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 Q3 2023 earnings report released today for The Walt Disney Company has revealed Disney is selling their stake in DraftKings, just one day after announcing their plans to enter the sports betting market on their own with ‘ESPN BET.’ Disney Sells Stake in DraftKings The announcement of the sale was included in the “Other … 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
Walt Disney World and the Disneyland Resort both experienced a increase in per guest spending during the third fiscal quarter of 2022. It was revealed during The Walt Disney Company’s quarterly earnings report that per capita spending at the domestic parks increased 10% versus Q3 of 2021, while it makes a 40% increase versus the … 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