnival Corp (NYSE: CCL) is in the red on Monday even after reporting market-beating results for its fiscal first quarter. Carnival stock down on disappointing guidance The stock is taking a hit primarily on the back of guidance that disappointed investors.

Carnival Q1 results: ‘we've seen no sign of a slowdown'

Carnival Corporation & plc (NYSE:CCL ) Q1 2023 Earnings Conference Call March 27, 2023 10:00 AM ET Company Participants Josh Weinstein - President & CEO and Chief Climate Officer David Bernstein - Chief Financial Officer Micky Arison - Chairman Beth Roberts - Senior Vice President, IR Conference Call Participants Patrick Scholes - Truist Securities Steve Wieczynski - Stifel James Hardiman - Citigroup Fred Wightman - Wolfe Research Robin Farley - UBS Ben Chaiken - Credit Suisse Brandt Montour - Barclays Assia Georgieva - Infinity Research Stephen Grambling - Morgan Stanley Chris Stathoulopoulos - Susquehanna Financial Group Paul Golding - Macquarie Research Josh Weinstein Good morning. This is Josh Weinstein.

Carnival Corporation & plc (CCL) Q1 2023 Earnings Call Transcript

Carnival's (CCL) first-quarter fiscal 2023 performance reflects solid booking trends courtesy of strong demand, bundled package offerings and increased advertising activities.

Carnival (CCL) Q1 Earnings & Revenues Top Estimates, Rise Y/Y

The leading cruise line's recovery is delayed amid a mountain of debt, but it has a path to profitability.

Carnival's Ship Will Come In Eventually

Carnival Cruise Lines (NYSE: CCL) has been weathering stormy seas for the last 2 years, but the skies are clearing, and smoother sailing is ahead. The headwinds are not over, but signs within the Q1 earnings report point to a return to normalcy that includes positive cash flow and debt reduction.

Can Carnival Cruise Lines Set Sail For New Highs?

Carnival Corp shares were up after the cruise operator reported a smaller-than-expected first-quarter loss for fiscal year 2023 helped by resilient demand for leisure travel and on-board spending. For the period ended February 2023, the Miami-based cruise giant reported a loss of 690 million or $0.55 per share on revenue of $4.4 billion.

Carnival surprises Wall Street with smaller fiscal 1Q loss on strong demand

Carnival posts a narrower-than-expected quarterly loss and higher-than-forecast revenue but fuel prices hit its full-year outlook.

Carnival Says Bookings at Record Levels. But Higher Fuel Prices Ding Outlook.

Shares of Carnival Corp. CCL, -0.98% CCL, +4.20% climbed 4.7% in morning trading Monday, after the cruise operator reported better-than-expected fiscal first-quarter results, amid record bookings, but provided a downbeat second-quarter outlook. The net loss for the quarter to Feb. 28 narrowed to $693 million, or 55 cents a share, from $1.89 billion, or $1.66 a share, in the year-ago period.

Carnival's stock surges after results beat expectations, citing ‘phenomenal' Wave booking season

MIAMI , March 27, 2023 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) provides first quarter 2023 business update. U.S. GAAP net loss of $693 million, or $(0.55) diluted EPS, and adjusted net loss of $690 million, or $(0.55) adjusted EPS, better than the December guidance range of $750 to $850 million net loss for the first quarter of 2023 (see "Non-GAAP Financial Measures" below).

CARNIVAL CORPORATION & PLC PROVIDES FIRST QUARTER 2023 BUSINESS UPDATE

Antero Midstream Partners

Robinhood

iQIYI

Transocean

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.

5 Very Well-Known ‘Strong Buy' Stocks Trading Under $10 With Huge Upside Potential

New Partnership Brings Premium Italian Coffee Brand Lavazza to all Princess ships SANTA CLARITA, Calif. , March 23, 2023 /PRNewswire/ -- Princess Cruises, the world's most iconic cruise brand, today announced that world-renowned coffee brand, Lavazza, is now the line's Official Coffee Partner.

Princess Cruises Announces Lavazza as Official Coffee Partner

Stifel Nicolaus praised Carnival stock on Wednesday -- but with so much macroeconomic news to digest, investors may not have noticed. Today, investors are paying closer attention to Stifel's argument that Carnival might surprise to the upside on Monday.

Why Carnival Stock Popped on Thursday

BioNTech SE

In early trading Thursday, the Dow Jones industrials were up 0.25%, the S&P 500 up 0.62% and the Nasdaq up 1.21%.

Earnings Previews: BioNTech, Carnival

Reservations Now Available from May 2024 through April 2025 MIAMI , March 23, 2023 /PRNewswire/ -- Carnival Cruise Line today opened reservations for the inaugural season of its next new ship to showcase Carnival Fun Italian Style experiences, Carnival Firenze™, which will begin sailing year-round from Long Beach, Calif. starting in May 2024 through April 2025.

CARNIVAL FIRENZE OPENS FOR SALE WITH CRUISES FROM LONG BEACH

Carnival will likely report a quarterly loss on Monday, but booking trends and other metrics should be positive. The stock has shed half of its value over the past year, despite beating Wall Street's profit target for the first time in more than a year in its previous report.

Is This Your Last Chance to Buy Carnival Stock Under $10?

Core & Main

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Buying stocks before the earnings announcement is tricky, and there are several reasons for that.

10 Biggest Companies Reporting Earnings in the Fifth Week of March 2023

Royal Caribbean Cruises

Carnival reports earnings on Monday next week. Most analysts predict a big loss, but Deutsche Bank is optimistic about Carnival stock in the short term.

Why Cruise Stocks Popped Before Carnival's Earnings

Shares of Carnival Corp. surged Monday, after Deutsche Bank analyst Chris Woronka made a short-term recommendation to buy, a week before the cruise operator reports fiscal first-quarter results.

Carnival's stock leaps after analyst urges investors to buy ahead of earnings report

These stocks are benefiting from an epic rebound in travel.

News for Carnival Stock (CCL)