by Sarah Kuta
Last updated: 1:00 PM ET, Tue October 1, 2024
Carnival Corporation & plc reported record third-quarter results and raised its full-year guidance for the third time this year.
In an update to investors, the company shared that third-quarter income was $1.7 billion, a 60 percent increase from 2023. Third-quarter revenues were $7.9 million, an all-time high, and an increase of $1 billion compared to 2023. The company had record operating income of $2.2 billion, a 34 percent jump compared to 2023.
Poised to have a record operating performance year for 2024, the company again raised its full-year 2024 adjusted EBITDA guidance to $6 billion, an increase of nearly $200 million from June.
"We delivered a phenomenal third quarter, breaking operational records and outperforming across the board,” said Josh Weinstein, the company’s chief executive officer. “Our strong improvements were led by high-margin, same-ship yield growth, driving a 26 percent improvement in unit operating income, the highest level we have reached in fifteen years.”
Bookings for 2025 are also strong, tracking ahead of the previous 2024 record with prices—and 2026 is shaping up to be a good year, too.
"With nearly half of 2025 booked and less inventory remaining for sale than the prior year, we are leveraging strong demand to achieve record ticket pricing,” says Weinstein. “Our brands continue to deliver robust bookings momentum, with all our brands ahead on price for 2025 sailings, based on the success of their demand generation efforts along with the exciting offerings and unparalleled experiences we consistently provide our guests. Likewise, 2026 is off to an unprecedented start achieving record booking volumes in the last three months.”
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