Hong Kong Disneyland reported its full-year revenue for 2020, which was heavily impacted by the COVID-19 pandemic. It fell 76% to HK$1.4 billion, for a net loss of HK$2.7 billion, or $348 million in U.S.A. dollars. Park attendance for Hong Kong Disneyland fell 73% to 1.7 million. The park closed and reopened three times in … Read more
We bring you a lot of stories every single day. Sometimes it’s hard to keep up. So in case you missed anything from our feed, we have rounded up all our stories in one place to get the news at a glance. Here is your Daily Recap for Thursday, April 29, 2021. Walt Disney World … Read more
Comcast has reported its first-quarter 2021 results. The company’s overall revenue was up 2.2% from Q1 2020. NBCUniversal theme parks reached breakeven for the second consecutive quarter, excluding pre-opening costs of Universal Beijing Resort. Theme park revenue decreased 33.1% to $619 million in Q1 2021, compared to $925 million in Q1 2020. This was mainly … Read more
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
Despite revenue being down over 80% in the third fiscal quarter, Universal Parks & Resorts expressed optimism that they will break even in 2021. The Orlando Business Journal‘s Richard Bilbao described the discussion taking place on the third quarter report from Universal’s parent company, Comcast. Unsurprisingly, the theme parks end of the business is still … Read more
The closure of the parks of the Disneyland Resort have been closed for seven months, could be responsible for a massive revenue loss for 2020, according to one analyst. According to The Orange County Register‘s Brady MacDonald, MoffettNathanson founding partner Michael Nathanson has claimed that the resort has lost $2.2 billion in revenue 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
While Florida’s theme parks begin to reopen following their months-long closures due to the COVID-19 pandemic, we’re now starting to see the economic impact that the closure had. WFTV reporter Deanna Allbrittin posted on Twitter that Orange County only collected $765,900 in Tourist Development Tax revenues for the month of April, a 97% decrease from … Read more
According to Formula Money, recent account filings have shown that Disneyland Paris has returned to a profit last year. With a boost in attendance and guest spending, revenue increased almost 13% to a record £1.5bn ($2bn). This is a significant turn for Disneyland Paris, as they historically have had a difficult time turning a profit … Read more