Carnival (CCL) Revenue — Quarter Ended May 31, 2024
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The growth reflects continued improvement in passenger ticket and onboard spending.
Key takeaway
Quarter ended May 31, 2024 · FY2024 Q2
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The growth reflects continued improvement in passenger ticket and onboard spending.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.8B
Revenue reported for this quarter.
Quarter-over-quarter
+6.9%
Change from the immediately preceding quarter.
Year-over-year
+17.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$23.4B
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 |
|---|---|---|
| Aug 31, 2023 | $6.9B | +59.2% |
| Nov 30, 2023 | $5.4B | +40.6% |
| Feb 29, 2024 | $5.4B | +22.0% |
| May 31, 2024 | $5.8B | +17.7% |
Revenue performance
Reported revenue rose from the immediately preceding quarter, driven by higher passenger ticket and onboard revenue.
Quarterly comparison
Revenue was higher than the same quarter one year earlier, with both passenger ticket and onboard revenue contributing to the increase.
What to watch
Operating expenses increased in absolute terms, though operating income improved significantly from the prior year.