Carnival Corp. posts record Q2 revenue of $6.3 billion and raises full-year guidance
Carnival reported second-quarter 2025 net income of $565 million, or $0.42 per diluted share, compared with $92 million, or $0.07, a year earlier. The company raised its full-year 2025 outlook, with adjusted net income now expected to rise more than 40% from 2024 and adjusted EBITDA of approximately $6.9 billion, which matters to shareholders because it signals stronger expected earnings for the year.
Key points
- Q2 2025 net income was $565 million, or $0.42 diluted EPS, versus $92 million, or $0.07, in Q2 2024.
- Q2 2025 revenues were $6.3 billion, up nearly $550 million from the prior year.
- Full-year 2025 adjusted EBITDA is expected at approximately $6.9 billion, up over 10% from 2024.
- Third-quarter 2025 net yields are expected to rise approximately 3.5% in constant currency compared with 2024.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 24, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.