Disney revenues increase in second quarter with help of parks, Disney+


Disney released its quarter two earnings during a call with investors Wednesday afternoon.
While the company touted its gains to investors, it did not say anything about the dismantling of the special district that governs Walt Disney World.

Disney reported increased revenues during Q2 with Disney CEO Bob Chapek saying the performance of domestic parks has been “outstanding.”

Disney reported more than $19 billion in revenue. The parks saw tremendous growth as well with revenue increasing to $6.7 billion.
Disney said they’re seeing increased attendance, hotel bookings and cruise ship sailings.

Disney’s profits did miss Wall Street’s expectations, but only slightly. Analysts expected earnings of $1.19 per share. Disney earned $1.08 per share.
Disney also reported large growth with its streaming service, Disney+. During Q2, Disney said it added nearly 8 million subscribers, bringing the total to more than 137 million subscriptions, beating expectations.
“The growth of the platform since its launch reinforces its unique nature. Quite simply we believe Disney+ is one of a kind, a service based on exceptional branded content with wide appeal based on all four quadrants,” Chapek said.

Investors did not ask questions about the law dissolving the Reedy Creek Improvement District, which governs Walt Disney World.

*originally posted on clickorlando

Michele
Follow Me

Michele

Michele Atwood is the Owner/Editor of The Main Street Mouse and it’s subsidiaries and author of the books “Moving to Main Street U.S.A.” “How Many Sleeps Till Disney?” and “How Many Sleeps Till Disneyland?” Michele also contributes Disney news to the Joe Kelley Morning Show on 107.3 WDBO in Orlando. She and her family made the move from Michigan to the Orlando area to pursue their Disney dreams. Michele is a life long Disney fan, and has two sons who have followed suit, each going on their first Disney trip before their first birthday’s. Part of the goal Michele has for The Main Street Mouse is not only to keep members informed, but to create somewhat of a Disney Family by relating to others through personal experiences and opinions. Also, Michele is making it a priority to share stories of inspiration and hope to other Disney Fans in an effort to share the Magic and hopefully make a difference in the lives of others. ~ I enjoy writing personal perspective blogs, doing TMSM Meet Ups for our readers, and keeping the constant interaction going with others, sharing the Disney Magic to people when they can’t be at their Happy Place.

Michele has 6453 posts and counting. See all posts by Michele

mm
The Main Street Mouse
%d bloggers like this: