Walt Disney Company 4th Quarter Earnings
This afternoon after the stock market closed the Walt Disney Company released their 4th Quarter and Fiscal Year earnings report and held a conference call to discuss them.
- Losses less than expected – 20 cents vs 71 cents a share
- Revenue more than expected – $14.71 billion vs $14.20 billion
- Disney Parks, Experience and Products revenue was down 61% year over year
- Disney will forgo next semi-annual cash dividend in January
- Disney+ has over 73 million subscribers
- Walt Disney World Theme Park Capacity Recently increased from 25% to 35%
- Walt Disney World bookings at 77% for the rest of the current quarter and Thanksgiving near capacity
- Disney Cruise Line – Working toward cruising again with a “Disney Bubble”
- Anticipating the Disney Wish Cruise Ship delivered in Summer 2022 then the other two ships in 2024 and 2025, about a 6 month delay for each
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