Carnival Corporation Posts Positive Revenue

Dec 21, 2023 By MarketDepth

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Carnival PLC (CCL:NASD) posts record fourth-quarter and annual earnings report. The company operates 90 cruise ships across multiple brands which attracted 13 million guests pre-pandemic and is a number the company wants to get to in 2023.

The company reported record fourth-quarter revenue of $5.4 billion and annual revenue of $21.6 billion. Carnival paid down significant debt and 2024 outlook for occupancy & price is at record highs. The company has significant liquidity with increased 2024 bookings and record revenue for 2023.

Carnival PLC is up over 100% on the year and 7% intraday to a price of $19.42 and a MCAP of $25.4 billion.

“We ended the year on a high note with another record-breaking quarter that exceeded expectations and achieved positive full year adjusted net income. In fact, we consistently outperformed in all four quarters of the year, buoyed by a strengthening demand environment across all our brands.”

Carnival Corporation & plcs Chief Executive Officer Josh Weinstein