Why Carnival Stock Surged 27% in May
Carnival (NYSE: CCL)(NYSE: CUK) stock jumped 27% in May, according to data provided by S&P Global Market Intelligence. The stock is on the rebound after crashing earlier this year on fears of crackdowns on cruise industry taxes, and it got a boost from an analyst upgrade.Carnival stock has been volatile since crashing when the pandemic started. The company has made incredible progress in rebuilding its business, with record demand every quarter that it keeps smashing through, but the market is still concerned about its massive outstanding debt.The 2025 fiscal first quarter (ended Feb. 28) was another huge success. Revenue increased 7% year over year to $5.8 billion, and operating income nearly doubled to $543 million. The advanced booking position was in line with last year's record highs, and bookings for 2026 surpassed previous records. Total deposits were $7.3 billion, a first-quarter record, driven by both ticket sales and pre-cruise onboard sales, and ticket sales were at historical highs. Net yields, adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), and adjusted net income all exceeded management's guidance.Continue reading
Carnival (NYSE: CCL)(NYSE: CUK) stock jumped 27% in May, according to data provided by S&P Global Market Intelligence. The stock is on the rebound after crashing earlier this year on fears of crackdowns on cruise industry taxes, and it got a boost from an analyst upgrade.
Carnival stock has been volatile since crashing when the pandemic started. The company has made incredible progress in rebuilding its business, with record demand every quarter that it keeps smashing through, but the market is still concerned about its massive outstanding debt.
The 2025 fiscal first quarter (ended Feb. 28) was another huge success. Revenue increased 7% year over year to $5.8 billion, and operating income nearly doubled to $543 million. The advanced booking position was in line with last year's record highs, and bookings for 2026 surpassed previous records. Total deposits were $7.3 billion, a first-quarter record, driven by both ticket sales and pre-cruise onboard sales, and ticket sales were at historical highs. Net yields, adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), and adjusted net income all exceeded management's guidance.
