If you want to know how The Walt Disney Company is doing as a whole, it’s a good idea to pay attention to its quarterly earnings reports. Four times a year, Disney executives speak to investors and shareholders about the company’s financial achievements and goals, and we often hear updates about what’s coming to the parks and streaming services as well.
The most recent earnings call was the 2022 Q4 call, during which we learned that Disney lost about $65 million as a result of Hurricane Ian, guest demand for the parks is still often outpacing capacity, and executives are optimistic about what 2023 will bring. We also caught a brief mention of Disney’s annual pass programs that might provide a clue as to what changes we could see for these programs in the future. [Read more…]