Comcast released its Q3 2023 earnings report on Thursday morning, reporting a successful quarter for Universal theme parks, with an EBITDA increase of 20 percent. Record-Breaking Earnings for Universal Theme Parks in Q3 2023 Theme park earnings before interest, taxes, depreciation, and amortization were $983 million. Revenue was $2,418 million. The 20 percent increase in … Read more
The Walt Disney Company reported in a filing with the U.S. Securities and Exchange Commission (SEC) that Florida is a potential threat to their business. Florida Threatening Disney Business After releasing their quarter two earnings report on Wednesday, The Walt Disney Company stated in their filing with the SEC that the recent actions by Florida … Read more
Disney CFO Christine McCarthy elaborated on the prior quarter’s financial and attendance success in Shanghai at the 2023 Q2 results conference call. Shanghai Disney Re-Discovers Success The topic was discussed by the CFO and CEO (Iger) alongside other developments of the second quarter, including the ongoing federal lawsuit between Disney and Florida Governor Ron DeSantis, … Read more
Disney is expecting the domestic Disney Parks (Disneyland Resort and Walt Disney World Resort) to have a lower Q3 2023 revenue than in Q3 2022. The reasons Disney gave for the revenue being lower were due to the new Cast Member contract and the end of the 50th Anniversary celebration at Walt Disney World. The … Read more
Disney Parks, Experiences and Products reports $7.78 billion in revenue during the second quarter of 2023, which ran from early January to late March. During this time, the Disney 100 Years of Wonder celebration kicked off at Disneyland Resort and began at Walt Disney World Resort. With the celebration came the debut of “Wondrous Journeys” … Read more
The Walt Disney Company announced during Wednesday’s earnings call that they made approximately $21.8 billion in revenue during the second quarter of 2023. Their adjusted earnings per share (EPS) was $0.93, a decrease from $1.08 in last year’s quarter. Disney’s second fiscal quarter ran from January 1 to April 1, 2023. “We’re pleased with our … Read more
The Walt Disney Company has announced the date for their Q2 2023 earnings call. Disney Earnings Call The call will take place on Wednesday, May 10, at 4:30 p.m. ET / 1:30 p.m. PT via a live audio webcast. The Q2 earnings report will be released after the close of regular trading that day (4:00 … Read more
In today’s earnings report, Disney reported an increase in capital expenditures from $1 billion to $1.2 billion, attributed to higher spending at Disney Media and Entertainment Distribution and Disney Parks, Experiences, and Products. The increase for Disney Parks is “primarily due to cruise ship fleet expansion,” which could refer to the Disney Wish, a new … 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
Universal Parks & Resorts has revealed just how powerful the economic impact of the COVID-19 pandemic has been. According to Spectrum News 13‘s Ashley Carter, Comcast, Universal’s parent company, reported that Parks & Resorts experienced a 94% loss in revenue during the second quarter of 2020. Altogether, the theme parks earned $87 million, a massive … Read more
“We had a strong first quarter, highlighted by the launch of Disney+, which has exceeded even our greatest expectations,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “Thanks to our incredible collection of brands, outstanding content from our creative engines and state-of-the-art technology, we believe our direct-to-consumer services, including Disney+, … Read more
Disney shares are up 1.7% postmarket due to higher than expected earnings for Q1 2020, much of this growth driven by the success of Disney+. Disney Parks, Experiences, and Products also saw a very strong quarter with an 8% growth in revenue from $6.8 billion to $7.4 billion. Operating income also jumped by 9% from … Read more
The Walt Disney Company, long the darling of Wall Street, has finally hit some headwinds. Earnings per share of $1.35 missed the estimated target of $1.75, causing shares to fall 2.5% after hours. Revenue of $20.25 billion missed estimates of $21.47 billion which was part of the reason for the EPS miss. Parks & Resorts … Read more