According to The Walt Disney Company, lower demand for their domestic theme parks is due to lower-income consumers feeling financial stress and higher-income consumers traveling internationally. Senior Executive Vice President and CFO Hugh Johnston said the demand reduction could mean “a bit of a slowdown” for the parks. But he believes their entertainment business would … Read more
In their Q3 FY24 earnings report, The Walt Disney Company credits the strong performance of Pixar’s “Inside Out 2” for their increase in entertainment income. ‘Inside Out 2’ Equals Success for Disney Disney’s entertainment revenue saw only a 4% increase from the prior year’s quarter — from $10,127 million to $10,580 million. But their income increased … Read more
In their earnings report for the third quarter of fiscal year 2024, The Walt Disney Company reported revenue of $23.2 billion. Revenue for Q3 FY23 was $22.3 billion. Income also saw an increase from a loss of $0.1 billion last year to a profit of $3.1 billion this quarter. The diluted earnings per share (EPS) … Read more