Financial Performance - Full year net income reached $2.8 billion, with record adjusted net income of $3.1 billion, up over 60% compared to the previous year[6] - Full year revenues totaled $26.6 billion, achieving record net yields in constant currency, outperforming guidance for the fourth time in 2025[6] - Adjusted return on invested capital (ROIC) exceeded 13%, with a net debt to adjusted EBITDA ratio of 3.4x, recognized as investment grade by Fitch[6] - For 2026, adjusted net income is expected to be $3.5 billion, surpassing record 2025 levels[6] - In Q1 2026, adjusted EBITDA was approximately $1.24 billion, while for the full year 2026, it is projected to be approximately $7.63 billion[21] - Adjusted net income for Q1 2026 was approximately $235 million, and for the full year 2026, it is expected to be approximately $3,450 million[21] - The company reported total revenues of $6.33 billion for the three months ended November 30, 2025, compared to $5.94 billion for the same period in 2024, reflecting a year-over-year increase of 6.6%[35] - Adjusted net income for the twelve months ended November 30, 2025, was $3,079 million, compared to $1,891 million in 2024, marking a significant increase of 62.8%[43] - The company reported a diluted earnings per share of $2.02 for the twelve months ended November 30, 2025, up from $1.44 in 2024, a growth of 40.3%[43] Customer Metrics - Record customer deposits reached $7.2 billion, exceeding the previous fourth quarter record[7] - The company achieved record booking volumes for 2026 and 2027 sailings, indicating strong demand for future cruises[9] - Customer deposits increased to $7,246 million in 2025 from $6,779 million in 2024, reflecting a growth of 6.9%[39] Cost and Expense Management - Adjusted cruise costs excluding fuel per available lower berth day (ALBD) are projected to rise approximately 9.6% in the first quarter of 2026[20] - Total cruise and tour operating expenses for the twelve months ended November 30, 2025, were $15.95 billion, compared to $15.64 billion for the previous year, indicating a slight increase[35] - Cruise and tour operating expenses for the three months ended November 30, 2025, were $3,910 million, compared to $3,833 million in 2024, reflecting an increase of 2%[47] - Adjusted cruise costs per ALBD for the twelve months ended November 30, 2025, were $142.41, up from $135.73 in 2024, indicating a year-over-year increase of 4.9%[47] - Adjusted cruise costs excluding fuel per ALBD for the twelve months ended November 30, 2025, were $124.81, compared to $116.99 in 2024, representing a 6.1% increase[47] - Total cruise costs for the twelve months ended November 30, 2025, were $19,154 million, compared to $18,678 million in 2024, marking a 2.5% increase[47] Future Projections - The first quarter of 2026 is expected to see net yields increase approximately 5.1% in current dollars and 1.6% in constant currency[20] - The company anticipates a 1% change in net yields to impact adjusted net income by $43 million in Q1 2026 and $204 million for the full year 2026[21] - Adjusted earnings per share (diluted) for Q1 2026 is approximately $0.17, with a projection of approximately $2.48 for the full year 2026[21] Governance and Corporate Actions - The company plans to unify its dual-listed framework into a single entity, Carnival Corporation, to streamline governance and reporting[15] - The quarterly dividend has been reinstated at $0.15 per share, reflecting confidence in future performance and commitment to shareholder value[10] - The company plans to file a Registration Statement with the SEC regarding proposed unification and redomiciliation transactions, which will contain important information for investors[61] Financial Ratios and Metrics - Adjusted EBITDA margin is defined as adjusted EBITDA divided by total revenues, providing insight into core operating profitability[50] - Net debt to adjusted EBITDA is a measure of overall leverage, defined as total debt less cash and cash equivalents divided by twelve-month adjusted EBITDA[51] - The company reports adjusted gross margin, net yields, and adjusted cruise costs on a "constant currency" basis to facilitate comparative analysis[59] - Gains and losses on ship sales and impairment charges are excluded from adjusted measures as they are not indicative of future earnings performance[49]

Outperforms guidance due to strong close-in demand and effective cost management MIAMI, Dec. 19, 2025 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced financial results for the fourth quarter and full year 2025 and provided an outlook for the first quarter and full year 2026. Key Highlights "2025 was a truly phenomenal year. We set new records across our business, achieved investment grade leverage metrics and, as announced just today, reinstated our dividend. These milestones ...

Carnival represents the second anchor offtake agreement announced in connection with the Galveston LNG project. HOUSTON, TX / ACCESS Newswire / December 18, 2025 / Stabilis Solutions, Inc., ("Stabilis" or the "Company") (Nasdaq:SLNG), a leading provider of clean energy production, storage, and delivery solutions, today announced that it has entered into a definitive, 10-year offtake agreement (the "Agreement") with Carnival Corporation & plc ("Carnival") (NYSE/LSE:CCL; NYSE:CUK) to supply Liquefied Natural ...

Carnival Corporation & plc (NYSE:CUK) is one of the Undervalued Stocks with Biggest Upside Potential. Wall Street is bullish on Carnival Corporation & plc (NYSE:CUK) ahead of its fiscal Q4 2025 earnings release, expected to be announced on December 19. Recently, on December 15, Goldman Sachs reiterated a Buy rating on the stock with a price target of $31. Earlier on December 12, Citi also maintained a Buy rating on the stock with a £27 price target. Analysts at Goldman Sachs noted that the travel indust ...

Core Points - Holland America Line has secured broadcasting rights for the FIFA World Cup 26™ across its fleet of 11 ships, allowing guests to watch all matches during their cruise vacations [1][3] - The tournament will take place from June 11 to July 19, 2026, featuring 104 matches viewable on stateroom televisions and select public areas on the ships [2][3] - The initiative aims to enhance the guest experience by providing live coverage of the World Cup, which is recognized as the world's premier soccer tournament [3] Company Overview - Holland America Line has over 150 years of experience in the cruise industry, offering itineraries that connect guests to nearly 400 ports in 114 countries [5] - The cruise line emphasizes destination immersion and personalized travel, featuring a fleet of 11 vessels equipped with diverse activities and amenities [5] - The company is a division of Carnival Corporation and plc, which is publicly traded on NYSE [5] Industry Context - IMG, the agency managing the media rights for the FIFA World Cup, specializes in sports marketing and has partnerships with over 250 sports federations and events [6] - The collaboration between Holland America Line and IMG aims to create a unique viewing experience for soccer fans at sea, reflecting the global popularity of the sport [3][6]

Core Insights - Seabourn has secured broadcasting rights from IMG to air the FIFA World Cup 26 live on its ocean fleet from June 11 to July 19, 2026, allowing guests to watch all 104 matches during their cruises [1][3] - The initiative aims to enhance the luxury travel experience by combining the excitement of live sports with high-end cruising [3] Company Overview - Seabourn is recognized as a leader in ultra-luxury ocean and expedition travel, operating six modern ships that offer all-suite accommodations, award-winning dining, and a relaxed atmosphere [5] - The company emphasizes a commitment to providing unforgettable experiences, including partnerships with entertainers and wellness programs [5] Event Details - Guests will have access to uninterrupted FIFA World Cup 26 coverage via Sport 24 Special Event Channels, with viewing options available in suites and communal areas on board [3] - Sample voyages during the tournament include various itineraries, such as a 7-day cruise in Turkey and the Greek Isles, and a 14-day journey through the British Isles [4][9] Industry Context - IMG, the agency managing the media rights, is a prominent player in sports marketing, working with over 250 federations and events, indicating the significance of the FIFA World Cup as a global sporting event [7]

The following players span a variety of industries, so if you pick up more than one, you may gain in diversification.Soon, it will be countdown time, noting one by one the last minutes of 2025. But today, we can start early, counting down the last 12 investment days until the new year. The stock market will be closed on Dec. 25 for Christmas Day and opens for partial sessions on Dec. 24 and Dec. 31. What should you do during this countdown? Consider possible stocks, companies with great long-term prospects, ...

Carnival Corporation & plc is the largest global cruise company, and among the largest leisure travel companies, with a portfolio of world-class cruise lines – AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises, and Seabourn. For more information, please visit www.carnivalcorp.com, www.aida.de, www.carnival.com, www.costacruises.com, www.cunard.com, www.hollandamerica.com, www.pocruises.com, www.princess.com, and www.seabourn.com. SOURCE Carnival C ...

Core Insights - Princess Cruises has launched its annual "Come Aboard Sale" for the 2026 Wave Season, offering significant discounts and promotions for travelers [1][4] Promotions and Offers - The sale runs from December 9, 2025, to February 16, 2026, featuring discounts of up to 40% off cruise fares, up to $500 in instant savings, 50% off deposits, and free third and fourth guests on select sailings [1][4] - The advertised $500 savings applies per double occupancy stateroom on 17+ day voyages in a Suite or Mini-Suite [5] Destinations and Itineraries - The "Come Aboard Sale" covers 345 destinations across all seven continents, with voyages available on Princess' 17-ship fleet, including the new Star Princess [3][6] - Notable itineraries include: - 7-day Mediterranean & Aegean starting at $999 on June 23, 2026 - 7-day Western Caribbean starting at $499 on May 16, 2026 - 7-Day Alaska Inside Passage starting at $899 on May 3, 2026 [6] Target Audience - The sale is designed for a wide range of travelers, including loyal guests, first-time cruisers, and multi-generational families [4]

Core Points - Cunard has launched a new promotional offer called "Treat yourself, on us" for Wave Season, providing exclusive benefits for travelers booking select sailings in 2026 and 2027 [1][2][5] - The offer includes up to $600 in onboard credit per stateroom, enhancing the luxury experience with options for fine dining, specialty shopping, spa treatments, and more [3][4] - Cunard's fleet includes four ships: Queen Mary 2, Queen Elizabeth, Queen Victoria, and the newly introduced Queen Anne, which began service in May 2024 [11] Offer Details - The "Treat yourself, on us" offer is valid for voyages from April 2026 through December 2027 [5] - Guests booking in Cunard's Grill Suites will receive additional perks such as a Drinks Package and included service charges [4] - Highlighted itineraries include destinations like Alaska, the Caribbean, Europe, and South America, along with iconic Transatlantic Crossings [6][10] Company Background - Cunard is a luxury British cruise line with a history of 185 years, known for providing unforgettable experiences at sea [8] - The company is part of Carnival Corporation & plc and is based in Southampton [11]