• For the first time since the resumption of guest cruise operations, U.S. GAAP net income turned positive, generating USD 1.07 billion, marking a significant milestone. Adjusted net income of USD 1.18 billion, exceeded the June guidance range of USD 0.95 billion to USD 1.05 billion.
• Adjusted EBITDA of USD 2.22 billion also exceeded the June guidance range of USD 2.05 billion to USD 2.15 billion.
• Third quarter revenues hit an all-time high of USD 6.9 billion.
• While gross margin yields were down compared to 2019, net yields (in constant currency) exceeded strong 2019 levels.
• Occupancy in the third quarter of 2023 was 109 percent, better than the company's expectations and a return to historical levels.
• Gross margin per diems were down compared to 2019. Net per diems (in constant currency) exceeded 2019 levels, overcoming headwinds from the removal of St. Petersburg, Russia as a marquee destination and were approximately one percentage point above the midpoint of the June guidance range (see "Non-GAAP Financial Measures" below).
• Cruise costs per ALBD increased 8.9 percent as compared to the third quarter of 2019. Adjusted cruise costs excluding fuel per ALBD (in constant currency) increased 15 percent compared to the third quarter of 2019, in line with June guidance (see "Non-GAAP Financial Measures" below).
• Total customer deposits reached a third quarter record of USD 6.3 billion, surpassing the previous third quarter record of USD 4.9 billion (as of 31 August 2019), by 28 percent.

"We delivered over USD 1 billion to the bottom line with revenue reaching an all-time high" commented Carnival Corporation & plc's Chief Executive Officer Josh Weinstein. "Both revenue and earnings significantly exceeded expectations this quarter enabling us to take up expectations for the year."

Weinstein continued, "The outperformance was driven by strength in demand, with both our North America and Australia segment and Europe segment equally outperforming expectations. It is gratifying to see the power of our portfolio deliver, as our continental European brands have stepped up nicely. Our demand generation efforts are working across all regions, as we have consistently been achieving quarterly net per diems well in excess of 2019 levels, while closing the occupancy gap by 11 points over the course of the year."

Weinstein added, "I continue to be encouraged with our revenue trajectory heading into next year as we see no signs of slowing from our consumers."

Full report https://www.carnivalcorp.com/news-releases/news-release-details/carnival-corporation-plc-reports-all-time-record-revenue-and

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