Carnival (CCL) Revenue — Quarter Ended Aug 31, 2023
Revenue increased compared to the prior quarter and the same quarter last year. The company reported higher passenger ticket and onboard revenue.
Key takeaway
Quarter ended Aug 31, 2023 · FY2023 Q3
Revenue increased compared to the prior quarter and the same quarter last year. The company reported higher passenger ticket and onboard revenue.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.9B
Revenue reported for this quarter.
Quarter-over-quarter
+39.6%
Change from the immediately preceding quarter.
Year-over-year
+59.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$20B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Nov 30, 2022 | $3.8B | +198.3% |
| Feb 28, 2023 | $4.4B | +173.1% |
| May 31, 2023 | $4.9B | +104.5% |
| Aug 31, 2023 | $6.9B | +59.2% |
Revenue performance
Revenue growth was driven by increases in both passenger ticket and onboard and other revenue streams.
Quarterly comparison
Revenue rose compared to the immediately preceding quarter and was significantly higher than the same quarter one year earlier.
What to watch
Monitor operating expense trends, particularly fuel and food costs, which may impact future margins.