Carnival FY2024 record revenue $25B, net income $1.9B; Q4 beats guidance; sees 20% earnings growth in 2025

CARNIVAL PLC

Full year revenue $25B (all-time high), up >15% YoY; net income $1.9B, adjusted net income beats guidance by $130M.
Record adjusted EBITDA $6.1B, up >40% YoY; record operating income $3.6B, up >80%.
Q4 revenue record $5.9B, net income $303M ($0.23 EPS) vs loss last year; adjusted EPS $0.14 beat guidance by $126M.
2025 outlook: expects 20% earnings growth; cumulative advanced booked position at all-time high for price and occupancy.
Adjusted ROIC 11%, already >80% toward 2026 SEA Change target; expects to hit 2026 EBITDA target one year early.

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