Is Disney running at a loss?

Disney said it reduced its streaming losses to $387 million in the three months ending in September—its fiscal fourth quarter—down from $1.47 billion in operating loss last year. The company said it still projects that its streaming business will be profitable by this time next year.



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As the company shifted to streaming, it seemed set up to lap Netflix and eat the box office at the same time. But today, Disney's stock is at a nine-year low. Operating margins are down 75 percent. Disney+ lost $4 billion last year.

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Disney World's crowds are getting smaller, signaling that the high entry costs to the theme park as well as competition from other destinations may be taking a toll on attendance, Wall Street Journal reporter Jacob Passy told CBS News.

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Revenue: US$88.9b (up 7.5% from FY 2022). Net income: US$2.35b (down 26% from FY 2022). Profit margin: 2.6% (down from 3.9% in FY 2022).

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Starting on January 9, 2024, you can visit any theme park without a reservation as long as you have a date-based ticket. A date-based ticket is the standard ticket option and means you've purchased park passes for a specific time frame (whether it's tickets alone or part of a vacation package).

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In the case of The Little Mermaid, Disney's $284.8 million share of the box office left it with a $44.6 million profit after deducting its $240.2 million net spending.

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Disney's 100th Anniversary is officially underway at Walt Disney World, with new things to do at Magic Kingdom, EPCOT, Animal Kingdom, Hollywood Studios, and the resort hotels. This guide to the 100 Years of Wonder Celebration offers info, what to see & do, and other assorted tips. (Updated September 22, 2023.)

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Disney's 100th Anniversary is officially underway at Walt Disney World, with new things to do at Magic Kingdom, EPCOT, Animal Kingdom, Hollywood Studios, and the resort hotels. This guide to the 100 Years of Wonder Celebration offers info, what to see & do, and other assorted tips. (Updated September 22, 2023.)

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Disney+ has been losing customers to price increases expects to fall tens of millions of subscribers short of its last publicly stated 2024 target for the Disney+ streaming service, according to people familiar with the matter.

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Limited shade areas, long lines, crowded parks, and the cost of beverages may put some off from visiting the park in the summer months when hotter temperatures can be unsafe and problematic for visitors — especially those with children.

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