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
The Walt Disney Company has released the Q4 earnings report for 2020, beating expectations with $14 billion in revenue, but still experiencing loss in the Disney Parks, Experiences and Products segment, as a number of parks, such as Disneyland Resort are still shuttered. You can read the full financial results here. The Disney Parks sector … Read more
The Walt Disney Company has released the full fiscal year and Q4 earnings report for 2020, beating expectations with $14 billion in revenue. You can read the full release below. The Walt Disney Company (NYSE: DIS) today reported earnings for its fourth quarter and fiscal year ended October 3, 2020. Diluted earnings per share (EPS) … Read more