Carnival (NYSE:CCL) shares climbed more than 7% intra-day today after the cruise line delivered second-quarter results that outpaced expectations and raised its full-year guidance, signaling continued post-pandemic strength in the travel sector.

The company posted earnings per share of $0.35 for the quarter, beating analyst estimates by $0.24. Revenue reached $6.33 billion, surpassing consensus expectations of $6.21 billion and rising by nearly $550 million year-over-year.

Looking ahead, Carnival anticipates a 3.5% year-over-year increase in constant-currency net yields for Q3 2025, building on a strong 9% gain during the same period in 2024. For the full year, net yields are now expected to rise about 5% over 2024’s already impressive 11% growth—30 basis points higher than the company’s prior forecast from March.

The better-than-expected results and upward revisions to guidance reflect robust demand and improved pricing power, reinforcing investor confidence in Carnival’s recovery trajectory.