People were observed gazing at the Carnival Adventure cruise ship parked at Melbourne's Station Pier on March 20, 2025.

Carnival Corporation disclosed a profit that exceeded expectations and a record-high revenue in the first quarter of the fiscal year. The CEO, Josh Weinstein, mentioned the cruise company experienced strong demand during the period. However, the positive results were somewhat overshadowed by Carnival's outlook for the current quarter, which fell short of analysts' predictions.

Carnival Corporation (CCL) declared that its adjusted earnings per share (EPS) for the quarter were $0.13, and revenue hit $5.81 billion, a first-quarter record. Both figures surpassed Visible Alpha's forecasts. Weinstein attributed the robust performance to exceptional demand across the company's portfolio, noting surpassing expectations in ticket prices and onboard spending, particularly in close-in demand.

Weinstein acknowledged Carnival was not entirely unaffected by the increased macroeconomic and geopolitical uncertainties but expressed confidence in another successful year for the cruise brands.

The company revised its full-year adjusted EPS outlook to $1.83, up from the initial estimate of $1.70, citing improved first-quarter yield results and reduced interest expense from recent refinancing initiatives.

However, Carnival's second-quarter forecast for fiscal year 2025 fell short of expectations. The company anticipates adjusted EPS of $0.22 and adjusted EBITDA of $1.32 billion compared to analysts' anticipated figures of $0.24 and $1.37 billion respectively.

Carnival Corporation's stock remained relatively stable during late-morning trading, having risen around 25% in the past year.