European Investor
28 Mar 2026, 07:57
Carnival Corporation & plc reported record first-quarter 2026 results, driven by strong demand and higher pricing across its cruise portfolio.
The company posted revenues of $6.2 billion and adjusted EBITDA of $1.3 billion, with adjusted earnings per share rising 50% year-on-year. Net income reached $258 million, exceeding guidance despite higher fuel costs.
Bookings for 2026 increased at a double-digit rate, with around 85% of capacity already sold at historically high prices. Customer deposits also hit a record nearly $8 billion, reflecting strong forward demand extending into 2028.
Carnival also introduced its long-term “PROPEL” strategy, targeting continued earnings growth, higher returns, and stronger cash flow through 2029, alongside a newly announced $2.5 billion share buyback program.
For full-year 2026, the company expects further yield growth and improved profitability, supported by sustained demand and operational efficiencies.
PRNewswire
The company posted revenues of $6.2 billion and adjusted EBITDA of $1.3 billion, with adjusted earnings per share rising 50% year-on-year. Net income reached $258 million, exceeding guidance despite higher fuel costs.
Bookings for 2026 increased at a double-digit rate, with around 85% of capacity already sold at historically high prices. Customer deposits also hit a record nearly $8 billion, reflecting strong forward demand extending into 2028.
Carnival also introduced its long-term “PROPEL” strategy, targeting continued earnings growth, higher returns, and stronger cash flow through 2029, alongside a newly announced $2.5 billion share buyback program.
For full-year 2026, the company expects further yield growth and improved profitability, supported by sustained demand and operational efficiencies.
PRNewswire
