Carnival (US:CCL)2025-06-24 11:09Financial Performance - Carnival Corporation achieved a record Adjusted EBITDA of $2.8 billion in Q3 2024, up $600 million compared to Q3 2023 and $160 million above June guidance[14] - Net yields increased by 8.7% in 3Q 2024 compared to 2023[11] - Adjusted cruise costs excluding fuel per ALBD decreased by 0.3% in 3Q 2024 compared to 2023, outperforming the guidance of approximately 4.5% increase[11] - The company delivered over 60% more Net Income than in 2023 and achieved double-digit Adjusted ROIC as of the end of 3Q[11] - Full year 2024 Adjusted EBITDA guidance improved to approximately $6.0 billion[23] - Full year 2024 Adjusted net income/(loss) guidance improved to approximately $1.76 billion[23] Bookings and Customer Deposits - 2025 bookings are hitting new historical highs with price improvements compared to the prior year[24] - Customer deposits reached a record $6.8 billion in 3Q 2024, up $1.9 billion from the prior record of $4.9 billion in 3Q 2019[26] Debt Management - Carnival Corporation prepaid over $7 billion of above-average interest rate debt since the beginning of 2023[32] - The company prepaid another $625 million of debt since June 2024[34] - Increased borrowing capacity under revolving credit facility by approximately $500 million, bringing the total undrawn commitment to $3.0 billion[34] Sustainability - The company is progressing towards its 2026 SEA Change targets, averaging more than two-thirds of the way there across the three metrics after just one year[37]