---
schema_version: "secwatch.filing_event.v1"
accession: "0000815097-25-000047"
form_type: "8-K"
ticker: "CUK"
cik: "0001125259"
company_name: "CARNIVAL PLC"
filed_at: "2025-06-24T23:59:59+00:00"
generated_at: "2026-05-18T21:56:02.119820+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Carnival beats Q2 guidance; net income $565M, revs $6.3B, hits 2026 targets early

## Summary
- Adjusted net income $470M ($0.35 EPS) beat March guidance by $185M; net income $565M ($0.42 diluted EPS), ~$475M improvement YoY.
- Record Q2 revenues $6.3B (+$550M YoY); record net yields constant currency +6.4% vs 2024.
- Record adjusted EBITDA $1.5B (+26% YoY); exceeded 2026 SEA Change targets (adj. ROIC >12.5%, adj. EBITDA/ALBD) 18 months early.
- Customer deposits all-time high $8.5B; cumulative advanced bookings 2026 at record prices, in line with 2025 levels.
- Revolver capacity upsized to $4.5B (50% increase) and extended in June 2025.

## SEC filing metadata
- accession: 0000815097-25-000047
- form_type: 8-K
- ticker: CUK
- cik: 0001125259
- company_name: CARNIVAL PLC
- filed_at: 2025-06-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1125259/000081509725000047/0000815097-25-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/815097/000081509725000047/ccl-20250624.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000815097-25-000047
- JSON: https://secwatch.observer/filing/0000815097-25-000047.json
- Plain text: https://secwatch.observer/filing/0000815097-25-000047.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.