Market Insights

In this episode, we delve into Carnival Corporation & plc's impressive Q3 2024 earnings call, where the company reported nearly $8 billion in revenue, a remarkable $1 billion increase year-on-year. With an EBITDA of $2.8 billion and a more than 60% surge in net income, Carnival's performance surpassed all expectations and previous guidance. CEO Josh Weinstein attributes this success to high-margin yield growth rather than increased capacity, affirming the company's commitment to maintaining this trajectory. The episode explores Carnival's optimistic forecast for 2025, characterized by historical highs in occupancy and pricing, and highlights strategic insights from CFO David Bernstein, who predicts continued positive trends and a net income guidance of $1.76 billion for September. With record bookings and focused operations, Carnival is poised for sustained success, making this episode a must-listen for investors looking to understand the financial future of one of the industry’s key players.