Carnival — Dec 20, 2024 release

They have delivered a step-change improvement in 2024 which sets us up for a fantastic 2025 and beyond, while delivering unforgettable happiness to over 13.5 million guests last year,” Weinstein noted. Fourth Quarter 2024 Results • Net income was $303 million, or $0.23 diluted EPS, versus a net loss of $48 million in 2023. Adjusted net income of $186 million, or $0.14 adjusted EPS 1 , outperformed September guidance by $126 million, driven by higher ticket prices, higher onboard spending and improved costs. • Record fourth quarter adjusted EBITDA of $1.2 billion was 29 percent higher than 2023 and outperformed September guidance by $80 million. • Record fourth quarter revenues of $5.9 billion, exceeded 2023 levels by 10 percent. • Gross margin yields exceeded 2023 levels by 20 percent. Record net yields 1 (in constant currency) exceeded 2023 levels by 6.7 percent and were better than September guidance. • Gross margin per diems were 19 percent higher than 2023. Record net per diems 1 (in constant currency) were 5.3 percent higher than 2023 with both ticket prices and onboard spending up. • Cruise costs per ALBD increased 4.1 percent compared to 2023. Adjusted cruise costs excluding fuel per ALBD 1 (in constant currency) increased 7.4 percent compared to 2023 and were better than September guidance. 1 See “Non-GAAP Financial Measures” at the end of this release for additional information. • Total customer deposits reached a fourth quarter record of $6.8 billion, surpassing the previo