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Disney’s Q3 FY21 Earnings Results Webcast

DCBaker

Premium Member
Original Poster
"The Walt Disney Company will discuss fiscal third quarter 2021 financial results via a live audio webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT on Thursday, August 12, 2021."

 

MisterPenguin

Fully Pfizered!
Premium Member
10 Day Countdown.

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Slpy3270

Well-Known Member
Wouldn't be surprised if we get a miss on both targets given Black Widow and Jungle Cruise's meh numbers. They better hope the television networks, theme parks and direct-to-consumer division bail them out.
 

DCBaker

Premium Member
Original Poster
"Disney Parks, Experiences and Products

Disney Parks, Experiences and Products revenues for the quarter increased to $4.3 billion compared to $1.1 billion in the prior-year quarter. Segment operating results increased $2.2 billion to income of $356 million. Operating income for the quarter reflected increases at our domestic and international parks and experiences businesses and at merchandise licensing and retail.

Growth at our parks and experiences business was due to the reopening of our parks and resorts. Walt Disney World Resort and Shanghai Disney Resort were open for the entire quarter. In the prior-year quarter, Walt Disney World Resort was closed for the entire quarter and Shanghai Disney Resort was open for 48 days. Hong Kong Disneyland was open for 72 days in the current quarter and 10 days in the prior- year quarter. Disneyland Resort and Disneyland Paris were open for 65 days and 19 days respectively, during the current quarter, whereas these businesses were closed for all of the prior-year quarter. During the periods our parks and resorts were open, they were generally operating at reduced capacities.

Growth in merchandise licensing was primarily due to higher revenue from merchandise based on Mickey and Minnie, Star Wars, including The Mandalorian, Disney Princesses and Spider-Man. The increase at our retail business was due to higher results at Disney Stores, most of which were closed in the prior-year quarter and the comparison to the write-down of store assets in the prior-year quarter."

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