food IS a theme park
Yesterday, Disney held its quarterly earnings call and shared its latest earnings report.
Disney World
The report and call revealed a lot about Disney’s current financial standing, how things are going with Disney+, what the future at the parks might look like, and more. Some important updates were shared during the call, but there are quite a few details that you might have missed. Today we’re breaking down everything you need to know from yesterday’s earnings call!
Today we got to hear a number of updates from Disney’s CEO, Bob Chapek, and Disney’s Chief Financial Officer, Christine McCarthy during the Company’s Quarterly Earnings call.
Magic Kingdom
We got updates about park attendance and spending, theme park revenues, Disney+, and much more. We also got some comments from Disney’s CFO about potential things under consideration for cutting costs in the company.
Today, Disney held its Q4 Earnings Call, providing all kinds of updates about the company’s financial status, Disney+ subscriptions, and more.
Mickey Ice Cream Sandwich
During the call, we also got to hear a bit more about how things are going in the Disney parks and where things may be headed in the future. In particular, we got a bit of insight on some measures Disney is considering when it comes to cutting costs.
Today was The Walt Disney Company’s Q4 Earnings Call, and we’ve been covering the report of their four fiscal quarter of 2021.
©Disney || Bob Chapek
In addition to announcing their Disney Park revenue doubling, as well as how many guests are using the new Genie+ service, Disney also released their plans for Disney+ content in the future.
Today is Disney World’s fourth-quarter earnings call, which means the company is reporting on their financial status.
Magic Kingdom
One of the topics that Disney covered in this quarter’s report was the release of Genie+. When Genie+ was first announced, a lot of people had a negative response to it. In fact, more than half of our readers said they would not pay for Genie+ in Disney World. The new program debuted in Disney World in mid-October — so how many people are actually using it now? [Read more…]
Disney+ Day is just a few days away, but we’ve already gotten some BIG news about Disney’s popular streaming service.
Disney+ Gift Card
We’ve gotten a look at the NEW shows and movies that will be released on that day, special perks that Disney+ subscribers can get in the parks, and more. But, today we got some more news about Disney+ — specifically about just how many MILLIONS of subscribers they have now!
Four times a year, the Walt Disney Company releases their Quarterly Earnings Report. This report is accompanied by an Earnings Call, hosted by CEO Bob Chapek and CFO Christine McCarthy.
Bob Chapek in Disney World on its 50th Anniversary
During these calls, we typically get a full report on the current financial state of the company, but we also often get sneak peeks at what’s to come in the parks as well as in movie theaters and at home on Disney+!
It’s been a big news day for Disney, and we’ve been busy reporting everything from today’s Quarterly Earnings Call.
Cinderella Castle at Magic Kingdom
During the call, Disney CEO Bob Chapek confirmed that Disney World has increased park capacity from 25% to 35% and that the company plans to spend $1 billion on health and safety measures at its parks in 2021.
Today, the Walt Disney Company is sharing LOTS of information with its shareholders on their fourth-quarter earnings call!
©CNBC
The fourth quarter, and the fiscal year, for the company ended in late September, and we’re really beginning to see the results and consequences of COVID-19 on Disney’s financial status. Disney reported over $14 billion dollars of revenue loss, and $2.4 billion of that was losses in the Parks, Experiences, and Products division. CEO Bob Chapek also shared how well Disney theme parks around the world fared. We’re taking a look at that now.
Disney World has been operating at a significantly limited capacity since the reopening of the parks.
Magic Kingdom
In October, Disney CEO Bob Chapek confirmed that the parks were operating at 25% capacity. Now, as we listen in to the Q4 Earnings Call for the Walt Disney Company, we’ve learned that capacity has been increased.
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