Carnival shares surged nearly 7% Tuesday after the cruise line beat second-quarter earnings expectations and raised its full-year guidance. The company reported adjusted earnings of 35 cents per share, surpassing the projected 24 cents, and posted record revenue of $6.3 billion. Net income climbed to $565 million, up sharply from $92 million a year ago. CEO Josh Weinstein cited strong momentum across Carnival’s brands and raised full-year adjusted net income expectations by 40% over 2024—$200 million more than the March forecast. EBITDA guidance was also raised to $6.9 billion. Carnival is preparing to open its new Bahamas destination, Celebration Key, on July 19. Demand for cruises remains strong, with higher prices and fuller ships boosting profits.
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00:02Carnival shares surged nearly 7% Tuesday after the cruise line beat second quarter earnings expectations and raised its full year guidance.
00:09The company reported adjusted earnings of $0.35 per share, surpassing the projected $0.24, and posted record revenue of $6.3 billion.
00:17Net income climbed to $565 million, up sharply from $92 million a year ago.
00:22CEO Josh Weinstein cited strong momentum across Carnival's brands and raised full year adjusted net income expectations by 40% over 2024, $200 million more than the March forecast.
00:33EBITDA guidance was also raised to $6.9 billion.
00:36Carnival is preparing to open its new Bahamas destination, Celebration Key, on July 19th.
00:41Demand for cruises remains strong, with higher prices and fuller ships boosting profits.
