Disney Parks & Resorts has reported $8.7 billion revenue during the first fiscal quarter of 2023, up 21% from the last quarter. Segment operating income also increased 25% to $3.1 billion. Higher operating results for the quarter reflected increases at the domestic parks and experiences and, to a lesser extent, the international parks and resorts. … Read more
Today, The Walt Disney Company reported a revenue of $23.51 billion in the first fiscal quarter of 2023, which is up 8% from previously. Revenue was expected to be about $23.33 billion, 7% higher from the prior year’s quarter, so Disney just barely surpassed expectations. The adjusted earnings per share was 99 cents. The Walt … Read more
Yesterday, The Walt Disney Company reported on their Q4 earnings [$DIS], and although they “reported record sales and its best revenue growth in more than 25 years,” that wasn’t enough to keep Wall Street and investors happy. The stock has slid more than 11% on today’s opening bell. To date, Disney stock is down 35.5% … Read more
Comcast has released their 2022 Q2 earnings, which include a 65% increase in revenue for Universal theme parks. The increase brought revenue to $1.8 billion. According to Comcast, this growth is due to higher attendance and increased guest spending at both U.S.A. theme parks and Universal Studios Japan. Comcast CEO Brian Roberts said during the … Read more
The Walt Disney Company has announced that the earnings call to discuss the 2022 third quarter results will be held on August 10. The webcast will stream from the company website at 4:30 p.m. ET. Stay tuned to WDWNT for the Q3 results and any news from that day. This will include revenue results from … Read more
We bring you a lot of stories every single day. Sometimes it’s hard to keep up. So in case you missed anything from our feed, we have rounded up all our stories in one place to get the news at a glance. Here is your Daily Recap for Wednesday, May 11, 2022. Walt Disney World Magic … Read more
Disneyland Paris boasted significant growth, reporting $0.9 billion in revenue during the second quarter of 2022, while Disney Parks made a total of $6.7 billion. While this is a relatively small portion of the overall revenue, Disneyland Paris did see significant growth this quarter. Its revenue in quarter one was $0.6 billion. Its income this … Read more
The Walt Disney Company announced during today’s earnings report that their revenue in the second quarter of 2022 was approximately $19.2 billion. The company’s total revenue in the first quarter was $21.82 billion, which exceeded expectations. The Parks, Products and Experiences division produced $6.7 billion of that revenue, while the still-unprofitable Disney+ exceeded analysts’ expectations … Read more
Disney+ net 7.9 million new subscribers in Q2 2022, exceeding analysts’ predictions. After a slow Q4 in 2021 and a poor showing from direct competitor Netflix in Q1 2022, nerves were soothed a little by the 11.8 million new subscribers last quarter (61% more than analysts predicted). As we learned from the Q2 earnings report … Read more
We bring you a lot of stories every single day. Sometimes it’s hard to keep up. So in case you missed anything from our feed, we have rounded up all our stories in one place to get the news at a glance. Here is your Daily Recap for Wednesday, November 10, 2021. Walt Disney World … Read more
It seems that another Marvel Studios star may also have issues with Disney leadership and streaming plans. Simu Liu, the star of the upcoming “Shang-Chi and the Legend of the Ten Rings,” took to social media after comments made by Disney CEO Bob Chapek. According to Variety, Liu is likely reacting to a comment made … Read more
We bring you a lot of stories every single day. Sometimes it’s hard to keep up. So in case you missed anything from our feed, we have rounded up all our stories in one place to get the news at a glance. Here is your Daily Recap for Thursday, November 12, 2020. Walt Disney World … Read more
During today’s Fiscal Full Year and Q4 2020 Earnings Results webcast, Disney CFO Christine McCarthy has indicated that the Disney Parks division anticipates Disneyland Resort will remain closed through end of the fiscal first quarter in 2021, or at least until January 2021. This aligns with the current California state guidelines for reopening, as Orange County must … Read more
Disney CEO Bob Chapek has confirmed that the Walt Disney World theme parks are currently operating at 35% capacity, increased from 25%. This was made possible due to innovations in attraction operations while maintaining health and safety guidelines. Examples of this include the installation of plexiglass dividers at most attractions, including Star Wars: Rise of the … Read more
During today’s Fiscal Full Year and Q4 2020 Earnings Results webcast, Disney CFO Christine McCarthy has indicated that Disney Park Pass reservations for Walt Disney World are currently 77% booked for Q1 2021, or the current holiday season through December. Thanksgiving was noted as being “close to capacity”—do note that during this webcast it was also revealed … Read more
For the first time in over forty years, Disney has reported an annual net loss. Disney reported fiscal fourth-quarter losses Thursday of $710 million, or 39 cents a share, its second consecutive quarterly loss on a GAAP basis. Disney had not previously reported a quarterly loss since April 2001, when a large charge for the shuttering … Read more