Carnival Corporation & plc (CCL) Q4 2025 Earnings Call Transcript
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SA Transcripts157.42K FollowersFollow5ShareSaveCommentsQ4: 2025-12-19 Earnings SummaryPlay CallPlay CallSlidesEPS of $0.34 beats by $0.09 | Revenue of $6.33B (6.60% Y/Y) misses by $43.17M Carnival Corporation & plc (CCL) Q4 2025 Earnings Call December 19, 2025 10:00 AM EST Company Participants Beth Roberts - Senior Vice President of Investor RelationsJosh Weinstein - CEO & DirectorDavid Bernstein - CFO & Chief Accounting Officer Conference Call Participants Robin Farley - UBS Investment Bank, Research DivisionBrandt Montour - Barclays Bank PLC, Research DivisionMatthew Boss - JPMorgan Chase & Co, Research DivisionSteven Wieczynski - Stifel, Nicolaus & Company, Incorporated, Research DivisionBenjamin Chaiken - Mizuho Securities USA LLC, Research DivisionJames Hardiman - Citigroup Inc., Research DivisionElizabeth Dove - Goldman Sachs Group, Inc., Research DivisionDavid Katz - Jefferies LLC, Research DivisionJaime Katz - Morningstar Inc., Research DivisionConor Cunningham - Melius Research LLCSharon Zackfia - William Blair & Company L.L.C., Research Division Presentation Operator Greetings, and welcome to the Carnival Corporation & plc Fourth Quarter 2025 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Beth Roberts, Senior Vice President, Investor Relations. Thank you, Beth. You may begin. Beth RobertsSenior Vice President of Investor Relations Thank you. Good morning, and welcome to our Fourth Quarter 2025 Earnings Conference Call. I'm joined today by our CEO, Josh Weinstein; our CFO, David Bernstein; and our Chair, Micky Arison. Before we begin, please note that some of our remarks on this call will be forward-looking. Therefore, I will refer you to today's press release and our filings with the SEC for additional information on factors and risks that could cause actual results to differ from our expectations. We will be referencing certain non-GAAP financial measures, including yields, cruise costs without fuel, EBITDA, net income, ROIC and related statistics for all, which are on a net basis or adjusted as defined, unless otherwise stated. A reconciliation to U.S. GAAP is included