![]() ![]() Crowds are steadily increasing!ĭisney is looking to the future when it comes to maximizing their profits, which means looking at both increasing revenue while decreasing expenses. While attendance is up thanks to domestic visitors, Disney does not expect to recover its loss of international visitors until the end of fiscal year 2022. It was announced today that attendance is up at both Disney World and Disneyland, with attendance increasing by double digits in the Florida park. Speaking of Genie+, Bob Chapek shared today that around one third of all guests visiting Disney World are upgrading to the new paid version of what used to be FastPass+, and that the overall response to the service is “very positive.” Click here to read more about how many guests are upgrading to Genie+!Īlso positive for Disney is the trend in park attendance in the domestic parks. EPCOTĬEO Bob Chapek noted that the Company had experienced a “productive year” when it comes to making “great strides in reopening our businesses while taking meaningful and innovative steps in Direct-to-Consumer and at our Parks, particularly with our popular new Disney Genie and Magic Key offerings.” ©Disney Magic Kingdom Parkĭisney Parks, Experiences and Products reported revenue of $5.450 billion from this quarter, nearly doubling the revenue from the end of Q4 in fiscal 2020, which was $2.733 billion. The theme parks were hit hard by the closure last year and the third quarter was the first time that the parks posted a profit since the pandemic began. We also got some news specifically about the Parks, Experiences, and Products division. Mickey Mouse Disney Parks, Experiences, and Products Revenue in Q4 was $18.534 billion, while their diluted earnings per share was $0.37, compared to a loss of $0.20 per share last year. They’re still recovering from the effects of the pandemic, and there is still a ways to go. Looking at Q4 financials from 2021, Disney is doing better than Q4 from 2020. Today, we’re sharing all the important things you need to know! These reports and earnings calls are always filled with plenty of news to unpack and break down. ![]() ![]() Walt Disney Company Doubles Park Revenue While Streaming Growth Slowsĭisney just released their fourth quarter earnings, and that means it’s also time for another earnings call! ©Disney - Close Your Eyes and Blink Yourself to WDW. ![]()
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