NYSE$CCL
Carnival Corp · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported a net loss but showed signs of recovery with increased revenue and occupancy.
Carnival Corporation reported a net loss of $1.8 billion for Q2 2022, but demonstrated significant improvement with revenue increasing by nearly 50% compared to Q1 2022 and occupancy reaching 69%. The company's cash from operations turned positive, and customer deposits increased by $1.4 billion.
- U.S. GAAP net loss of $1.8 billion and adjusted net loss of $1.9 billion for the second quarter of 2022.
- Cash from operations turned positive in the second quarter of 2022.
- Second quarter 2022 ended with $7.5 billion of liquidity.
- Booking volumes for all future sailings during the second quarter of 2022 were nearly double the booking volumes during the first quarter of 2022.
Headline financials
Revenue & EPS history
Carnival · Revenue · Quarterly
$2.4B
Revenue by segment
Carnival · $2.4B total across 2 segments · Q2 2022
- Passenger Ticket$1.29B—53.5%
- Onboard and Other$1.12B—46.5%
Forward guidance
Carnival Corporation expects a net loss for the third quarter of 2022 and for the full year 2022. The company continues to believe that adjusted EBITDA will improve with the ongoing resumption of guest cruise operations and continues to expect improvement in occupancy throughout 2022 until it returns to historical levels in 2023. The company expects positive adjusted EBITDA for the third quarter of 2022.
Tailwinds
- Expects improvement in occupancy throughout 2022 until it returns to historical levels in 2023.
- Continues to believe that adjusted EBITDA will improve with the ongoing resumption of guest cruise operations.
- The company expects positive adjusted EBITDA for the third quarter of 2022.
Headwinds
- The company expects a net loss for the third quarter of 2022.
- For the full year 2022, the company continues to expect a net loss.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2022
-0.3%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+0.2%
Avg return
30 days after
44%
32 / 72 earnings
Positive
+29.0%
Q1 2020
Best reaction
-25.2%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.8% | -3.1% | — | |
| Q4 2025 | +9.7% | +10.3% | +2.0% | |
| Q3 2025 | -4.0% | -6.7% | -9.0% | |
| Q2 2025 | -1.2% | +0.8% | +3.2% | |
| Q1 2025 | -1.2% | -1.3% | -15.1% | |
| Q4 2024 | +2.2% | +2.4% | +2.7% | |
| Q3 2024 | -2.8% | -2.8% | +19.5% | |
| Q2 2024 | +12.1% | +14.2% | +4.3% | |
| Q1 2024 | -4.1% | -4.5% | -11.5% | |
| Q4 2023 | +4.8% | +3.0% | -4.1% | |
| Q3 2023 | -5.5% | -9.3% | -22.9% | |
| Q2 2023 | +0.6% | +19.2% | +11.7% | |
| Q1 2023 | +1.1% | +10.0% | -5.1% | |
| Q4 2022 | -2.7% | -3.6% | +29.3% | |
| Q3 2022 | -25.2% | -18.9% | -2.4% | |
| Q2 2022 | +9.3% | -8.1% | -4.0% | |
| Q1 2022 | -3.4% | -3.0% | +3.0% | |
| Q4 2021 | +12.4% | +16.0% | +16.1% | |
| Q3 2021 | +6.8% | +3.4% | -9.7% | |
| Q2 2021 | -0.1% | -8.4% | -22.0% | |
| Q1 2021 | -0.1% | -3.0% | -6.4% | |
| Q4 2020 | -1.2% | -2.9% | +32.5% | |
| Q3 2020 | -1.9% | -12.3% | -13.6% | |
| Q2 2020 | +4.8% | +19.9% | -2.5% | |
| Q1 2020 | +29.0% | +47.1% | +35.1% | |
| Q4 2019 | +9.9% | +9.2% | +11.3% | |
| Q3 2019 | -9.3% | -11.6% | -7.3% | |
| Q2 2019 | -11.8% | -14.0% | -14.7% | |
| Q1 2019 | -10.6% | -10.5% | -5.0% | |
| Q4 2018 | -13.0% | -16.0% | -0.2% | |
| Q3 2018 | -4.8% | -5.8% | -19.0% | |
| Q2 2018 | -5.9% | -9.8% | -9.1% | |
| Q1 2018 | -4.0% | -2.0% | -1.8% | |
| Q4 2017 | +1.7% | -0.4% | +3.6% | |
| Q3 2017 | +0.3% | +1.7% | +4.9% | |
| Q2 2017 | +0.0% | -2.1% | +0.9% | |
| Q1 2017 | +0.2% | +0.1% | +3.6% | |
| Q4 2016 | +3.4% | +3.3% | +4.2% | |
| Q3 2016 | +2.3% | +3.3% | -0.2% | |
| Q2 2016 | +1.9% | +2.8% | +6.6% | |
| Q1 2016 | +6.3% | — | — | |
| Q4 2015 | +6.9% | — | — | |
| Q3 2015 | -2.2% | — | — | |
| Q2 2015 | -0.2% | — | — | |
| Q1 2015 | +7.4% | — | — | |
| Q4 2014 | +0.8% | — | — | |
| Q3 2014 | +1.9% | — | — | |
| Q2 2014 | -2.3% | — | — | |
| Q1 2014 | -5.9% | — | — | |
| Q4 2013 | +4.7% | — | — | |
| Q3 2013 | -12.6% | — | — | |
| Q2 2013 | +4.7% | — | — | |
| Q1 2013 | -5.1% | — | — | |
| Q4 2012 | -5.2% | — | — | |
| Q3 2012 | -0.6% | — | — | |
| Q2 2012 | -3.1% | — | — | |
| Q1 2012 | -0.2% | — | — | |
| Q4 2011 | -0.9% | — | — | |
| Q3 2011 | -7.7% | — | — | |
| Q2 2011 | +1.9% | — | — | |
| Q1 2011 | -6.3% | — | — | |
| Q4 2010 | +2.6% | — | — | |
| Q3 2010 | -0.2% | — | — | |
| Q2 2010 | +1.3% | — | — | |
| Q1 2009 | +1.3% | — | — | |
| Q1 2010 | +0.4% | — | — | |
| Q4 2007 | -0.8% | — | — | |
| Q2 2009 | -0.8% | — | — | |
| Q4 2009 | -0.8% | — | — | |
| Q3 2008 | -2.5% | — | — | |
| Q3 2009 | -2.5% | — | — | |
| Q4 2008 | -2.5% | — | — |
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