Revenue segments as reported by the company.

Passenger ticket

Onboard and other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling and administrative

Depreciation and amortization

Goodwill impairment

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Carnival

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn. The Europe and Asia (EA) Cruise Operations segment consists of AIDA, Costa, Cunard, and P&O Cruises (UK). The Cruise Support segment represents port destinations and private islands for the benefit of its cruise brands. The Tour and Other segment operates hotel and transportation operations of Holland America Princess Alaska Tours. The company was founded in 1972 and is headquartered in Miami, FL.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Carnival beats Q1 expectations, eyes growth amid challenges

Carnival (CCL) outperformed in Q1, with strong financial performance and positive outlook for the year
Strategies in place to address challenges, capitalize on strengths, and leverage opportunities for growth
Focus on improving operational efficiency, reducing debt, and enhancing customer experience to drive long-term success
Continued investment in marketing, fleet optimization, and cost management to drive profitability and cash flow

Carnival surpasses 2019 levels, raises guidance amidst industry recovery

Carnival (CCL) delivered strong financial performance in Q2 2023, exceeding 2019 levels and raising guidance for the year.
Strategic initiatives like the SEA Change Program and portfolio optimization are driving sustainability and revenue growth.
While facing challenges like inflationary pressures, the company is well-positioned to capitalize on opportunities in the cruise industry.
With a focus on financial stability, brand strategies, and customer value, Carnival is navigating challenges to drive growth and value creation.

Carnival surpasses Q3 expectations, eyes debt reduction and revenue growth

Carnival's Q3 2023 performance exceeded expectations, with strong financial results and optimistic outlook for 2023 and 2024, driven by robust bookings and revenue growth.
While facing challenges like emissions taxes and debt reduction, the company's focus on operational improvements and market opportunities bodes well for future success.
With a strategic focus on debt reduction, revenue optimization, and customer experience enhancements, Carnival is poised for sustainable growth and financial stability.

Carnival (CCL) reports record Q4 performance and plans brand expansion

Carnival (CCL) delivered strong financial performance in Q4 2023, with record revenues and bookings.
Debt reduction efforts and high liquidity position the company well for future growth and investment.
Challenges include pricing gaps and geopolitical pressures, requiring a focus on safety and cost management.
Opportunities lie in market capture campaigns, onboard revenue growth, and strategic brand expansion plans.

Carnival surpasses Q1 expectations, focuses on sustainable growth and debt reduction

Carnival's Q1 2024 performance exceeded expectations, with strong bookings and yield growth. The company is focused on sustainable revenue growth, debt reduction, and maximizing onboard spending. Opportunities exist in attracting new customers and leveraging investments for pricing power.

Carnival Surpasses Q2 Expectations, Raises Outlook

Carnival Corporation's Q2 2024 earnings highlighted exceptional financial and operational performance with record-breaking metrics in revenues, bookings, and customer deposits. Strategic portfolio management and technological enhancements are set to bolster future growth. The company's focus on refinancing and deleveraging is aimed at sustaining strong free cash flow and improving leverage metrics.

Carnival (CCL) surpasses Q3 expectations, eyes record 2026 performance

Carnival's Q3 2024 performance exceeded expectations, setting a strong base for 2025 and a record start to 2026.
The company is focused on improving financial metrics, attracting new guests, and driving demand growth through marketing efforts.
While challenges like debt reduction persist, Carnival has opportunities to optimize strategic decisions and capitalize on its strong performance.

Carnival (CCL) achieves record revenues in 2024, eyes sustained growth

Carnival's strong performance in 2024 showcases record revenues and improved net income, driven by robust demand and effective yield management. The company is focused on sustainability, debt reduction, and enhancing its destination strategy. Challenges include potential regulatory impacts and cost increases, with opportunities lying in sustained demand and brand investments.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Despite posting better-than-expected results for the third quarter, cruise ship operator Carnival (NYSE: CCL ) suffered significant red ink. While many of the Q3 line items offered much encouragement, the leadership team offered a muted profit forecast.

Carnival Just Reported Record Revenue. Why Is CCL Stock Down?

Carnival Corporation & plc (NYSE:CCL ) Q3 2023 Earnings Conference Call September 29, 2023 10:00 AM ET Company Participants Josh Weinstein - President, Chief Executive Officer and Chief Climate Officer David Bernstein - Chief Financial Officer and Chief Accounting Officer Beth Roberts - Senior Vice President of Investor Relations Conference Call Participants Steven Wieczynski - Stifel Nicolaus Capital Markets Patrick Scholes - Truist Securities Brandt Montour - Barclays Bank PLC Robin Farley - UBS David Katz - Jefferies LLC Daniel Politzer - Wells Fargo Securities Jaime Katz - Morningstar, Inc. Assia Georgieva - Infinity Research Matthew Boss - JPMorgan Chase & Co. Conor Cunningham - Melius Research LLC Christopher Stathoulopoulos - Susquehanna Financial Group Josh Weinstein Good morning. This is Josh Weinstein.

Carnival Corporation & plc (CCL) Q3 2023 Earnings Call Transcript

Norwegian Cruise Line

Royal Caribbean Cruises

Cruise operators' stocks are slumping after Carnival Corp. CCL, -7.83% on Friday warned of rising fuel prices that impacted the company's earnings. Carnival's stock plunged 8% in early-afternoon trading, while shares of Royal Caribbean Group RCL, -2.91% dipped 3%.

Cruise operators' stocks are sliding after Carnival warns of rising fuel costs

Vail Resorts

Travel stocks have done well recently. Carnival shares fell despite the cruise line operator posting record sales.

Is the Travel Boom Ending? These 2 Stocks Point to Yes.

Carnival (CCL) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to loss of $0.58 per share a year ago.

Carnival (CCL) Surpasses Q3 Earnings and Revenue Estimates

Although the revenue and EPS for Carnival (CCL) give a sense of how its business performed in the quarter ended August 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Carnival (CCL) Q3 Earnings

Carnival Corporation (NYSE:CCL) (Carnival Corporation (NYSE:CCL)) reported record third quarter revenue helping the cruise operator book its first quarterly profit since before the Covid pandemic.  "We delivered over $1 billion to the bottom line with revenue reaching an all-time high" said chief executive Josh Weinstein.

Carnival posts first profit since pre-Covid as bookings leap

Offsetting the positive news was guidance from management pointing to a bigger loss in the curent quarter than investors had expected.

Carnival Beat Earnings Estimates in Record Quarter. Why the Stock Isn't Soaring.

Shares of Carnival Corp. rallied Friday after the cruise operator booked its first quarterly profit since before the COVID pandemic, as “significantly elevated” demand led to record revenue and bookings.

Carnival books first profit since before COVID as revenue reached a record high

MIAMI , Sept. 29, 2023 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) reports third quarter 2023 earnings and provides an outlook for the full year and fourth quarter 2023.

CARNIVAL CORPORATION & PLC REPORTS ALL-TIME RECORD REVENUE AND DEMONSTRATES STRONG THIRD QUARTER 2023 EARNINGS MOMENTUM

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Volendam is the last ship to add shore power, all 11 ships now shore power-ready and connecting in outfitted ports worldwide SEATTLE , Sept. 28, 2023 /PRNewswire/ -- With the completion of shore power installation on Volendam, Holland America Line's entire fleet is now shore power-capable.

Holland America Line Completes Shore Power Connectivity Installation Across Fleet

Carnival reports Q3 results Friday. Analysts expect the cruise giant to post its first positive earnings since 2022.

CCL Stock Sails 74% In 2023 On Travel Rebound. Will Carnival Turn Around Its Earnings Slump?

Carnival's (CCL) third-quarter fiscal 2023 results benefit from robust passenger ticket revenues.

Will Ticket Revenues Drive Carnival's (CCL) Q3 Earnings?

BlackBerry

NIKE

After U.S. markets closed on Tuesday, Costco reported revenue and earnings per share (EPS) that were better than expected.

Earnings Previews: BlackBerry, Carnival, Nike

Carnival Corporation (NYSE:CCL) reports third-quarter results before the opening bell on September 29 and analysts expect the company to sail into calmer waters as bookings hit a record high and yields return to pre-pandemic levels. The cruise operator has reported sequential record highs for bookings this year as demand for leisure travel returns.

Carnival likely to report buoyant 3Q revenue and earnings

The current headwind is likely to slowly give way to rekindled, longer-term economic strength. Some members of the analyst community are willing to stick their necks out, even when they don't have to.

A Bull Market Could Be Here: 3 Reasons to Buy Carnival Stock.

Carnival is expected to post a quarterly profit after 14 consecutive losses. After eight quarters of more than doubling revenue, analysts see a slowdown to 37% growth.

2 Long Streaks Should Come to an End at Carnival This Week

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The S&P 500 is up 12.5% so far in 2023, even with the market correction. But an equal-weight ETF is up just 1%.

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Carnival's third-quarter earnings statement (Friday 29 Sep) will all be about whether the recent resurgence in cruise demand is being maintained. Half-year results showed cabin occupancy is back to 100% with pricing also 6% higher than pre-pandemic levels.

Will Carnival's debt overshadow cruise resurgence

Carnival stock has seen back-to-back weeks of analyst upgrades. Analysts are generally positive about what Carnival will announce when it posts its fiscal third-quarter performance next Friday morning.

Wall Street Is Starting to Come Aboard Carnival Stock

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Carnival's stock still has a long way to go to get back to the levels it was at in 2020. The company has been stringing together some good results of late.

Up Around 90% This Year, Is Carnival Corp. Stock Still a Good Buy?

the Carnival (CCL) next earnings date is projected to be 9/29 before market open

Carnival Reports Before The Open On 9/29 -- Options Contracts Expire The Same Day

Carnival Corporation, the world's largest cruise company, presents a complex financial landscape with significant debt and pandemic-related challenges. Despite recent financial hurdles, Carnival holds promise for investors, with a fair value estimate of $22.07, indicating a 46% potential upside from the current stock price. In a scenario of 50% dilution, the stock offers an attractive 22.9% annual return, providing a substantial margin of safety.

News for Carnival Stock (CCL)