Disney results beat analyst expectations, theme park profit up 8%
Posted
Disney’s theme park and consumer products division delivered $3.1 billion in profit, an 8 percent increase compared with a year ago. Revenue climbed 4 percent to $6.3 billion. For the first time ever, all of Disney’s overseas theme parks were profitable, including the long-troubled Hong Kong Disneyland.
Read more from The New York Times.
The people who keep betting against Bob Iger keep losing. The stock is up 11% today.
Jeff - Editor - CoasterBuzz.com - My Blog
I know it's very unlikely it has anything to do with the stock doing well, but I did see one story today suggesting that yesterday's announcement about the Taylor Swift movie coming to Disney+ could be helping.
I think that's great for sub retention and growth, but I imagine there's a lot of overlap between Swifties and subscribers already. Coming in 23% higher on earnings than expected is probably the thing. Stock buybacks and a 50% lift in dividend probably doesn't hurt either.
Jeff - Editor - CoasterBuzz.com - My Blog
Just wait until Epic opens though. It will be the end of Disney, mark my...er, the words of all the Universal nerds on Facebook.
-Chris
A lot of the Extremely Online Disney People ("everything is awful!") are singing that tune too.
Well, I did I buy Genie+ on Friday…and booked a ridiculously expensive Crystal Palace breakfast. You’re welcome, Disney. (Could have been worse. Guy pulling into the lot in front of me purchased premium parking. He ended up 1 row in front of me).
"You can dream, create, design, and build the most wonderful place in the world...but it requires people to make the dreams a reality." -Walt Disney
HK Disneyland is coming up on 20 years. The kids who went early on are now starting to bring their kids.
When we went in 2017, it seemed plenty popular. So a bit surprised about it "finally" coming around.
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