food IS a theme park
Are you ever curious about how much money Disney as a company is making?
Walt Disney Company Logo ©Disney
It costs a lot of money to run a company that owns multiple streaming platforms, theme parks all over the world, and movie and television studios, among many other things. But, Disney does make a profit, which they share during an earnings call 4 times each year. And now, we know when the next call will be taking place!
Disney World is EXPENSIVE and apparently, guests are spending more than they ever have before.
Magic Kingdom
According to the 2022 Second Quarter Earnings Report from the Walt Disney Company, Disney World and Disneyland visitors are spending 40% more today than they did ahead of the pandemic in 2019. But WHY are Disney guests spending so much more?
Had a busy week? Maybe between all of that homework/work, cleaning, and laundry, you just haven’t been able to catch up on the latest news from Disney? Or maybe you’re just in need of a 5 minute Disney break from the day? Well you’re in the right spot!
EPCOT
From an important update about Mickey’s Not-So-Scary Halloween Party to big financial updates from Disney’s latest earnings report, we’ve got all the Disney news you need to know right here. So what are you waiting for? Let’s begin!
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 Park Pass theme park reservation system has been in place in Disney World and Disneyland since the parks reopened following the COVID-19 closures.
Easter Crowds
The system helps Disney control capacity in the parks and know how many guests will be there each day. We’ve seen Disney executives comment on the park pass system in the past, how it’s being used, and how it could be here to stay, but today we got even more updates on the system and how long it could be sticking around.
The Galactic Starcruiser, AKA the Star Wars Hotel, opened up officially back in March of this year, and we got to check it ALL out!
Atrium of the ship
We trained with lightsabers, ate ALL of the food (literally all of it), and saw some fun entertainment on board like fireworks. Trips on the ship have been pretty booked up since it opened, and Disney says they don’t expect that to change any time soon.
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…]
Disney holds earnings calls multiple times a year to show investors and the public how the company is doing financially, and to explain or announce upcoming projects.
Bob Chapek in Disney World on its 50th Anniversary
Now, we have a date for the second earnings call of the year.
Time for a break from school, work, the kids, your parents, or just life? Perfect — we’ve got your little Disney escape right here! ❤️
Planning that next Disney World trip?
From news about all-time record revenues at the Disney parks to the arrival of a brand new cavalcade — we’ve got ALL of the Disney news you need to know right here! So pull up a chair or pop up that recliner, sit back, and join us for a recap of this week’s BIGGEST Disney news!
It’s not really a secret that Disney makes a LOT of money. But exactly how much money they’ve made recently was revealed recently in the Q1 Earnings Call.
©Disney
During that report, we learned about the state of the company’s financial situation, some of their plans for future Disney+ projects, and how the Disney streaming services are doing. Disney also addressed one problem that’s been a popular concern lately: the staffing shortages in the theme parks. [Read more…]
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