Carnival Corp. (NYSE: CCL) reported Q4 EPS of ($0.07), $0.06 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $5.4 billion versus the consensus estimate of $5.3 billion.

2024 Outlook :

For the full year 2024, the company expects:

Adjusted EBITDA of approximately $5.6 billion, over 30 percent growth compared to 2023

• Net yields (in constant currency) up approximately 8.5 percent compared to 2023, with full year occupancy returning to historical levels and nicely higher net per diems (in constant currency) reflecting continued strength in pricing and onboard spending
• Adjusted cruise costs excluding fuel per ALBD (in constant currency) up approximately 4.5 percent compared to 2023

For the first quarter of 2024, the company expects:

• Adjusted EBITDA of approximately $0.8 billion, more than double the first quarter of 2023
• Net yields (in constant currency) up approximately 16.5 percent compared to the first quarter of 2023 with occupancy returning to historical levels as the company closes the remaining occupancy gap in the first half of the year
• Adjusted cruise costs excluding fuel per ALBD (in constant currency) up approximately 9.5 percent compared to the first quarter of 2023 primarily due to higher occupancy levels, the timing of advertising investments and dry-dock related expenses compared to the prior year

For earnings history and earnings-related data on Carnival Corp. (CCL) click here.