Carnival Corporation reported record Q2 revenues, operating income, and adjusted EBITDA in its Q2 earnings, outperforming management's prior guidance. Carnival's history of beats and raises makes me increasingly confident in its ability to meet my $7.49 billion EBITDA target for FY 2025. Carnival's deleveraging efforts are supported by increasing profitability and a substantial EBITDA flow-through rate.
CCL is overhauling its loyalty program to reward total spending, aiming to boost long-term guest value and pricing power.
Carnival Corporation & plc (NYSE:CCL ) Q2 2025 Earnings Conference Call June 24, 2025 10:00 AM ET Company Participants Beth Roberts - Senior Vice President of Investor Relations David Bernstein - CFO & Chief Accounting Officer Joshua Ian Weinstein - CEO & Director Conference Call Participants Benjamin Nicolas Chaiken - Mizuho Securities USA LLC, Research Division Brandt Antoine Montour - Barclays Bank PLC, Research Division Christopher Nicholas Stathoulopoulos - Susquehanna Financial Group, LLLP, Research Division Conor T. Cunningham - Melius Research LLC David Brian Katz - Jefferies LLC, Research Division James Lloyd Hardiman - Citigroup Inc., Research Division Matthew Robert Boss - JPMorgan Chase & Co, Research Division Robin Margaret Farley - UBS Investment Bank, Research Division Sharon Zackfia - William Blair & Company L.L.C.
![]() CCL 20 Feb 2020 Paid | Quarterly | $0.5 Per Share |
![]() CCL 21 Nov 2019 Paid | Quarterly | $0.5 Per Share |
![]() CCL 22 Aug 2019 Paid | Quarterly | $0.5 Per Share |
![]() CCL 23 May 2019 Paid | Quarterly | $0.5 Per Share |
![]() CCL 21 Feb 2019 Paid | Quarterly | $0.5 Per Share |
23 Jun 2025 Date | | 0.24 Cons. EPS | - EPS |
25 Mar 2025 Date | | 0.02 Cons. EPS | 0.13 EPS |
19 Dec 2024 Date | | 0.06 Cons. EPS | 0.14 EPS |
27 Sep 2024 Date | | 1.15 Cons. EPS | 1.27 EPS |
24 Jun 2024 Date | | - Cons. EPS | 0.07 EPS |
![]() CCL 20 Feb 2020 Paid | Quarterly | $0.5 Per Share |
![]() CCL 21 Nov 2019 Paid | Quarterly | $0.5 Per Share |
![]() CCL 22 Aug 2019 Paid | Quarterly | $0.5 Per Share |
![]() CCL 23 May 2019 Paid | Quarterly | $0.5 Per Share |
![]() CCL 21 Feb 2019 Paid | Quarterly | $0.5 Per Share |
23 Jun 2025 Date | | 0.24 Cons. EPS | - EPS |
25 Mar 2025 Date | | 0.02 Cons. EPS | 0.13 EPS |
19 Dec 2024 Date | | 0.06 Cons. EPS | 0.14 EPS |
27 Sep 2024 Date | | 1.15 Cons. EPS | 1.27 EPS |
24 Jun 2024 Date | | - Cons. EPS | 0.07 EPS |
Leisure Industry | Consumer Cyclical Sector | Mr. Joshua Ian Weinstein CEO | XMEX Exchange | GB0031215220 ISIN |
US Country | 115,000 Employees | 13 Mar 2020 Last Dividend | 15 Jun 1998 Last Split | - IPO Date |
Carnival Corporation & plc, established in 1972 and headquartered in Miami, Florida, is a prominent entity in the leisure travel sector, serving customers in North America, Australia, Europe, Asia, and beyond. The company is distinguished by its diversified operations spanning across NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other segments. Its comprehensive offerings include not only cruise services but also the operation of port destinations, private islands, a solar park, and the ownership and operation of hotels, lodges, glass-domed railcars, and motor coaches. Carnival Corporation & plc markets its leisure travel services under a wide array of well-known brand names, catering to a global clientele through a mix of direct sales and partnerships with travel agents and tour organizers.
Carnival Corporation & plc operates a multitude of cruise lines, including Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises, and Cunard. These brands cater to a diverse range of consumer segments, offering everything from luxury to budget-friendly sea travel experiences across the globe.
The company develops and operates exclusive port destinations and private islands, providing unique, carefully curated experiences for its cruise line passengers. These destinations are designed to offer visitors a blend of local culture, adventure, and relaxation, significantly enriching the overall travel experience.
Carnival Corporation & plc invests in sustainable energy sources, including the operation of a solar park. This initiative underscores the company’s commitment to environmental stewardship and reducing its carbon footprint across its global operations.
In addition to sea travel, the company owns and operates a range of land-based vacation options. This includes hotels, lodges, and unique travel experiences such as journeys in glass-domed railcars and motor coaches, providing guests with luxurious and immersive ways to explore destinations beyond the coastlines.
Carnival Corporation & plc makes its wide variety of cruises and other leisure travel services available through several channels, including travel agents, tour operators, vacation planners, and its websites. This broad sales network ensures that potential travelers can easily access and book their desired travel experiences.