Disney Keeps Making Money
The Walt Disney Company's domestic theme parks recorded record attendance over the past three months, according to the company's quarterly conference call with investors.
Attendance at the Walt Disney World and Disneyland Resorts was up four percent over the same period in 2014, and each guest spent about 2 percent more on average on food, drinks and merchandise in the parks during the period than the typical guest did at the same time last year.
The 60th anniversary Diamond Celebration is driving higher attendance at the Disneyland Resort, according to the company.
Disney did not break out attendance for Disney World versus Disneyland, but for parks outside the US, Disney noted that attendance was down at Hong King Disneyland and that Shanghai Disneyland continues to cost more and more as it approaches its opening.
Overall theme park revenue was up 4 percent to $4.1 billion, with operating income up 9 percent to $922 million. Overall, Disney reported $2.5 billion in profit for the quarter, an 11 percent increase over the same quarter in the previous year.
Could be a big part of why DHS sits in disarray as you reported yesterday, if the crowds keep coming in droves there's no rush to fix or build anything.
If you don't build it, they will still come.
$2.5B in profit? In a quarter? Amazing. I work for a "large" local company and we make like $2.5B in REVENUE in a YEAR. I can't even fathom $2.5B in PROFIT.
Interesting to see how the opening of Shanghai DLand will effect the US resorts. That's a lot of Chinese people that will not need to visit Disneyland or World to get the latest and best attractions to come out of WDI.
Both Disney resorts in China will be fine. China will have two parks in a country with 1.3 billion, or a billion more than the U.S.
Well said Rob....
Im not so sure. That's assuming that only the population of the US visits the US Disney parks, which clearly recieve huge numbers of foreign visitors, especially Disney world. Even so the 1.3 billion people in China have significantly less money than the 300 million in the US and even more less than the 500+ million or more in Europe where Disneyland Paris has struggled for decades. I don't think that using population alone is a guarantee of success for a Disney park. Those 1.3 billion people surely did not descend upon Hong Kong Disneyland when it was built.
Have to agree with James, Disney has to announce something pretty special at the Expo, particularly with the current state of DHS.
Magic Handcuffs were to drive more revenue from the guests and supply marketing data. So, $1 billion and a 2 percent increase in guest purchases?!
Disney can keep holding back on new attractions, the people still come in droves trough their gates driven bij commercials and nostalgia.
Stocks down a bunch - but it just ran from 85 to 120 in a few months so a pullback not unusual. Hopefully it will lever off at 110 and stay there..
Stock just dropped $10 a share. I guess they are not expecting the same performance in the near future. May be a good stock buying opportunity, or the next crash. Who knows?
Hong Kong attendance keeps dropping every quarter even though they did some spectacular attraction expansions. Disney Paris is still sick. And Shanghai costs keep over running. These international business ventures are looking like they weren't very good decisions. Japan is different since it's owned by OLC. Invest in the good old USA already.
If Disney follows recent protocol, Igor will make big promises at D23 followed by huge disappointment when his lame new attractions open late in 2030.
I have no less than 20 friends that are Disney fanatics, all of them on Facebook. Some of them have young children, so I can see the reasons for choosing Disney. We did the same thing and it was "fun", until I had something to compare those experiences to.
Stock's dropping second day in a row and taking the other media stocks down with them. Disney was at $120 per share on Tuesday. Now it's $104 per share.
O T, you absolutely made my day!!!! ROFL! :D
Correction: Disney's last E-ticket in Orlando was built last year. It's called Seven Dwarves Mine Train and it's pretty freakin' amazing.
It's a rare reviewer that's
220.127.116.11... you have never set foot inside of Diagon Alley, have you? Hogsmeade is great, but Diagon Alley is on a whole other level.
Argh, I either accidentally submitted my comment unfinished or accidentally opened another tab! Lemme start over just in case.
If 7 Dwarves Mine Train is an e ticket then what isnt?
Anonymous poster...It looks like your wish will be granted. Along with two major refurbs of the Hulk during the next year, Universal will be redoing the queue and pre show.
Regarding HKDL, they made three mistakes with that park.
As for Disneyland Paris, they never overcame the structural issues of that resort (too many required hotel rooms that close to effin Paris,) and Europe is basically in crisis mode at present.
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