Sunday, March 23, 2025 Carnival Corporation & plc has raised its profit forecast for the year following a remarkable first quarter, driven by strong demand for cruising and record revenue figures. The company reported first-quarter revenues of $5.8 billion, an increase of $400 million compared to the same period in 2024.
Operating income nearly doubled year-over-year, reaching $543 million. Additionally, adjusted EBITDA saw a significant 38% rise, totaling $1.2 billion for the quarter.
Thanks to this exceptional performance, Carnival Corporation has upgraded its profit outlook for the remainder of 2024. The company now expects net yields to increase by 4.7%, half a point higher than its previous forecast.
Although Carnival anticipates cruise costs to remain steady, the company has raised its adjusted net income by more than 30% compared to 2024, with an adjusted EBITDA projection of around $6.7 billion—better than initial expectations. This optimistic outlook highlights the continued strength of Carnival’s business and its ability to navigate challenges while capitalizing on the thriving cruising sector.
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