fb




Up to 50% Of Guests Purchasing Genie+ And Other Earnings Call Tidbits

Up to 50% Of Guests Purchasing Genie+ And Other Earnings Call Tidbits

News - WDC
10-Feb-2022

The Walt Disney Travel company announced their Q1 2022 earnings yesterday, and CEO Bob Chapek also later appeared on CNBC. Some interesting tidbits include that The Walt Disney Company earned $7.23B in their Disney Parks, Experiences and Products segment - $1 billion higher than analysts were hoping for. In regards to the parks, Disney executives said the following:
Attendance trends are still getting stronger, Chief Financial Officer Christine McCarthy amplified. It was up by double digits vs. Q4 at Disneyland and Walt Disney World, and per-capita spending was up 40% year-over-year, amid higher outlays on food, beverages and merchandise.

That's exceeding pre-pandemic levels now, impressive even as the company continues to manage attendance tied to the COVID-19 pandemic, she notes.

He says park capacity is a complex issue. Disney is seeing really strong domestic demand mitigated somewhat by a "lagged" return from international markets, unsurprising because of the long booking time for global trips. Disney is still managing density, mainly in things like parades and fireworks shows. "I suspect that over time we'll start to regain some of the capacity drop-off that we're kinda self-imposing." Meanwhile, "because people spend so much time in the parks, the food and beverage component is a big one."

Other tidbits include:
  • CEO Bob Chapek then went onto say onn average, 33-50% of all guests are purchasing Disney Genie+. Genie+ was the primary reason for the company because able to increase their per capita ticket revenue.
  • Disney is "pleased with the demand" for Star Wars: Galactic Starcruiser before opening
  • Capacity is remaining lower due to staff shortages for Food & Beverage, and live entertainment. With some live entertainment not returning yet, more guests are wandering around the parks.


  • Join the FREE Mickey From The UK email club & never miss any of our Disney content
    Tick the box to confirm you want to signup to our email club
    (Your email will never be shared, sold or spammed as outlined in our privacy policy. Only Disney goodness you'll receive.)

                submit to reddit

    Read Next
    CEO Bob Chapek Discusses Price Increases, Passholders, And Parks Demand In New Interview
     


    CEO Bob Chapek Discusses Price Increases, Passholders, And Parks Demand In New Interview
    The Hollywood Reporter interviewed Walt Disney Company CEO Bob Chapek where the reporter, Kim Masters, did an incredibly good job asking some good questions including question relating to Walt ...   Read more >
    New Original Animated Film "Wish" Coming In 2023
     


    New Original Animated Film "Wish" Coming In 2023
    Disney has announced a new original animated film called "Wish". The film will explore how the iconic wishing star came to be. The film will release in cinemas in November 2023. The film is a fan...   Read more >
    "Peter Pan & Wendy" Movie Poster Released Coming To Disney+ In 2023
     


    "Peter Pan & Wendy" Movie Poster Released Coming To Disney+ In 2023
    Disney has released a new poster for the upcoming live-action movie "Peter Pan & Wendy". The movie will go straight to Disney+ in 2023.   Read more >
    Logo Released For The Upcoming "Snow White" Live-Action Movie Coming In 2024
     


    Logo Released For The Upcoming "Snow White" Live-Action Movie Coming In 2024
    Disney has released a new logo for the upcoming "Snow White" live-action film. The film is due to release in 2024. Rachel Zegler stars as Snow White and Gal Godot stars as the evil queen.   Read more >
    Pixar Announces "Inside Out 2" Is Coming Summer 2024
     


    Pixar Announces "Inside Out 2" Is Coming Summer 2024
    Pixar has announced the sequel to Inside Out - Inside Out 2 - which will be coming to cinemas in the summer of 2024. The story will follow Riley again as she enters her teenage years. Oh JOY! Am...   Read more >
    "Mufasa: The Lion King" Live-Action Prequel Coming In 2024
     


    "Mufasa: The Lion King" Live-Action Prequel Coming In 2024
    At D23 Disney has announced a new live-action Lion King prequel movie called "Mufasa: The Lion King". It will take place before the events of The Lion King (live-action) and will feature Timon, ...   Read more >
    Disney Releases Live-Action "The Little Mermaid" Teaser Trailer
     


    Disney Releases Live-Action "The Little Mermaid" Teaser Trailer
    At D23 Disney has shared a new teaser trailer for the upcoming live-action remake of "The Little Mermaid" coming to cinemas May 26th, 2023. Out of the sea, wish I could be... part of that world. ...   Read more >
    Disney Releases New "Disenchanted" Trailer Coming To Disney+ November 24th
     


    Disney Releases New "Disenchanted" Trailer Coming To Disney+ November 24th
    At D23 Disney has released a new trailer for the live-action musical comedy "Disenchanted." "Disenchanted" begins streaming on Disney+ starting November 24th. The magical teaser trailer for the a...   Read more >
    Hocus Pocus 2 Trailer Released And Coming to Disney+ September 30th
     


    Hocus Pocus 2 Trailer Released And Coming to Disney+ September 30th
    At D23 Disney released a new poster and trailer for the upcoming film "Hocus Pocus 2". The film will be streaming on Disney+ starting September 30th. This Halloween Season, some legends never die...   Read more >
    First Look At The New Walt Statue Coming To EPCOT
     


    First Look At The New Walt Statue Coming To EPCOT
    At D23 Disney has released the first look at the actual state of Walt Disney coming to EPCOT. The statue is currently on display at D23 but will soon be installed at Dreamer's Point in EPCOT. ...   Read more >

    View More >
    Mickey From The UK
    British Disney Parks Community
    About Mickey From The UK

    Email Subscribe Join Our Free Email Club
    All our Disney news, reviews, offers, and more, direct to your inbox, for free.

    Facebook FB Page
    75,000+ Likes
    Facebook Group FB Group
    10,000+ Members
    Instagram Instagram
    6,000+ Followers
    Twitter Twitter
    1,200+ Followers



    'Mickey From The UK' is an unofficial privately owned Disney and Walt Disney World community website.
    © MickeyFromThe.UK . All Rights Reserved. Content cannot be reproduced without permission.

    Email Club       About       Contact Us       Advertising/Reviews/Sponsorships       Disclaimers       Privacy