2023 Looks Strong For Carnival and the Cruise Industry
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Jim Corridore Jim Corridore
2023 Looks Strong For Carnival and the Cruise Industry

Carnival Cruise Lines reported fiscal Q4 results (for the quarter ended in November) on December 21. While they lost $0.85 a share or a total of $1.6 billion, on revenues of $3.8 billion, all of these metrics were better than Wall Street consensus estimates. Importantly, the company hit a record with a booked cash backlog of $5.1 billion. We look at Similarweb data on Carnival and peers through November 2022.