Carnival said full-year revenues for 2024 reached $25 billion, over 15% higher than the prior year, and full-year operating income was $3.6 billion, over 80% higher than the prior year.

1. 01

   Carnival said full-year revenues for 2024 reached $25 billion, over 15% higher than the prior year, and full-year operating income was $3.6 billion, over 80% higher than the prior year.

2. 02

   The company said passenger ticket revenues for 2024 increased by $2.4 billion to $16.5 billion, a 17% increase, and onboard and other revenues increased by $1.0 billion to $8.6 billion, a 14% increase. It cited higher ticket prices for $988 million as a factor in the ticket revenue increase.

3. 03

   Carnival said it made debt prepayments of over $3 billion during 2024, bringing total prepayments to over $7 billion since the beginning of 2023, and ended the year with debt of $27.5 billion. Interest expense, net of capitalized interest, decreased by $311 million, or 15%, to $1.8 billion.

4. 04

   The company said net cash provided by operating activities for 2024 was $5.9 billion, an increase of $1.6 billion from $4.3 billion in the prior year. As of November 30, 2024, liquidity was $4.2 billion and undrawn export credit facilities were $7.8 billion.

Key figures

Fiscal year ended November 30, 2024

Revenue

$25.0B

Operating income

$3.6B

Net income

$1.9B

EPS

$1.44

Operating cash flow

$5.9B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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