Disney4me Posted November 14 Report Share Posted November 14 Disney has just dropped some MAJOR news…but one thing was surprisingly missing! Magic Kingdom On August 14th, 2024, Disney held its earnings call (and released its earnings report) for the 4th quarter of fiscal year 2024. We got updates about the financial standing of Disney’s theme parks, streaming services, and more. But Disney completely ignored one HUGE thing… There’s arguably no story more important to the future of the Walt Disney Company’s future than the issue of Bob Iger’s (second) successor. After the first try with Bob Chapek led to Iger’s second term as CEO, there’s immense pressure on the company to get Iger’s second replacement right. This has led to changes on the Disney board and multiple reports on potential candidates from inside and outside the company in the lead-up to the 2026 CEO announcement. All of this makes it seem like a large (if expected) omission that nothing regarding the CEO search or Iger’s future was mentioned during the earnings call. Pandora You never quite know exactly what will come out of an earnings call and sometimes you may even be met with some surprises, like this one. That’s what was missing from this past earnings call and report, but what did Disney announce? Well, there were some big updates shared during this last report. When it comes to theme parks, the Experiences Division saw record growth numbers with “6% to 8% segment operating income growth compared to fiscal 2024, weighted to the second half of the year” and domestic parks in particular saw operating income rise 5% to $847 million, “helped by higher guest spending at the parks and cruise lines.” This has led to an overall $34.1 billion in topline revenue in 2024, a 5% increase versus 2023, an overall record for the division. The company suffered roughly $130 million in losses due to Hurricanes Milton and Helene. Magic Kingdom On the Disney+ front, the company reported 174 million Core and Hulu subscriptions and more than 120 million Disney+ Core paid subscribers, an increase of 4.4 million over the prior quarter. There was also an amusing “hot mic” moment on the call when Iger spoke about subscribers on advertising-supported plans vs those not. ©Disney Disney provided some updates about sports as well, noting that an ESPN tile will be debuting on December 4th, as part of a larger push for live sports integration due to the appeal of that type of programming to advertisers. In addition, Iger floated the possibility of an AI-driven SportsCenter that would provide curated highlights for a user. EPCOT That’s the latest update from Disney…for now. But every day can bring more surprises, so stay tuned — we’ll keep you up to date on ALL the latest! Big Hotel Changes Are Coming to Disney World Soon — Click HERE to Look Inside the NEW Restaurant Coming to the Polynesian Village Resort Join the DFB Newsletter to get all the breaking news right in your inbox! Click here to Subscribe! WE KNOW DISNEY. YOU CAN, TOO. Oh boy, planning a Disney trip can be quite the adventure, and we totally get it! But fear not, dear friends, we compiled EVERYTHING you need (and the things to avoid!) to plan the ULTIMATE Disney vacation. Whether you're a rookie or a seasoned pro, our insider tips and tricks will have you exploring the parks like never before. So come along with us, and get planning your most magical vacation ever! GET YOUR GUIDE NOW What do you think about the latest Disney updates? Tell us in the comments.The post The One Important Thing That’s MISSING From Disney’s Big News Drop first appeared on the disney food blog.View the full article Quote Link to comment Share on other sites More sharing options...
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