Carnival (CCL) Revenue — Quarter Ended Feb 29, 2024
Revenue increased compared to the same quarter last year, driven by higher passenger ticket and onboard spending. The current quarter's revenue was essentially flat versus the immediately preceding quarter.
Key takeaway
Quarter ended Feb 29, 2024 · FY2024 Q1
Revenue increased compared to the same quarter last year, driven by higher passenger ticket and onboard spending. The current quarter's revenue was essentially flat versus the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.4B
Revenue reported for this quarter.
Quarter-over-quarter
+0.2%
Change from the immediately preceding quarter.
Year-over-year
+22.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$22.6B
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 |
|---|---|---|
| May 31, 2023 | $4.9B | +104.5% |
| Aug 31, 2023 | $6.9B | +59.2% |
| Nov 30, 2023 | $5.4B | +40.6% |
| Feb 29, 2024 | $5.4B | +22.0% |
Revenue performance
The reported revenue rose year over year, reflecting growth in both passenger ticket and onboard and other revenue streams.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was nearly unchanged. Compared to the same quarter one year earlier, revenue was significantly higher.
What to watch
The company continued to report a net loss despite the revenue improvement, with interest expense remaining a substantial cost.