Carnival Corporation Announces Record-Breaking $2.8B Net Income for 2025
Carnival Corporation shattered records on December 19, 2025, revealing a full-year net income of $2.8 billion and an adjusted net income of $3.1 billion. This represents a staggering increase of over 60 percent compared to the previous year.
As the world’s largest cruise company, Carnival reported full-year revenues of $26.6 billion on record net yields. This marks the fourth consecutive quarter in 2025 where the company has exceeded its guidance, largely due to a surge in last-minute bookings. This impressive performance highlights the continued strong consumer demand for cruise vacations, even amidst broader economic uncertainties.
Looking forward to 2026, Carnival’s advanced booking position remains consistent with 2025’s record levels, with prices remaining at historically high levels. On December 5, 2025, the company achieved a significant financial milestone by redeeming its outstanding convertible notes. The settlement was made using a combination of $500 million in cash and 69 million common shares. These strong results are a testament to the cruise industry’s remarkable recovery and growth trajectory. Industry analysts predict continued expansion as new ships enter service and investments in private destinations attract an increasing number of passengers.
Source: Cruise Industry News