CARNIVAL CORPORATION & PLC ACHIEVES RECORD FIRST QUARTER OPERATING RESULTS AND RECORD BOOKINGS

About this update from Carnival Plc

[{"type":"text","content":"Introduces PROPEL, ambitious targets designed to reflect continued earnings growth momentum through 2029","length":104,"tagName":"p","attribs":{}},{"type":"text","content":"Announces initial $2.5 billion share buyback program","length":52,"tagName":"p","attribs":{}},{"type":"text","content":"MIAMI, March 27, 2026 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced financial results for the first quarter 2026 and provided an updated outlook.","length":183,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Diluted EPS of $0.19 and adjusted EPS1 of $0.20, up 50 percent compared to the prior year.","length":95,"tagName":"p"}]},{"val":[{"type":"text","content":"Record revenues2 of $6.2 billion, gross margin yields up nearly 10 percent and record net yields1,2 (in constant currency), outperforming guidance on strong close-in demand.","length":178,"tagName":"p"}]},{"val":[{"type":"text","content":"Bookings for 2026 up double digits, further strengthening the company's record booked position at historically high prices (in constant currency).","length":150,"tagName":"p"}]},{"val":[{"type":"text","content":"Expects operational improvement of nearly $150 million in full year 2026 adjusted net income1 compared to December guidance, partially mitigating the impact from recent changes in fuel prices.","length":192,"tagName":"p"}]},{"val":[{"type":"text","content":"Announces PROPEL, a new set of long-term targets designed to reflect continued earnings growth momentum, outsized shareholder distributions and even higher returns to be achieved by 2029.","length":187,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":802,"olType":false},{"type":"text","content":""We delivered a strong start to the year, with record first-quarter operating results that exceeded our guidance, driven by healthy fundamentals and solid execution across the business. This performance supported an increase to our full year operational outlook of nearly $150 million, helping to mitigate the impact of higher fuel prices," said Carnival Corporation & plc's Chief Executive Officer Josh Weinstein.","length":437,"tagName":"p"},{"type":"text","content":""We remain on track to deliver solid yield growth, continued cost discipline and $7 billion in adjusted EBITDA1 this yea...

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