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Carnival Soars: 130% Stock Surge Amid Record Demand

1/11/2025

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Summary

Story summary

Carnival's stock has skyrocketed 130% in 2023 and an impressive 34% in 2024, fueled by soaring demand and record-breaking bookings. With $25 billion in revenue and $1.9 billion in net income for fiscal 2024, the cruise giant is navigating its $27 billion debt while laying the groundwork for robust growth in 2025.

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Story summary

Carnival's stock has skyrocketed 130% in 2023 and an impressive 34% in 2024, fueled by soaring demand and record-breaking bookings. With $25 billion in revenue and $1.9 billion in net income for fiscal 2024, the cruise giant is navigating its $27 billion debt while laying the groundwork for robust growth in 2025.