During Disney’s last quarterly earnings call, we got to hear a bit more about Disney’s focus on its direct-to-consumer businesses and updates about Disney+.
We also learned that Disney World had then increased its capacity from 25% to 35%, and that Thanksgiving week back in 2020 was almost at capacity. Soon we’ll get to listen in on another quarterly earnings report that will give us an update on how things are looking financially for the Walt Disney Company right now, and Disney has just shared when this next earnings call will take place.
The Walt Disney Company will discuss the financial results of the first quarter of its 2021 fiscal year via a live audio webcast on Thursday, February 11th starting at 4:30PM (EST).
The first quarter of Disney’s fiscal 2021 year started in early October. During the last earnings call, one Disney executive noted several things that would likely impact Disney’s financial results in the first quarter for fiscal year 2021. First, Disneyland was then expected to remain closed throughout 2020, which has indeed been the case. In fact, more activities have been restricted at Disneyland due to the stay-at-home order that is in place for Southern California.
Additionally, Disneyland Paris is also closed. Hong Kong also had to close for a third time after the last earnings call occurred. Disney also didn’t have any significant theatrical releases planned for Q1 so they were expecting a lower quarter in terms of results as compared to last year. Home entertainment, stage play, and consumer products were also all expected to be lower in terms of results or otherwise adversely impacted.
Christine McCarthy also noted that Disney executives “expect the Q1 operating results of our DTC businesses to decline by approximately $100 million relative to the prior-year quarter driven by continued investment in Disney+,” partially offset by some other matters.
This quarterly earnings call should provide us with updates as to the financial results of the first quarter of Disney’s 2021 fiscal year and potentially give us a glimpse at how the company’s finances have been impacted by these factors and others. We’ll definitely be tuning in on February 11th to see what information Disney shares, and we’ll bring all of the biggest updates to you. So, stay tuned for more Disney news!
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