:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2205341005-af12aaa197ec4a809d1a073a6268be7e.jpg "People look at the Carnival Adventure cruise ship moored at Melbourne's Station Pier on March 20, 2025")
WILLIAM WEST / AFP via Getty Ideas
People look at the Carnival Adventure cruise ship moored at Melbourne’s Station Pier on March 20, 2025.
Key Takeaways
- Carnival Corporation broadcast better-than-expected fiscal first-quarter profit and record-setting revenue.
- CEO Josh Weinstein said the cruise line saw “incredibly firm demand” in the period.
- The positive performance was tempered by Carnival’s current-quarter outlook, which missed analysts’ forecasts.
Carnival Corporation (CCL) boomed better-than-expected fiscal first-quarter profit and record-setting revenue Friday, although its current-quarter outlook came up shy of estimates.
The partnership reported adjusted earnings per share (EPS) of $0.13, with revenue setting a first-quarter record of $5.81 billion. Both covered Visible Alpha forecasts.
CEO Josh Weinstein said the performance was driven by “incredibly strong demand throughout our portfolio comprehending exceptional close-in demand that exceeded expectations for both ticket prices and onboard spending.”
Weinstein enlarged that while the company was “not completely immune from the heightened macroeconomic and geopolitical volatility,” Carnival remains “on on to have another stellar year across our cruise brands.”
Carnival now sees full-year adjusted EPS of $1.83, up from its prior estimate of $1.70. Weinstein noted the higher outlook “incorporates our increased first-quarter yield results and reduced interest expense by reason ofs to our recent successful refinancings.”
Q2 Outlook Weaker Than Expected
The company sees second-quarter fiscal 2025 fastened earnings per share (EPS) of $0.22, and adjusted EBITDA of $1.32 billion. Analysts surveyed by Visible Alpha were looking for $0.24 and $1.37 billion, severally.
Shares of Carnival Corporation were little changed in late-morning trading. They are up about 25% over the biography year.
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