Carnival shares surged nearly 7% on Tuesday following the release of its strong second-quarter earnings report, which exceeded analysts’ expectations. The cruise line reported adjusted earnings of 35 cents per share, surpassing the predicted 24 cents, and generated record adjusted revenue of $6.3 billion, slightly above the anticipated $6.2 billion. This performance reflects growing consumer interest and spending on cruise vacations.
The company’s net income soared to $565 million, a dramatic jump from $92 million in the same quarter last year. CEO Josh Weinstein attributed this success to “strong momentum” across all of Carnival’s brands, highlighting a positive trend in consumer demand and operational efficiency. The increase in earnings suggests a steady recovery and growth trajectory following the pandemic-related downturn.
Carnival Shares Jump 7% as Strong Earnings, Raised Outlook Signal Cruise ComebackCarnival Raises Outlook, Eyes Growth with Celebration Key and Strong Cruise Demand
In response to its financial outperformance, Carnival raised its full-year guidance. It now anticipates adjusted net income to be 40% higher than in 2024, which represents a $200 million increase from its earlier forecast made in March. Additionally, the company expects full-year adjusted EBITDA to hit $6.9 billion, up from its previous estimate of $6.7 billion, reinforcing confidence in its future profitability.
Looking ahead, Carnival is set to open its new private island, Celebration Key, in the Bahamas on July 19—a move expected to improve guest experiences and generate additional revenue. Cruise demand remains strong in the post-pandemic period, with higher prices and fuller ships helping to bring earnings closer to pre-COVID levels, according to NerdWallet. This continued momentum indicates a steady and lasting recovery in the cruise industry.
