The Walt Disney Company just had its Q3 earnings call, and while the company may be in a “slowdown” in terms of theme park financial results, Disney is sure that they will be able to make up their losses in the future.
©The Walt Disney Company
During the Q3 call, both Bob Iger, the CEO of The Walt Disney Company, and Hugh Johnston, the CFO of The Walt Disney Company, addressed shareholders. They shared that the company had a 2% revenue growth in Q3, but during this, they said that they saw attendance flatten in the theme park this quarter, and they expect it to be similar in the next couple of quarters. They referred to this as a bit of a slowdown, but it is being offset by the entertainment business. While attendance might be down in the park, Disney has a plan to help bring revenue up more.
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