Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $5,595 | $1,908 | $12,168 | $21,593 | $25,021 |
| Gross Profit | -$8,865 | -$2,747 | $411 | $7,276 | $9,383 |
| Operating Income | -$8,865 | -$7,089 | -$4,379 | $1,956 | $3,574 |
| Net Income | -$10,236 | -$9,501 | -$6,093 | -$74 | $1,916 |
Carnival Corporation’s five-year financial performance reflects a dramatic recovery from the steep downturn experienced during the height of the COVID-19 pandemic in 2020 and 2021. In 2020, the company recorded revenues of 5,595 million USD amid significant pandemic-related disruptions, which coincided with negative gross profit, operating income, and net income. The situation worsened in 2021, with revenues dropping further to 1,908 million USD and net income deepening to a loss of 9,501 million USD, indicating continued challenges in demand and operations. These early years are marked by declines exceeding 20%, underscoring the severe impact on the cruise industry during this global crisis. The turnaround began in 2022, when revenues rebounded to 12,168 million USD and gross profit shifted to a positive figure of 411 million USD, even though operating income and net income remained negative at -4,379 and -6,093 million USD, respectively. A notable improvement occurred in 2023 as revenues surged to 21,593 million USD, with robust growth in gross profit (7,276 million USD) and a positive operating income of 1,956 million USD, nearly achieving breakeven net income (-74 million USD). By 2024, Carnival Corporation not only sustained this upward momentum—with revenues of 25,021 million USD and gross profit of 9,383 million USD—but also reported positive operating income (3,574 million USD) and net income of 1,916 million USD. Overall, the data-driven recovery trajectory suggests that Carnival Corporation is emerging from its recent setbacks, moving towards improved profitability and operational sustainability while still navigating an industry recovering from unprecedented global challenges.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.