Beth Roberts
Senior Vice President, Investor Relations
Replay available
Carnival Corporation Ltd. Common Shares (NYSE: CCL) Q2 2025 earnings conference call, held 2025-06-24. Replay captured from the company's public earnings webcast.

Senior Vice President, Investor Relations
Chief Executive Officer
Chief Financial Officer
Analyst, J.P. Morgan
Analyst, Mizuho Securities
Analyst, Stifel
Analyst, UBS
Analyst, Barclays
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WEBVTT 00:00:00.031 -- 00:00:05.980 Greetings. Welcome to the Carnival Corporation PLC's second quarter 2025 earnings call. 00:00:05.980 -- 00:00:09.124 At this time, all participants are in listen-only mode. 00:00:09.124 -- 00:00:12.970 A brief question and answer session will follow the formal presentation. 00:00:12.970 -- 00:00:16.535 If anyone should require operator assistance during the conference, please press star 00:00:16.535 -- 00:00:22.023 zero from your telephone keypad. As a reminder, this conference is being recorded. 00:00:22.023 -- 00:00:26.750 It is now my pleasure to introduce your host, Beth Roberts, Senior Vice President, Investor 00:00:26.750 -- 00:00:30.305 Relations. Thank you, Beth. You may now begin. 00:00:30.305 -- 00:00:35.853 Thank you. Good morning and welcome to our second quarter 2025 earnings conference call. 00:00:35.853 -- 00:00:41.480 I'm joined today by our CEO, Josh Weinstein, our CFO, David Bernstein, 00:00:41.480 -- 00:00:46.467 and our chair, Mickey Arison. Before we begin, please note that some of our remarks on 00:00:46.467 -- 00:00:50.693 this call will be forward-looking. Therefore, I will refer you to the forward-looking 00:00:50.693 -- 00:00:55.420 statement in today's press release. All references to ticket prices, yields, and cruise 00:00:55.420 -- 00:00:59.802 costs without fuel will be in constant currency unless otherwise stated. 00:00:59.802 -- 00:01:02.645 References to yields will be on a net basis. 00:01:02.645 -- 00:01:07.910 References to cruise costs without fuel, EBITDA, net income, ROIC, and related 00:01:07.910 -- 00:01:12.795 statistics for all will be on an adjusted basis unless otherwise stated. 00:01:12.795 -- 00:01:17.419 All these references are non-GAAP financial measures defined in our earnings pres...