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
After their first-ever drop in subscribers during quarter one of 2023, Disney+ lost another 4 million subscribers in quarter two. Disney did, however, cut their streaming losses by $400 million. They increased their average revenue per user by 20%. So the quarter is generally a financial success for Disney streaming. Like the last drop in … 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