Carnival Corp's 10-Q Report Reveals Strong Revenue Growth

By Hao Liu • Thursday, June 26 15:52 • Permanent Link

CARNIVAL CORP has recently released its 10-Q report, providing a detailed look into the company's financial condition and operations. Carnival Corporation & plc, a cruise company, operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other, offering services under multiple brands. The company's revenues for the three months ended May 31, 2025, were primarily driven by a 9.3% increase in passenger ticket revenues, totaling $4.1 billion, and a 9.7% increase in onboard and other revenues, totaling $2.2 billion.

In the report's "Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations," Carnival Corp identified several factors that could affect its future results. These include geopolitical uncertainty, incidents concerning its ships, changes in and non-compliance with laws and regulations, climate change, cybersecurity incidents, and the loss of key team members, among others.

The company also highlighted known trends and uncertainties, such as the impact of fuel cost volatility on profitability and the increasing focus on reducing greenhouse gas emissions. Carnival Corp became subject to the EU Emissions Trading System on January 1, 2024, with associated costs of $46 million in 2024, representing 40% of emissions under the ETS operational scope.

The report also includes statistical information for the three and six months ended May 31, 2025, compared to the same periods in 2024. Notably, the company reported a 9.3% increase in passenger ticket revenues and a 9.7% increase in onboard and other revenues for the three months ended May 31, 2025, compared to the same period in 2024.

Furthermore, the report details the operating expenses for the three months ended May 31, 2025, which increased by 2.3% to $3.9 billion from $3.8 billion in 2024. This increase was primarily driven by a 3.1% capacity increase in Available Lower Berth Days (ALBDs) and higher repair and maintenance expenses, among other factors.

The market has reacted to these announcements by moving the company's shares 2.37% to a price of $26.085. If you want to know more, read the company's complete 10-Q report here.

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