food IS a theme park
It’s been a whirlwind year for changes at The Walt Disney Company.
©Disney
Bob Iger is back as CEO, park passes got an update, Genie+ changes are on the way, and a few executive shakeups have hit the House of Mouse. And now, with Disney+ being a “number one priority” for Iger, we have an update on just how that division of the Company is doing.
Get READY — some big Disney announcements could come out soon!
©Disney
We’ve already got Destination D23 to look forward to in September and the IAAPA Expo in November which could bring some theme park updates. But there’s an important date to know before then — August 9th. On August 9th, Disney will hold its earnings call for the third quarter of fiscal year 2023 (Q3 of FY 2023) and that could give us some MAJOR updates on a few different things. Here’s what we’re expecting.
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?
There have been some big announcements during the Walt Disney Company’s Q3 earnings call.
Bob Chapek
So far, we’ve learned that Disney Parks revenue has increased by $4.3 billion, Disney+ subscribers have risen, and the new ad-supported Disney+ subscription tier is launching this December. Details about Disney Genie+ have also been shared, and we have an update that may surprise you!
Another week has gone by and more, BIG Disney news has been shared!
Time for Boo Bash!
This week some 50th Anniversary merchandise became available for guests to purchase, Disney’s new Halloween After Hours event took place for the first time in Magic Kingdom, and Disney shared some big financial updates. Ready to dive into all the Disney news and updates you need to know? Let’s go!
Today the Disney Company held an earnings call, during which they shared information about the third quarter financials for the 2021 fiscal year.
©Disney
During the call, various Disney representatives and officials commented on capacity and attendance levels in the parks, announced a new Disney+ day, and talked about the Genie planning app. Disney CEO Bob Chapek also made some comments about the future of Disney with the COVID-19 Delta variant and the potential impact it could have on the company. And now we’re breaking down what you need to know about his comments.
Hoping to hear some more information about the new replacement to My Magic+, Disney Genie? Your wish is our command!
Disney Genie ©Disney
During Disney’s Q3 Earnings Call, we learned some new information about the parks, resorts, and Disney+ streaming service! But one thing that caught our attention was the little update on Disney Genie!
A lot of things have changed over the past year and even just within the past few weeks and months for the Walt Disney Company. We’ve been keeping track of how some of those changes have impacted Disney’s financial standing by listening to Disney’s shareholder meetings and earnings calls.
©Disney
Today is a big day for investors, as Disney is holding its Quarterly Earnings Call, covering Disney’s third quarter financials for fiscal year 2021. Ahead of that call, Disney has released its Q3 financial report. Now, we’re breaking down everything you need to know about how the Disney Company is doing financially at the moment.
Disney has been pretty tight-lipped when it comes to how they’ve been dealing with their financial stability during these uncertain times.
Magic Kingdom
Due to the ongoing global health crisis causing disruption to almost every segment of the Walt Disney Company, their unique situation could be seen by the casual observer as precarious at best.
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