Carnival Cruise Q1 Profit Soars On Higher Ticker Prices And Strong Occupancy

Carnival Corp (NYSE:CCL) shares are trading lower on Friday following the release of its first-quarter FY25 earnings results.

The company reported first-quarter sales growth of 7.5% year-on-year to $5.81 billion, beating the analyst consensus estimate of $5.75 billion.

Passenger ticket sales increased 5.9% to $3.8 billion. Adjusted EPS of 13 cents beat the consensus estimate of 2 cents.

Average lower berth day totaled 23.6 million. Occupancy percentage for the quarter was 103% in the quarter.

Net yields (in constant currency) were 7.3% higher than 2024. Cruise costs per ALBD decreased 0.3%.

The company registered an operating income of $543 million, a 96.7% surge YoY. Adjusted EBITDA in the quarter stood at $1.2 ...