Carnival Corporation Reports Record Q3 Earnings Amid Market Slide
Carnival Corporation & plc (NYSE: CCL) shares fell 3.98% to close at $29.40 despite posting a record $1.9 billion net income for Q3 2025. Revenue hit an all-time high of $8.2 billion, marking the tenth consecutive quarter of record results. Strong booking trends pushed customer deposits to $7.1 billion, while debt refinancing improved leverage ratios.
The disconnect between fundamentals and share performance highlights broader market volatility. Carnival's raised full-year guidance—projecting 55% higher net income than 2024—failed to buoy investor sentiment as macroeconomic uncertainties weigh on travel stocks.