Carnival Corporation plc
CCL
$25.87 0.19%
Exchange: NYSE | Sector: Consumer Cyclical | Industry: Leisure
Q4 2024
Published: Jan 27, 2025

Earnings Highlights

  • Revenue of $5.94B up 10% year-over-year
  • EPS of $0.27 increased by 863.2% from previous year
  • Gross margin of 63.1%
  • Net income of 303.00M
  • ""We expect to hit our 2026 EBITDA per ALBD target a full year early while raising ROIC to just shy of our 12% 2026 target."" - Josh Weinstein
CCL
Carnival Corporation plc

Executive Summary

Carnival Corporation plc reported Q4 2024 results demonstrating a robust financial performance, closing the year with an impressive net income of $303 million, driven by record revenues of $5.94 billion, an increase of 10.04% year-over-year. This exceptional quarter marks the seventh consecutive quarter of record revenues, reflecting a strong demand trajectory for cruise travel. Strong closing demand across its portfolio pushed yields and onboard spending levels higher, leading to a year-to-date yield increase of 11%. In addressing operational efficiency, management successfully reduced unit costs by 100 basis points compared to initial guidance. The positive momentum established in 2024 sets the stage for further growth in 2025, with management forecasting yield growth exceeding 4% and expected net income guidance of over $2.3 billion. Key factors impacting future performance include innovative marketing strategies, improved destination offerings, and strategic cost management initiatives. Investors are encouraged to monitor these developments as the company approaches its long-term growth targets.

Key Performance Indicators

Revenue
Increasing
5.94B
QoQ: -24.80% | YoY: 10.04%
Gross Profit
Increasing
3.75B
63.07% margin
QoQ: 4.23% | YoY: 111.94%
Operating Income
Increasing
561.00M
QoQ: -74.24% | YoY: 46.09%
Net Income
Increasing
303.00M
QoQ: -82.54% | YoY: 731.25%
EPS
Increasing
0.29
QoQ: -79.14% | YoY: 863.16%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2024 5,938.00 0.27 +10.0% View
Q3 2024 7,896.00 1.26 +15.2% View
Q2 2024 5,781.00 0.07 +17.7% View
Q1 2024 5,406.00 -0.17 +22.0% View
Q4 2023 5,396.00 -0.04 +40.6% View