Disney Forecasts Demand Slowdown & Softness for Parks Into 2025

Aug 7, 2024 · Disney reported its third quarter fiscal 2024 earnings, with the company’s Experiences reporting $8.4 billion in revenue.This covers the good & bad of these results as …

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Disney Forecasts Demand Slowdown & Softness For Parks Into 2025

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Aug 7, 2024 · Disney reported its third quarter fiscal 2024 earnings, with the company’s Experiences reporting $8.4 billion in revenue.This covers the good & bad of these results as …

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Disney Parks Posts $8.4 Billion In Revenue, Decrease In Operating ...

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Aug 7, 2024 · The Experiences (theme parks, cruises, and consumer products) side of the business recorded $8.386 billion in revenue for the quarter ending June 29, 2024, which was …

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Disney Parks See Sharp Drop In Visitors - Fast Company

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Aug 7, 2024 · The Disney Parks financial report was weaker than expected. Revenue increased only 2% from the previous year, hitting $8.4 billion. Meanwhile, operating profit declined 3% to …

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Disney Earnings Report: What It Means For Disney Parks - Deseret …

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Aug 7, 2024 · Disney’s earnings report that was released Wednesday showed a profit of $2.62 billion for its third quarter — a significant boost from its $460 million loss a year earlier — …

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Disney Posts First-Ever Streaming Profit, Warns Of Pressure On …

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The company’s shares were down 4% in afternoon trading. Overall, Disney swung to a profit of $2.62 billion for the quarter from a loss of $460 million a year earlier, when the company took ...

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Disney Turns A Profit In Streaming As Entertainment Income Soars

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Aug 7, 2024 · The division, which includes Disney’s theme parks and cruise line, had $8.4 billion in revenue, up 2 percent from a year ago, but operating income of $2.2 billion, down 3 percent …

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Disney Reports Q4 And Full Fiscal Year Earnings, Parks Segment

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Parks had operating income of 815 million, well short of wall street estimates of 919 million. Overall Earnings Per Share came in at $0.30 per share compared to $1.09 per share for third …

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Disney CEO Sees ‘Flat-ish’ Theme Park Revenue Amid ‘Slowdown’

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Aug 7, 2024 · The company plans to invest $60 billion in its theme parks and cruises over the next decade. Olympics Takes a Bite out of Theme Park Demand The 2024 Paris Olympics has …

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Disney Has Been Dead Money For A Decade. 3 Reasons That Could …

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1 day ago · Current Price. $109.12. Price as of November 14, 2024, 4:00 p.m. ET. It's hard to find a company with more evident competitive advantages yet has performed worse on the stock …

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What Wall Street Experts Are Saying About Disney Ahead Of Earnings

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3 days ago · CONSENSUS: In terms of overall results for the fiscal fourth quarter, analysts are calling for Disney to report total revenue of $22.44B. The consensus Q4 earnings forecast …

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FAQs about Disney Forecasts Demand Slowdown & Softness for Parks Into 2025 Coupon?

Does Disney have softness in its theme-park business?

Disney on Wednesday warned of softness in its theme-park business in the third-quarter. Disney’s Experience segment, the business unit that houses its theme parks, cruises and consumer products, generated revenues of nearly $8.39 billion and operating income of $2.22 billion in the three-month period. ...

How did Disney perform in fiscal 3rd quarter?

In Disney's fiscal third quarter, its direct-to-consumer (DTC) streaming business, which includes Disney+, Hulu, and ESPN+, posted operating income of $47 million, compared to a loss of $512 million in the prior-year period. The company had previously expected to achieve total streaming profitability by the current quarter. ...

Does Disney's entertainment segment offset the pressure from the theme park business?

However, the performance from Disney’s Entertainment segment could offset the pressure from the Theme park business. With consumers moving to online streaming platforms, Disney registered a 20% increase in its advertising growth on its DTC streaming business, which swung into profit earlier this year, in the previous quarter. ...

What was Disney's biggest disappointment in the quarter?

The parks business was Disney's main disappointment in the quarter, with domestic operating income dropping 6% from the prior year to $1.35 billion. The company warned demand moderation could continue over "the next few quarters." ...

Why did Disney report a turbulence in June?

This year, it became clear that the parks business was hitting some turbulence when Disney unexpectedly reported that operating income in the segment would likely be flat for the June quarter. The company said it was seeing “some normalization of post-Covid demand.” ...

Are Disney Parks slowing consumer demand?

Link Copied! People walk in front of Cinderella's Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Disney Parks are the latest business to face slowing consumer demand in the face of higher prices. Disney’s parks business underperformed expectations and profit fell somewhat last quarter. ...