• Carnival average ebitda margin for 2024 was 23.71%, a 153.04% increase from 2023.
• Carnival average ebitda margin for 2023 was 9.37%, a 114.78% increase from 2022.
• Carnival average ebitda margin for 2022 was -63.39%, a 95.06% decline from 2021.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.