A new passenger tax goes into effect on July 1 as the government negotiates with Royal Caribbean and other companies.
Carnival edges past Royal Caribbean with early target wins, stronger near-term value, and rising earnings momentum.
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Explore how Carnival's (CCL) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.
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.
Carnival reported strong second-quarter results, with record profitability and demand. Net income sharply improved year-over-year, the company said.
Carnival Corp , raised its annual profit forecast after beating second-quarter revenue estimates on Tuesday driven by resilient demand from travelers booking cruises to destinations including the Caribbean and Mediterranean.
The cruise line's parent company will announce second-quarter earnings Tuesday morning, just days after Carnival announced controversial changes to its loyalty program.
Carnival stock is 5% down in 2025 heading into second-quarter earnings Tuesday. Tariff uncertainty and the impact of the Israel-Iran war will be in focus.
Carnival remains a buy ahead of Q2 earnings, with strong demand and attractive valuation multiples despite geopolitical risks in the Middle East. Management's focus on the Caribbean and Northern Europe minimizes direct exposure to Middle East conflict, though surging oil prices remain a key risk. Carnival stands out by raising net yield and EBITDA guidance versus peers, with leverage ratios improving and a price target of at least $27 per share.