Rebound Of The Theme Park Business Explains 26% Increase In Disney Q4 Revenues

Rebound of the theme park business explains 26% increase in Disney Q4 revenues

Los Angeles, Nov 12 : The Walt Disney Company has reported a revenue of $18.53 billion for its fiscal fourth quarter of 2021, up 26 per cent from a year earlier, largely due to the rebound of its theme park business from the Covid-19 pandemic.Los Angeles, November 12, 2018 : .The Walt Disney Company reported $18.53 billion in revenue for the fourth quarter 2021.This is an increase of 26 percent from the previous year, due to its rebounding theme park business following the Covid-19 pandemic.
According to Disney’s quarterly earnings report, the earnings per share (EPS) for the quarter ending on October 2 reached 9 cents compared to a loss of 39 cents in the same period last year, reports Xinhua news agency.The quarterly earnings report from Disney shows that the earnings per share (EPS), for the October 2nd quarter, was 9 cents, compared with a loss in earnings of 39 cents last year.

 Rebound Of The Theme Park Business Explains 26% Increase In Disney Q4 Revenues-TeluguStop.com

Disney Parks, Experiences and Products revenues for the fourth quarter increased to $5.5 billion from $2.7 billion in the prior-year quarter.The fourth quarter’s revenue from Disney Parks, Experiences and Products increased by $5.5 billion, compared to $2.7 billion during the previous-year quarter.The division’s quarterly profit increased to $640 million.Sixty-four million dollars was the division’s quarterly profit.

“Revenue and operating income growth was due to the reopening of our parks and resorts, which were open for the entire quarter (the fourth quarter) this year,” said the company in the report.The company stated in its report that revenue and operating income grew due to the reopening our resorts and parks, which had been open the whole quarter (the fourth quarter of this year).

“Covid-19 and measures to prevent its spread have impacted our segments in a number of ways.Our segments have been affected by Covid-19 and the measures taken to stop its spread.

Our theme parks and resorts were closed and cruise ship sailings and guided tours were suspended,” said Disney, adding that its parks and resorts, “were generally operating at reduced capacities” even while they were open.Disney stated that the resorts and theme parks were shut down and that cruise ship sailings as well as guided tours had been suspended.

He also said that parks and resorts “generally operated at lower capacities”, even though they were still open.

Meanwhile, the company’s two-year-old flagship streaming service, Disney+, recorded an increase of 2.1 million subscribers in the latest quarter, bringing the number of subscribers to 118.1 million, up 60 per cent from 73.7 million in 2020.The company’s flagship streaming service Disney+ (which has been in operation for two years) saw an additional 2.1 million subscribers during the last quarter.This brings the total number of subscribers up to 118.1million, an increase of 60% from the 73.7 million recorded in 2020.

Disney said its Direct-to-Consumer (DTC) revenues for the quarter increased 38 per cent to $4.6 billion and operating loss increased from $400 million to $630 million.Disney reported that its Direct-to Consumer (DTC), revenues increased by 38 percent to $4.6 Billion and that operating losses rose from $400 Million to $630 Million.

“This has been a very productive year for The Walt Disney Company, as we’ve made great strides in reopening our businesses while taking meaningful and innovative steps in Direct-to-Consumer and at our Parks,” said Bob Chapek, Disney’s CEO, in a statement.In a statement, Bob Chapek (Disney’s CEO) stated that “This year has been very productive for The Walt Disney Company”

Chapek said the company is “extremely pleased with the success of our streaming business” and confident in the growth of Disney streaming platforms globally.Chapek stated that the company was “extremely happy with the success our streaming business” as well as confident about the future growth of Disney streaming services worldwide.

Disney’s DTC services include Disney+, ESPN+ and Hulu, which are viewed as new products to compete with Netflix.Disney’s DTC service includes Disney+, ESPN+, and Hulu.These services are seen as new products that can compete with Netflix.

The company aims to gain 230 million to 260 million Disney+ subscribers by the end of fiscal 2024.By the end fiscal 2024, Disney+ aims to have 230 to 260 millions subscribers #Rebound #theme #park #explains #Disney #revenues

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