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State: 17.08.2024 | 11PM
Fri, 20.12.2024       Carnival

Expects to hit 2026 SEA Change EBITDA target one year early

MIAMI, Dec. 20, 2024 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced financial results for the fourth quarter and full year 2024 and provided an outlook for the first quarter and full year 2025.

Key Highlights 

Full year revenues hit an all-time high of $25 billion, over 15 percent higher than the prior year, with continued strength in demand.Full year net income of $1.9 billion; adjusted net income1 of $1.9 billion outperforms September guidance by over $130 million.Record full year adjusted EBITDA1 of $6.1 billion, over 40 percent higher than the prior year.Record full year operating income of $3.6 billion, over 80 percent higher than the prior year.Adjusted return on invested capital1 ("ROIC") of 11 percent.Record fourth quarter revenues of $5.9 billion, 10 percent higher than prior year, delivering record adjusted EBITDA.Cumulative advanced booked position for full year 2025 is at an all-time high for both price (in constant currency) and occupancy.Adjusted EBITDA per available lower berth1 ("ALBD") for 2025 expected to be the highest in almost two decades, achieving 2026 SEA Change target one year in advance.

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