Carnival Corporation has reported record high revenues of $25 billion for 2024.
Its latest earnings revealed full-year revenues were up 15% compared to 2023 because of “continued strength in demand”.
The company posted record adjusted earnings before interest and taxes (Ebitda) of $6.1 billion, which was 40% higher than 2023.
Full-year net income was $1.9 billion, outperforming September guidance by more than $130 million.
Revenue in the fourth quarter hit $5.9 billion, an increase of 10% year on year, which also broke records for the company.
Adjusted Ebitda for the quarter was up 29% on 2023 reaching a record $1.2 billion and surpassing guidance by $80 million.
A total of 13.5 million guests travelled with Carnival in 2024, and its full-year earnings showed its cumulative advanced booked position for 2025 was at “an all-time high” for both price and occupancy.
Josh Weinstein, Carnival Corporation chief executive, said the past quarter had been “an incredibly strong finish to a record year”.
He added: “Revenues hit an all-time high driven by a strong demand environment that we elevated throughout the year, enabling us to outperform our initial 2024 guidance by $700 million and deliver nearly $2 billion more to the bottom line, year over year.
“The progress was broad-based as we drove strong pricing in 2024 as compared to 2023 across our major cruise lines and trades.”
Looking ahead, Weinstein said 2025 was “shaping up to be another banner year” and the company would “continue the momentum” by working on an enhanced destination strategy and increasing awareness and consideration for cruise travel globally.