Beth Roberts
Investor Relations
Replay available
Carnival Corporation Ltd. Common Shares (NYSE: CCL) Q3 2025 earnings conference call, held 2025-09-29. Replay captured from the company's public earnings webcast.

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WEBVTT 00:00:00.031 -- 00:00:05.436 Greetings, and welcome to the Carnival Corporation and PLC Q3 2025 Earnings Results 00:00:05.436 -- 00:00:10.440 Conference Call-in Webcast. At this time, all participants are in listen-only mode. 00:00:10.440 -- 00:00:13.963 A question-and-answer session will follow the formal presentation. 00:00:13.963 -- 00:00:17.646 You may be placed into question queue at any time by pressing star 1 on your telephone 00:00:17.646 -- 00:00:21.630 keypad, and we ask that you please ask one question and one follow-up to return to the 00:00:21.630 -- 00:00:24.813 queue. As a reminder, this conference is being recorded. 00:00:24.813 -- 00:00:28.095 It's now my pleasure to turn the call over to Beth Roberts. 00:00:28.095 -- 00:00:29.276 Please go ahead, Beth. 00:00:29.276 -- 00:00:35.090 Thank you. Good morning and welcome to our third quarter 2025 earnings conference call. 00:00:35.090 -- 00:00:40.516 I'm joined today by our CEO, Josh Weinstein, our CFO, David Bernstein, 00:00:40.516 -- 00:00:45.422 and our chair, Mickey Arison. Before we begin, please note that some of our remarks on 00:00:45.422 -- 00:00:49.786 this call will be forward-looking. Therefore, I will refer you to today's press release 00:00:49.786 -- 00:00:54.552 and our filings with the SEC for additional information on factors and risks that could 00:00:54.552 -- 00:00:58.013 cause actual results to differ from our expectations. 00:00:58.013 -- 00:01:02.919 We will be referencing certain non-GAAP financial measures, including yields, cruise 00:01:02.919 -- 00:01:08.486 costs without fuel, EBITDA, net income, ROIC, and related statistics for all, 00:01:08.486 -- 00:01:13.733 which are on a net basis or adjusted as defined, unless otherwise stated. 00:01:13.733 -- 00:01:17.838 A reco...