According to Seeking Alpha, the Disney Parks continue to move on from the effects of the COVID-19 pandemic, though in terms of profit, there’s still a long way to go until full recovery.
The report claims that The Walt Disney Company may be able to surpass revenue levels established before the pandemic outbreak in the 2022 fiscal year. The company is projected to make a revenue of $84.86 billion, up 25.9% year over year.
Meanwhile, there has been improvement specifically within Disney Parks, with parks revenue expected to be crucial to the company.
During the February 2022 earnings report, Disney surpassed expectations for earnings per share in part due to the rising success of the parks, crediting the introduction of Disney Genie+ and Lightning Lane for the increase.
When it comes to profit, the adjusted margin for EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is currently expected to rise to 19.1% in the 2022 fiscal year, up from 17.7% in 2021. This is still down from the 25.9% reached in 2019.
In recent months, there’s been plenty of activity, with the opening of Star Wars: Galactic Starcruiser and Guardians of the Galaxy: Cosmic Rewind about to welcome guests at EPCOT. It remains unclear how this will affect revenue and profit projections.
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See things are recovering while it may take awhile it will get back to normal. Let’s help keep it coming.
Making all sorts of revenue while the experience for the fan has gone down Charge me for this now which was free take away this now which was free…….just about the dollar……