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Disney’s Q1 FY23 Earnings Results Webcast - Wednesday, Feb 8, 2023

TalkingHead

TalkingHead

Well-Known Member
Animaniac93-98 said:
“MARVEL's Caterpillar Man will launch phase 7 of our cinematic universe when it premiers on Disney+ in 2025.”
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Correction, I believe the Caterpillar Man series will be the prequel to Amazing Moth Girl 3, which is technically the start of both Legacy Phase 7 and Multiverse Phase 4. Already reserved my AMC ticket with premium sightline upcharge. So stoked.
 
Drdcm

Drdcm

Well-Known Member
Animaniac93-98 said:
I read about that garbage the other day.

Makes me glad they eventually closed their Canadian locations or had them converted to Cineplex (not that they're much better).
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It’s an interesting tactic. Sounds like a great way to direct all traffic to the local movie theater that doesn’t do that crap. No wonder movies are flopping.
 
MisterPenguin

MisterPenguin

President of Animal Kingdom
Premium Member
Original Poster
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D

DCBaker

Premium Member
Financial docs are live if you wish to read through them before the earnings call -


Disney Parks, Experiences and Products

Disney Parks, Experiences and Products revenues for the quarter increased 21% to $8.7 billion and segment operating income increased 25% to $3.1 billion. Higher operating results for the quarter reflected increases at our domestic parks and experiences and, to a lesser extent, our international parks and resorts.

Operating income growth at our domestic parks and experiences was due to higher volumes and increased guest spending, partially offset by cost inflation, higher operations support costs and increased costs for new guest offerings. Higher volumes were attributable to increases in passenger cruise days, attendance and occupied room nights. Guest spending growth was due to an increase in average per capita ticket revenue driven by Genie+ and Lightning Lane, which were introduced in the prior-year quarter.

Increased results at our international parks and resorts were due to growth at Disneyland Paris and higher royalties from Tokyo Disney Resort, partially offset by a decrease at Shanghai Disney Resort. Higher operating results at Disneyland Paris were due to an increase in volumes and higher guest spending, partially offset by a loss on the disposal of our ownership interest in Villages Nature, increased costs for new guest offerings and cost inflation. Higher volumes consisted of increases in attendance and occupied room nights. Guest spending growth was driven by an increase in average ticket prices and higher average daily hotel room rates. The decrease at Shanghai Disney Resort was due to lower attendance reflecting fewer operating days in the current quarter compared to the prior-year quarter as a result of COVID-19-related closures.

The following table presents supplemental revenue and operating income detail for the Disney Parks, Experiences and Products segment:

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