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Carnival ( (GB:CCL) ) just unveiled an update.
Carnival Corporation & plc reported record financial results for the fourth quarter and full year 2024, with revenues reaching an all-time high of $25 billion, driven by strong demand and pricing strategies. The company achieved significant growth in net income, operating income, and adjusted EBITDA, surpassing its previous guidance. With a robust booking position for 2025 and efforts to enhance cruise travel awareness, Carnival is set for continued growth, expecting a 20 percent increase in earnings in 2025 and reaching its 2026 SEA Change EBITDA target a year early. The company also made progress in sustainability, reducing greenhouse gas emissions and food waste, while continuing to finance its newbuild program at favorable rates.
More about Carnival
Carnival Corporation & plc operates in the cruise industry, offering a range of cruise experiences across its portfolio of major cruise lines. It focuses on providing cruise vacations to a diverse global customer base, enhancing onboard experiences, and expanding its market reach through strategic destination planning.
YTD Price Performance: 38.69%
Average Trading Volume: 727,907
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £25.16B
See more insights into CCL stock on TipRanks’ Stock Analysis page.
