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Carnival Corporation Q2 2024 financial results

FinanceRevenues in Q2 2024 for Carnival Corporation reached USD 5.78 billion, up from USD 4.91 billion in the period last year. Record second quarter adjusted EBITDA of USD 1.2 billion, increasing over 75 percent compared to 2023. Net income was USD 92 million, an increase of nearly USD 500 million compared to 2023.

"We have made incredible strides in improving our commercial operations, strategically reallocating our portfolio composition and formulating growth plans, while strengthening even further our global team, the best in the business. Off the back of that effort, we closed yet another quarter delivering records, this time across revenues, operating income, customer deposits and booking levels, exceeding our guidance on every measure," commented Carnival Corporation & plc's Chief Executive Officer Josh Weinstein.

"Based on continued strong demand trends, we are taking up our expectations for the year with net yields now forecasted to top ten percent and propelling us towards double-digit returns on invested capital. On our upwardly revised guidance, we will be on average around two-thirds of the way to achieving our three 2026 SEA Change targets after just one year. With two years remaining, it certainly gives us even more conviction in achieving these deliverables," Weinstein added.

Read full report https://www.carnivalcorp.com/news-releases/news-release-details/carnival-corporation-plc-reports-record-second-quarter-revenues

Jun 27 2024


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