Carnival Corporation reported a strong second quarter for fiscal year 2025, surpassing market expectations across key financial metrics. The company posted revenue of $6.33 billion, exceeding estimates of $6.2 billion and marking a 9.46% year-over-year increase. Adjusted earnings per share reached $0.35, beating the consensus estimate of $0.24 and representing a 218% rise compared to the previous year. Adjusted net income more than tripled year-over-year to $470 million, while adjusted EBITDA stood at $1.51 billion, surpassing the estimated $1.36 billion. Carnival's CEO highlighted resilient demand for cruises, record net yields, and strong close-in bookings as drivers of the quarter's outperformance. Customer deposits hit an all-time high of $8.5 billion, and booking visibility extended to the longest on record. The company raised its full-year adjusted EBITDA guidance to approximately $6.98 billion, up from $6.78 billion, and increased its adjusted EPS forecast to about $1.97, above previous guidance and analyst consensus. Carnival's shares rose more than 10% following the earnings release and outlook revision, reflecting investor confidence amid sustained consumer demand and robust onboard spending despite economic and geopolitical uncertainties. The company also noted that while April experienced some volatility, business momentum has since improved, though it sees less upside potential to its outlook than before.