food IS a theme park
Just when you thought you knew everything about the Disney Company, the parks, Genie+, and more…things change again!
Cinderella Castle
This week was a big one for Disney news. We got the release date and pricing for the ad-supported Disney+ tier, comments from Disney CEO Bob Chapek on potential price increases in the future, and so much more. Ready to dive into the latest Disney news? Let’s go!
Feel like you’re spending MORE during each and every Disney trip? Well, you’re probably not wrong.
Bob Chapek
During the Q3 earnings call for 2022, Disney revealed that it increased revenue for the Parks, Experiences, and Products division by $4.3 BILLION compared to the same quarter in 2021. What led to the increase? A number of things, including higher guest spending. That higher guest spending in Q3 was due to higher average daily hotel room rates and Genie+ and Lightning Lanes. We’ve also seen increased prices for food and sneaky ticket price increases too. But could things in the parks be getting even MORE expensive soon?
If you own Disney stock and had been sadly watching it drop in value over the last few months, you can safely open your investing apps and look at the value of the stock now without crying. 😆
EPCOT
In June and for some time after that, Disney stock hit some new LOW values for 2022. These numbers were a far cry from the highs seen in 2021, especially the incredibly high values from March of 2021. But, ahead of Disney’s Q3 earnings call for fiscal year 2022, stock values started to go up. And now it seems like the news Disney presented during the earnings call has encouraged investors to once again believe in the power of the Mouse and the Most Magical Place on Earth.
Did you catch all the news from Disney’s Q3 2022 earnings call and latest earnings report?
©Disney
The report and call usually reveals a lot of details about Disney’s current financial standing. This quarter’s call provided new subscriber numbers for Disney+, and some important information about the theme parks. In case you missed it, we’re breaking down some of the most important news from the call!
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