For anyone keeping tabs on the rumor mills and media outlets, The Walt Disney Company’s latest quarter could have been defined by calls for boycotts and outrage among fans. But despite the arguably historic level of dissatisfaction among its legacy base, Disney was still able to record a positive quarter.
According to the quarterly earnings report, Disney saw a 26% increase in revenue compared to Q3 2021 overall and that includes increases in two key aspects supposedly hit by the boycotting fans: Disney+ subscriptions and Disney Parks, Experiences, and Products. The report shows Disney+ reaching 44.5 million paid domestic subscribers, a 17% increase compared to last summer, and over 100% increase in domestic Park and experiences.
“Disney Parks, Experiences and Products revenues for the quarter increased to $7.4 billion compared to $4.3 billion in the prior-year quarter,” the report stated. “Segment operating income increased $1.8 billion to $2.2 billion compared to $0.4 billion in the prior-year quarter. Higher operating results for the quarter reflected increases at domestic parks and experiences and, to a lesser extent, at international parks and resorts.”
Fans raised their voices across social media due to Disney’s decision to jump hard to the political left, taking an erroneous stance against Florida’s Parental Rights in Education Bill, as well as pushing LGBTQ+ content into children’s programming and instituting woke training measures in its “Reimagine Tomorrow” campaign. As part of their boycott, they called true fans of Disney to send a message by deleting their Disney+ accounts and canceling their trips to Disneyland and Walt Disney World.
It should be mentioned, however, that these year vs. year numbers are going up against a previous quarter where Covid-19 restrictions were still in place. Disneyland was only open 65 days of Q3 2021, and Disney World was operating at a much lower capacity. This leaves room for speculation regarding what the numbers could have been if the social conflict was not triggered.
We at Disney Fanatic will continue to update our readers on Disney news and stories as more developments come to light.