food IS a theme park
As the Walt Disney Company reported its 4th quarter earnings last week, Disney’s stock price plunged to a 2-year low.
Bob Chapek
Days later, Disney announced a hiring freeze and “some small staff reductions” to slash costs. One of the biggest issues for Disney investors is Disney’s streaming video business and its mounting losses.
The last few years have been unusual for The Walt Disney Company, as they have been for many companies worldwide. As Disney continues to work on recovery from the COVID-19 pandemic closures, it has also been navigating the growth of Disney+ and other streaming platforms along with the launch of a new cruise ship and many changes to the Disney parks.
Cinderella Castle
In the last couple of years, we’ve seen changes like the new Park Pass Reservation system, the start of Disney World’s 50th anniversary, the transition to Genie+ (from FastPass+), and many price increases in the Disney parks. So what is Disney hoping to do in 2023? Their recent earnings call provides some answers. [Read more…]
The Walt Disney Company just held its latest earnings call, and we already learned quite a bit about how the company is doing overall.
50th Anniversary Cinderella Castle
CEO Bob Chapek shared that revenue has grown over the past year, with parks revenue raking in $7.4 billion during Q4. And, this was all done despite some pretty significant losses from Hurricane Ian — which devastated much of Florida and impacted Walt Disney World operations. Disney shared just how much of an impact Hurricane Ian had, and we’re sharing the details below.
Disney recently hosted its 3rd-quarter earnings call, in which it announced the current number of Disney+ subscribers, the pricing and release date for an ad-supported Disney+ tier, and the increase in revenue from the Disney parks. We also learned more about the current demand for Disney parks.
Crowds in Magic Kingdom
With the pandemic closures, Disney has seen some pent-up demand for its theme parks. People weren’t able to travel for a while, which meant that there was more demand once the parks finally did reopen. However, now the parks have been open for a long time, and we’ve still been seeing pretty big crowds in Disney World. Is this trend going to continue, or will we see demand level out? Disney CEO Bob Chapek and CFO Christine McCarthy commented on these questions. [Read more…]
Inflation — it’s something you’ve undoubtedly heard a LOT about in the news over the past several months. In fact, it might be something that you’ve felt like you couldn’t escape. Well it turns out Disney can’t escape it either.
Spaceship Earth
We’ve already shared a thorough analysis of inflation, what it is, why it’s increasing, what current numbers look like, and how it could impact your Disney trip. But now we’ve got an update and some statements from Disney executives on just how the Company is feeling the effects of inflation.
The big crowds we’ve been seeing in Disney World recently might indicate that The Walt Disney Company has been doing “okay” financially from a parks perspective, but dropping stock numbers could show a different picture. Now we’ve got a much better idea of where things stand as Disney has released their quarterly earnings report for the second quarter of fiscal year 2022.
Disney World
The Earnings Report for the Second Quarter of Fiscal Year 2022 covers some early months in 2022, ending on April 2nd, 2022. These early months had some pretty major events for Disney. We saw restaurants reopen in the parks, the release of a popular Marvel show on Disney+, a couple of big announcements about ongoing projects, and more. So how are the parks, Disney+, and other aspects of the company REALLY doing? Let’s see the numbers. [Read more…]
A big part of the magic of Disney Parks is being able to meet your favorite Disney characters face-to-face, but things have looked different for some time now.
Princess Fairytale Hall
Over the past few years, Disney Parks have undergone a number of changes due to the global pandemic, with one notable change involving characters in the parks. As of right now, character interactions are modified, and if you haven’t visited a Disney Park in several years, you might be disappointed by the limitations. But if you’re hoping for things to change, we just learned some BIG news about Disney Parks character meet-and-greets — and how they could look different soon.
It’s time for some Disney news, people! The company often shares important updates and news during its quarterly earnings calls as well as during events like Investor Days, so we monitor all of these happenings in order to keep you informed.
Disney Investor Day ©Disney
Today, The Walt Disney Company took part in a Q&A session at the Morgan Stanley Technology, Media and Telecom Conference, and there were some interesting comments made about capacity at the Disney Parks.
You can learn a lot by listening to the people in charge! That probably sounds like pretty obvious advice, but when we’re talking about Disney World, news comes from all sorts of places. Although we like to consider ourselves Disney experts, we still have TONS of burning questions about the future of The Walt Disney Company. What’s coming soon? Will TRON ever be complete? What’s the deal with EPCOT right now? We NEED to know!
There’s always something new happening in Disney World!
If you’re like us, you might want to hear about an upcoming Disney Q&A. You never know what might be revealed!
Is 2022 going to be a BIG year for Disney? It seems like the answer to that is “yes.”
Spaceship Earth
We already know about some of the important things taking place this year including D23 Expo, the opening of the Star Wars Hotel, the opening of the Guardians of the Galaxy Coaster, and more. But things are also looking interesting from a financial perspective. The Walt Disney Company recently released its latest earnings report, giving us an inside peek at the Company’s financial situation. Just how are the parks, Disney+, and more doing? Here’s what we’re seeing!
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