Carnival Corporation has announced strong financial results for its first quarter of 2025, with record revenues, net yields, operating income, and adjusted EBITDA. The company’s adjusted net income guidance for 2025 is expected to be up over 30% compared to 2024.
For the full year 2025, Carnival Corporation expects:
* Net yields (in constant currency) approximately 4.7% higher than 2024
* Adjusted cruise costs excluding fuel per ALBD (in constant currency) up approximately 3.8% compared to 2024
* Adjusted net income up over 30% compared to 2024 and better than December guidance by $185 million
* Adjusted EBITDA of approximately $6.7 billion, up nearly 10% compared to 2024
For the second quarter of 2025, the company expects:
* Net yields (in constant currency) up approximately 4.4% compared to strong 2024 levels
* Adjusted cruise costs excluding fuel per ALBD (in constant currency) up approximately 5.5% compared to the second quarter of 2024 primarily due to higher dry-dock days
* Adjusted EBITDA of approximately $1.3 billion, up 10% compared to the second quarter of 2024
Carnival Corporation has also been actively managing its debt profile, with refinancing efforts resulting in interest expense savings and a simplified capital structure. The company’s credit rating was upgraded by Moody’s, reflecting improved leverage metrics.
The company’s strong performance is attributed to its yield management strategy, which continues to drive demand for further out sailings. Booking volumes for 2026 sailings and beyond have reached an all-time high, with occupancy in line with the prior year’s record levels.
Source: https://cruiseindustrynews.com/cruise-news/2025/03/carnival-2025-q1-results-record-setting-finacnail-results