Carnival Corporation & plc has posted its strongest financial results in company history, reporting a record third-quarter net income of $1.9 billion and adjusted net income of $2 billion. The cruise giant also raised its full-year 2025 outlook for the third time this year, signaling continued momentum for travel advisors booking across its portfolio of brands.
Record Revenues and Bookings
Carnival delivered record revenues of $8.2 billion, marking its 10th consecutive quarter of record results, driven by strong demand and onboard spending. Net yields improved 4.6 percent year over year on a same-ship basis, outpacing earlier guidance.
“This was a phenomenal quarter delivering all-time high net income and our tenth consecutive quarter of record revenues,” said Josh Weinstein, CEO of Carnival Corporation & plc, in a statement.
He added: “Adjusted return on invested capital reached 13 percent for the first time in nearly 20 years, a clear testament to the continued improvement in our operational execution—driven not only by consistently strong performance from Carnival Cruise Line and AIDA, but also great advancement across the rest of our portfolio of world-class brands.”
The company said its 2026 advanced booked position remains strong, in line with 2025’s record levels, with pricing at historical highs. Bookings for 2027 are also off to a record start.
Exclusive Destination Driving Demand
Weinstein highlighted the launch of Celebration Key in the Bahamas, Carnival’s new exclusive destination, which opened in July and has already hosted nearly half a million guests.
“As beaches are the number one preferred destination for vacationing Americans, our miles upon miles of some of the most beautiful beaches in the world are well-positioned to attract even more first-time cruisers while offering our loyal guests yet another great reason to come back soon,” Weinstein said.
Key Takeaways for Advisors
- Stronger financial results across Carnival’s nine brands point to sustained capacity demand into 2026 and 2027.
- Exclusive destinations like Celebration Key are already proving to be major selling points for clients.
- With record revenues and rising yields, travel advisors can expect continued pricing strength in the near term.
For more information, visit www.carnivalcorp.com.
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