Carnival Corporation reports record third-quarter revenue and net income

Carnival Corporation Q3 earnings cruise industry record net income customer deposits

Carnival Corporation has reported record-breaking third-quarter financial results, characterized by all-time high revenue and net income. The company posted revenue of approximately $8.4 billion and net income of $1.9 billion, with adjusted net income reaching $2.0 billion. These results represent the third consecutive quarter of record performance for the cruise operator.

Despite facing a $131 million negative impact from rising fuel prices and currency fluctuations, Carnival managed to outperform its own guidance. This was attributed to strong cost discipline and operational improvements totaling more than $150 million since June. Demand remains robust, evidenced by customer deposits reaching a record $7.6 billion, a significant increase over the previous year.

Looking ahead, the company reported that booking occupancy and pricing for 2027 are at record levels. CEO Josh Weinstein noted that accelerating demand and cost management are driving results ahead of expectations. Consequently, Carnival has raised its full-year adjusted earnings guidance.

Entities

Carnival Corporation · David Bernstein · Josh Weinstein

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] Carnival's debt burden declined from $26.6 billion to $23.9 billion during the fiscal year. www.fool.com
[● 2 SOURCES] Adjusted earnings per share for the quarter were $1.43. www.fool.com
[○ 1 SOURCE] The company repurchased $1.2 billion in stock this year. www.fool.com
[○ 1 SOURCE] Net yields reached an all-time high, increasing by 2.4%. www.fool.com
[● 2 SOURCES] The company's adjusted earnings per share guidance for the full year was raised to a range of $2.24. www.fool.com
[● 2 SOURCES] Carnival Corporation reported third-quarter revenue of $8.44 billion. www.fool.com