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For all the grumbling in the atmosphere from fans who have had their fill with The ‘s affinity for price hikes at each , Guests sure are spending more while on their Disney vacations.
During The ‘s 2022 2 call on Wednesday, and had lots to share about the good things happening inside the House of Mouse, including an increase in , better-than-expected Disney+ , and perhaps not quite as earth-shattering losses due to and being closed for part or all of the .
Credit: The Independent
“Our strong results in the , including fantastic performance at our and continued of our services, with 7.9 million Disney+ subscribers added in the and total subscriptions across all our DTC offerings exceeding 205 million, once again proved that we are in a league of our own,” said during the call.
When it came to for The , Disney’s , Product, and Experiences division reported impressive numbers–numbers that suggest that despite months of unrest over Disney’s newly-revamped (and newly re-priced) Annual Passholder programs at and , increases in food prices in the (and smaller portions reportedly being served), and in other prices, Disney Guests are still showing up and still spending cash.
A press release from The ahead of Wednesday’s call said it all:
“, Experiences and Products , Experiences and Products revenues for the increased to $6.7 billion compared to $3.2 billion in the prior- . Segment operating results increased by $2.2 billion to an income of $1.8 billion compared to a loss of $0.4 billion in the prior- . Higher operating results for the reflected increases at our and experiences businesses and, to a lesser extent, at our international and resorts and merchandise licensing businesses.”
Credit: Travel and Leisure
And there was seemingly no attempt to cover the fact that Disney has indeed raised prices for many things across the board, leading to increased profits.
“ at our and experiences was due to higher volumes and increased Guest spending, partially offset by higher costs. Higher volumes were due to increases in attendance, occupied room nights, and cruise ship sailings. Cruise ships operated at reduced capacities in the while sailings were suspended in the prior- . Guest spending was due to an increase in average per capita ticket , higher average daily hotel room rates, and an increase in food, beverage, and merchandise spending. The increase in average per capita ticket was due to a favorable attendance mix and the introduction of Genie+ and in the first of the current . Higher costs were primarily due to volume , cost inflation, and higher marketing spending.”
Credit: D23
It may be the last time the can be so chipper on an call for a while, thanks to even more upset about ‘s recent statement about Florida’s Parental Rights in Education bill, followed by the Company’s admitted determination to see the bill repealed. Many fans feel that Disney is attempting to “indoctrinate” children with some of its recent content, leading many to “boycott Disney,” even if only verbally.
Credit: Tallahassee Democrat
However, the recent events involving Disney, DeSantis, and Reedy Creek didn’t transpire until the , meaning the bad news can be pushed aside for a little bit longer. The third-quarter call might have a completely different tone to it.
