Carnival Corp. (NYSE: CCL) reported Q2 EPS of $0.35, $0.11 better than the analyst estimate of $0.24. Revenue for the quarter came in at $6.33 billion versus the consensus estimate of $6.21 billion.

2025 Outlook

For the full year 2025, the company expects:

• Net yields (in constant currency) approximately 5.0 percent higher than strong 2024 levels, which were up 11 percent and 0.3 percentage points better than March guidance.
• Adjusted cruise costs excluding fuel per ALBD (in constant currency) up approximately 3.6 percent compared to 2024, better than March guidance.
• Adjusted net income up over 40 percent compared to 2024 and better than March guidance by $200 million.
• Adjusted EBITDA of approximately $6.9 billion, up over 10 percent compared to 2024 and better than March guidance.

For the third quarter of 2025, the company expects:

• Net yields (in constant currency) up approximately 3.5 percent compared to strong 2024 levels, which were up almost 9 percent.
• Adjusted cruise costs excluding fuel per ALBD (in constant currency) up approximately 7.0 percent compared to the third quarter of 2024 primarily due to operating expenses for the opening of Celebration Key, higher investment in advertising expenses and the impacts of lower 2025 capacity and favorable one-time items in 2024.

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