Disney CFO Christine McCarthy commented during the 2022 Q1 earnings call that the domestic parks have seen a “more favorable guest and ticket mix” after announcing that per capita spending rose to 40% versus Q1 2019, which was pre-pandemic. Disney credited much of the increase to Genie+ and Lightning Lane, but the “ticket mix” comment … Read more
The first quarter of 2022, technically running from early October 2021 to early January 2022, was the second-best of all time for Disney Parks. As we reported, Disney Parks made $7.2 billion this quarter, more than doubling from last year’s first quarter.
In the first quarter of 2022, Disney+ gained 11.8 million subscribers amid fears that the streaming bubble had popped. After Netflix reported low growth, Disney stock dropped as investors feared the same news from Disney+. However, Disney+ saw subscribers beyond expectations. The service now boasts 129 million subscriptions, with 196.4 million across all platforms. Analysts … 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 Wednesday, November 10, 2021. Walt Disney World … 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, August 12, 2021. Walt Disney World … Read more
On this afternoon’s Q3 2021 earnings call, Disney CEO Bob Chapek announced that November 12 will be Disney+ day. Details aren’t available yet, but Chapek said it will be a “company-wide cross-promotional campaign.” New titles will be announced as a focal point for consumers who have not yet switched over to Disney+. The day will … Read more
The Walt Disney Company released its Q3 2021 earnings today, and CEO Bob Chapek spoke about the parks in detail. While the international parks posted a loss, the U.S. parks saw the first profitable quarter since the pandemic began in 2020. Walt Disney World has been at or near capacity consistently. Chief Financial Officer Christine … Read more
The third quarter of the fiscal year has closed, and Disney has released their Q3 2021 results. In the earnings call this afternoon, the company announced a $17.02 billion revenue, higher than the expected revenue of $16.76 billion. Disney Parks, Experiences, and Products reported revenue of $4.3 billion, an increase of 100% versus Q3 2020 … 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 much-anticipated Q3 FY20 earnings report for The Walt Disney Company was remarkable, as the public was finally able to see the financial hit Disney has taken due to COVID-19 and the subsequent entertainment industry shutdown. We had some insight on how bad this quarter could be for Disney when Universal reported a 94% loss … Read more
During today’s Walt Disney Company Q2 earnings call, it was revealed that there will be a $900M decrease in CAPEX spending anticipated for FY20, mostly due to postponed construction and refurbishment projects during the closure of the Disney Parks around the world. This is obviously related to the ongoing construction delays and how much longer … Read more
The Walt Disney Company has released its Q2 earnings for 2020. With Disney (NYSE: DIS) stock down nearly 30% from all-time highs at the start of the year, it has been one of the most impacted companies throughout the COVID-19 pandemic. The Walt Disney Company announced its earnings for the second quarter of the fiscal … Read more