secwatch.observer — SEC 8-K summary
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Issuer:     CARNIVAL PLC (CUK)
CIK:        0001125259
Form:       8-K
Filed at:   2025-06-24T23:59:59+00:00
Accession:  0000815097-25-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1125259/000081509725000047/0000815097-25-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/815097/000081509725000047/ccl-20250624.htm
  HTML page:      https://secwatch.observer/filing/0000815097-25-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer