Mickey in front of Castle
Credit: Disney

Walt Disney Company Fourth Quarter Report

On November 10 the Walt Disney Company released its 2021 Fourth Quarter Report. The fiscal year ended on October 2. Here are some of the highlights.

We’ll start with the Theme Parks. There was growth over the same quarter last year, although 12 months ago not all of the Disney Parks were open. The fourth quarter might be the first since the pandemic began that all of the Disney Parks across the planet were up and running. Shanghai Disneyland did recently close for a couple of days, but that was after October 2. Although all the Theme Parks were open, capacity is still limited in some.

Disney CEO Bob Chapek claimed that Disney Genie is a success. He said that nearly a third of all Walt Disney World Guests are paying for the Genie+ upgrade. He also stated that the Galactic Starcruiser is almost sold out for the first four months next year. According to Chapek, attendance at Walt Disney World has increased by double digits since the third quarter. He also stated that attendance is increasing at Disneyland, and that the Magic Key program is quite popular.

Credit: Disney

Disney+ did not see the increase expected. There are currently 118.1 million subscribers, while it was estimated that the service would have 126.2 million subscribers by the end of the quarter. That is still impressive for a service that is just two years old! November 12 is Disney+ Day, with deals that could give a boost to the number of subscribers.

Disney Cruise Line is still rebounding. The entire cruise industry was shut down until just a few months ago. Current cruises are running at reduced capacity, and there are restrictions. Revenue is up from the same quarter last year.

Credit: Disney

You can read the entire summary of the call here. The full transcript can be read here.

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About Paula K

I grew up in Western Massachusetts. When I was nine my family went to Disneyland and I was hooked. I grew up, attended New England College in Henniker, NH and eventually moved to Virginia. I worked as a disc jockey, married and became a full time mom when our daughter was born. Fast forward several years. In 2010 we moved to Central Florida and my Disney obsession grew. I now work as a freelance writer and spend my spare time in the parks. Under the name Paula Brown I penned the novels Dream Wanderers and The Coffee Cruiser. I also am a co-author of Dining at Walt Disney World: The Definitive Guide. I'm obsessed with Star Wars, so this is a good time to live in Central Florida. I've been a vegetarian for well over a decade, a choice that my daughter eventually made as well. While my husband still hasn't joined us fully he has given up most meats except for seafood. I was relieved to find that vegetarian dining is not difficult at Walt Disney World.