Disney’s latest earnings reports are in, and there are a few interesting takeaways that you may have missed. Here are five things you need to know. First, Disney’s theme parks saw an increase in attendance, with the number of visitors up 7% year-over-year. Second, the company’s movie studio had a strong quarter, thanks to successes like Black Panther and Avengers: Infinity War. Third, ESPN continues to struggle, with subscriber numbers dropping once again. Fourth, Disney is investing heavily in its upcoming streaming service, which is set to launch this year. Finally, the company expects its profits to decline in the next fiscal year due to these investments. So what does all of this mean for Disney? Keep reading to find out.
Disney’s theme parks and resorts are still doing well, With attendance up 7% year-over-year.
Disney’s theme parks and resorts continue to be major tourist destinations, with attendance up 7% a year. This is despite the fact that the company has raised prices at some of its parks. Disney is also seeing growth in its resort business, with occupancy rates and room rates increasing. Given these results, it appears that Disney’s investments in its theme parks are paying off.
The company’s movie studio had a strong quarter latest earnings reports.
Thanks to successes like Black Panther and Avengers: Infinity War. Disney’s movie studio had a great quarter, thanks to the massive success of Black Panther. The movie became the highest-grossing film of all time for the studio, and also helped boost the sales of merchandise.
The studio also had another big hit with Avengers: Infinity War, which became the second highest-grossing film of all time for Disney. And while Solo: A Star Wars Story didn’t perform as well as the studio had hoped, it still made enough money to be considered a success. Overall, these results show that Disney’s movie studio is firing on all cylinders and that the company’s investment in big-budget films is paying off.
ESPN continues to struggle, with subscriber numbers dropping once again.
ESPN is still struggling, as the company continues to lose subscribers. In the latest quarter, ESPN lost 2 million subscribers, which is more than the 1 million it lost in the previous quarter. This trend is likely to continue, as people continue to cut the cord and cancel their cable subscriptions.
And while ESPN is trying to offset these losses by launching a new streaming service, it’s unclear if it will be enough to make up for the decline in traditional cable subscribers.
latest Disney to invest heavily in upcoming streaming service earnings reports.
Disney is investing heavily in its upcoming streaming service, which is set to launch later this year. The company is spending billions of dollars to create original content for the service, and it has already signed up a number of big names, including Spielberg, Lucas, and Marvel.
What’s more, Disney is also working on a new streaming service for ESPN, which is set to launch in early 2019. This service will offer live sports, as well as on-demand content and ESPN’s extensive library of sports programming. Overall, it’s clear that Disney is serious about the streaming space, and it’s investing heavily to make sure its services are successful.
The company expects its profits to decline in the next fiscal year due to these investments.
Even though Disney’s movie studio and theme parks are doing well, the company expects its profits to decline in the next fiscal year due to its investments in streaming. This is a smart move by Disney, as the streaming market is still in its early stages and is expected to grow rapidly in the coming years. By investing now, Disney will be in a strong position to capitalize on this growth. And while profits may decline in the short term, these investments should pay off in the long run, as Disney’s streaming services become more successful. Read More