The Walt Disney Company has announced the date for their Q2 2023 earnings call. Disney Earnings Call The call will take place on Wednesday, May 10, at 4:30 p.m. ET / 1:30 p.m. PT via a live audio webcast. The Q2 earnings report will be released after the close of regular trading that day (4:00 … Read more
According to a recent report by Deadline, the Walt Disney Company is set to begin a series of company-wide layoffs next week ahead of their April 3 virtual shareholders meeting. Just last week, executives at The Walt Disney Company were asked by CEO Bob Iger to identify thousands of potential layoff candidates in an effort … Read more
Today, The Walt Disney Company reported a revenue of $23.51 billion in the first fiscal quarter of 2023, which is up 8% from previously. Revenue was expected to be about $23.33 billion, 7% higher from the prior year’s quarter, so Disney just barely surpassed expectations. The adjusted earnings per share was 99 cents. The Walt … Read more
Yesterday, The Walt Disney Company reported on their Q4 earnings [$DIS], and although they “reported record sales and its best revenue growth in more than 25 years,” that wasn’t enough to keep Wall Street and investors happy. The stock has slid more than 11% on today’s opening bell. To date, Disney stock is down 35.5% … Read more
For the second time this year, stock for The Walt Disney Company ($DIS) has closed at under $100 per share. The stock price dropped to $100 in late May. In June, it dropped to $95.51. As of 4:38 p.m. today, November 8, the stock price was $99.90. This price is near the 52-week low of $90.23. … Read more
The Walt Disney Company has announced that the earnings call to discuss the 2022 third quarter results will be held on August 10. The webcast will stream from the company website at 4:30 p.m. ET. Stay tuned to WDWNT for the Q3 results and any news from that day. This will include revenue results from … Read more
We bring you a lot of stories every single day. Sometimes it’s hard to keep up. So in case you missed anything from our feed, we have rounded up all our stories in one place to get the news at a glance. Here is your Daily Recap for Wednesday, May 11, 2022. Walt Disney World Magic … Read more
The Walt Disney Company announced during today’s earnings report that their revenue in the second quarter of 2022 was approximately $19.2 billion. The company’s total revenue in the first quarter was $21.82 billion, which exceeded expectations. The Parks, Products and Experiences division produced $6.7 billion of that revenue, while the still-unprofitable Disney+ exceeded analysts’ expectations … Read more
Disney+ net 7.9 million new subscribers in Q2 2022, exceeding analysts’ predictions. After a slow Q4 in 2021 and a poor showing from direct competitor Netflix in Q1 2022, nerves were soothed a little by the 11.8 million new subscribers last quarter (61% more than analysts predicted). As we learned from the Q2 earnings report … Read more
We bring you a lot of stories every single day. Sometimes it’s hard to keep up. So in case you missed anything from our feed, we have rounded up all our stories in one place to get the news at a glance. Here is your Daily Recap for Wednesday, February 9, 2022. Walt Disney World Magic … Read more
Contrary to how Disney stock dropped last month after Netflix announced mediocre subscriber growth in their Q1 report, $DIS has skyrocketed in the after-hours as their report went live. With profits exceeding expectations and Disney+ adding 11.8 million subscribers last quarter, investors were clearly happy with the results. Stock has risen by over 11% since … Read more
During today’s 2022 Q1 earnings call, Disney noted that the capacity of both Walt Disney World and Disneyland is still limited, but rather than due to COVID-19 safety measure constraints, it is now due to staff shortages. Specifically, it was noted that Food & Beverage departments are suffering shortages, particularly for short-order cooks. Reduced entertainment … Read more
Disney CFO Christine McCarthy commented during the 2022 Q1 earnings call that the domestic parks have seen a “more favorable guest and ticket mix” after announcing that per capita spending rose to 40% versus Q1 2019, which was pre-pandemic. Disney credited much of the increase to Genie+ and Lightning Lane, but the “ticket mix” comment … Read more
The first quarter of 2022, technically running from early October 2021 to early January 2022, was the second-best of all time for Disney Parks. As we reported, Disney Parks made $7.2 billion this quarter, more than doubling from last year’s first quarter.
In the first quarter of 2022, Disney+ gained 11.8 million subscribers amid fears that the streaming bubble had popped. After Netflix reported low growth, Disney stock dropped as investors feared the same news from Disney+. However, Disney+ saw subscribers beyond expectations. The service now boasts 129 million subscriptions, with 196.4 million across all platforms. Analysts … Read more
We bring you a lot of stories every single day. Sometimes it’s hard to keep up. So in case you missed anything from our feed, we have rounded up all our stories in one place to get the news at a glance. Here is your Daily Recap for Wednesday, November 10, 2021. Walt Disney World … Read more