{"id":67399,"date":"2023-09-30T22:44:42","date_gmt":"2023-10-01T02:44:42","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/carnival-corporation-surpasses-q3-estimates-with-6-85-billion-revenue\/"},"modified":"2023-09-30T22:44:45","modified_gmt":"2023-10-01T02:44:45","slug":"carnival-corporation-surpasses-q3-estimates-with-6-85-billion-revenue","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=67399","title":{"rendered":"Carnival Corporation Surpasses Q3 Estimates With $6.85 Billion Revenue"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. <\/span>
\n<\/i>\n<\/div>\n

Carnival (NYSE:) Corporation, the world-renowned cruise line, has reported robust financial performance for the third quarter of 2023, surpassing Zacks estimates. The company’s revenue reached $6.85 billion, marking a substantial year-over-year increase of 59.2%. According to InvestingPro’s real-time metrics, Carnival’s revenue for the last twelve months (LTM2023.Q2) was $17.49 billion, showing a remarkable revenue growth of 198.58%. The earnings per share (EPS) stood at $0.86, consistent with the InvestingPro Tip that Carnival has been consistently increasing its earnings per share.<\/p>\n

The key metrics contributing to this positive outcome included a 109% occupancy rate, along with 25,800 thousand passenger cruise days and 23,700 thousand available lower berth days. This increased occupancy and demand for cruise services underscore the company’s successful recovery from the impact of the global pandemic. <\/p>\n

Fuel consumption was reported at 700 Kmt, with costs amounting to $636 per metric ton. Despite the fluctuating energy prices globally, Carnival managed to maintain its operations efficiently. It’s worth noting, as per InvestingPro Tips, that Carnival operates with a significant debt burden, which could be a factor to consider in its financial performance.<\/p>\n

The revenue sources for Carnival were diverse in Q3 2023. Passenger tickets generated the lion’s share of income, contributing $4.55 billion. Onboard services followed closely, bringing in $2.31 billion. Tours also added to the revenue stream with $172 million.<\/p>\n

This growth in revenue and outperformance of estimates is indicative of Carnival Corporation’s resilience and adaptability in a rapidly changing market environment. The company’s ability to attract passengers and maintain high occupancy rates has played a significant role in this financial success. However, according to InvestingPro Tips, the company’s revenue growth has been slowing down recently, which is something investors should keep an eye on.<\/p>\n

According to InvestingPro’s data, Carnival’s market cap stands at $17.36 billion, with a negative P\/E ratio of -4.89. The company’s stock price movements have been quite volatile, with a large price uptick over the last six months, resulting in a year-to-date price total return of 79.16%.<\/p>\n

For more insights and tips like these, interested investors can check out the InvestingPro product, which includes additional tips.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Carnival (NYSE:) Corporation, the world-renowned cruise line, has reported robust financial performance for the third quarter of 2023, surpassing Zacks estimates. The company’s revenue reached $6.85 billion, marking a substantial year-over-year increase of 59.2%. According to InvestingPro’s real-time metrics, Carnival’s revenue for the last twelve months (LTM2023.Q2) was $17.49 billion, showing a remarkable […]<\/p>\n","protected":false},"author":1,"featured_media":5122,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-67399","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nCarnival Corporation Surpasses Q3 Estimates With $6.85 Billion Revenue | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. Carnival (NYSE:) Corporation, the world-renowned cruise line, has reported robust financial performance for the third quarter of 2023,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=67399\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Carnival Corporation Surpasses Q3 Estimates With $6.85 Billion Revenue | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. Carnival (NYSE:) Corporation, the world-renowned cruise line, has reported robust financial performance for the third quarter of 2023,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=67399\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-01T02:44:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-01T02:44:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXNPEB6U08A_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=67399#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=67399\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Carnival Corporation Surpasses Q3 Estimates With $6.85 Billion Revenue\",\"datePublished\":\"2023-10-01T02:44:42+00:00\",\"dateModified\":\"2023-10-01T02:44:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=67399\"},\"wordCount\":383,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=67399#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=67399\",\"url\":\"https:\/\/ifintechworld.com\/?p=67399\",\"name\":\"Carnival Corporation Surpasses Q3 Estimates With $6.85 Billion Revenue | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-10-01T02:44:42+00:00\",\"dateModified\":\"2023-10-01T02:44:45+00:00\",\"description\":\"\u00a9 Reuters. Carnival (NYSE:) Corporation, the world-renowned cruise line, has reported robust financial performance for the third quarter of 2023,\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=67399#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=67399\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=67399#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Carnival Corporation Surpasses Q3 Estimates With $6.85 Billion Revenue\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Carnival Corporation Surpasses Q3 Estimates With $6.85 Billion Revenue | iFintechWorld","description":"\u00a9 Reuters. Carnival (NYSE:) Corporation, the world-renowned cruise line, has reported robust financial performance for the third quarter of 2023,","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=67399","og_locale":"en_US","og_type":"article","og_title":"Carnival Corporation Surpasses Q3 Estimates With $6.85 Billion Revenue | iFintechWorld","og_description":"\u00a9 Reuters. Carnival (NYSE:) Corporation, the world-renowned cruise line, has reported robust financial performance for the third quarter of 2023,","og_url":"https:\/\/ifintechworld.com\/?p=67399","og_site_name":"iFintechWorld","article_published_time":"2023-10-01T02:44:42+00:00","article_modified_time":"2023-10-01T02:44:45+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXNPEB6U08A_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=67399#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=67399"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Carnival Corporation Surpasses Q3 Estimates With $6.85 Billion Revenue","datePublished":"2023-10-01T02:44:42+00:00","dateModified":"2023-10-01T02:44:45+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=67399"},"wordCount":383,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=67399#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=67399","url":"https:\/\/ifintechworld.com\/?p=67399","name":"Carnival Corporation Surpasses Q3 Estimates With $6.85 Billion Revenue | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-10-01T02:44:42+00:00","dateModified":"2023-10-01T02:44:45+00:00","description":"\u00a9 Reuters. Carnival (NYSE:) Corporation, the world-renowned cruise line, has reported robust financial performance for the third quarter of 2023,","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=67399#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=67399"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=67399#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Carnival Corporation Surpasses Q3 Estimates With $6.85 Billion Revenue"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/67399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67399"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/67399\/revisions"}],"predecessor-version":[{"id":67400,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/67399\/revisions\/67400"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/5122"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}