Carnival Corp. tops earnings, revenue expectations on strong bookings momentum

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Carnival Corp. tops earnings, revenue expectations on strong bookings momentum

) announced an improvement in its second-quarter financial results, with net income increasing by nearly $500 million compared to the same period in 2023.

Carnival's CEO, Josh Weinstein, attributed the strong quarter to the company's strategic efforts in improving commercial operations and growth plans. Looking ahead, Carnival raised its full year 2024 net yield guidance to approximately 10.25% on strong demand, with a projected adjusted net income of about $1.55 billion, which is $275 million above the March guidance.

Carnival also said customer deposits hit an all-time high of $8.3 billion, surpassing the previous record by $1.1 billion. The company's cumulative booked position for the remainder of 2024 and full year 2025"continues to be the best on record in both price and occupancy."

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