Today’s Q4 earnings call revealed a lot of information about the state of Disney’s finances, including a 99% increase in Parks revenue compared to Q4 2020. However, this didn’t stop a discussion of potential cost-cutting measures.
Christine McCarthy, the Chief Financial Officer, commented that “We can cut portion size, which is probably good for some people’s waistlines,” as one of the possible measures.
“We aren’t going to go just straight across and increase prices. We’re going to try to get the algorithm right to cut where we can and not necessarily do things the same way,” McCarthy said.
During the same call, McCarthy also noted that per capita guest spending increased by 30% over the last quarter. Additionally, nearly 33% of guests paid $15 per person to upgrade to Genie+ services.
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