Carnival Corporation reported record financial results for the fourth quarter and full year 2024, achieving all-time high revenues of $25bn, a 15pc increase from the previous year, along with a net income of $1.9bn.
The company’s fourth quarter revenues reached $5.9bn, and adjusted EBITDA was a record $1.2bn, driven by strong demand, increased ticket prices, and onboard spending.
With bookings for 2025 already at record levels for price and occupancy, Carnival anticipates continued growth, projecting a 4.2pc increase in net yields compared to 2024 and an adjusted net income of approximately $2.3bn for 2025.
The company is also focused on reducing its debt, having made significant prepayments and achieving improved leverage metrics, which are expected to lower interest expenses in 2025 and contribute to strengthening its balance sheet.
