The Walt Disney Company recently held its fourth quarter and final earnings call for the year, and we learned quite a bit about just how the company is doing overall.
Walt Disney Studios
With new lands coming to the Disney parks, new ships being added to Disney Cruise Line, plenty of new movies and shows coming to theaters and Disney+, and more, the future seems pretty bright for the Walt Disney Company. But Disney World and much of Florida were impacted in various ways by recent hurricanes, and now we have an idea of just how much.
On November 14th, the Walt Disney Company held its fourth-quarter earnings call for 2024, and we learned just how the company was doing- and how much money had been lost due to the recent Florida hurricanes.
Magic Kingdom entrance the day after Hurricane Milton
Hurricane Milton made its way across Florida and caused the closure of the Walt Disney World theme parks. This was only the 11th time in Disney World history that the parks have closed. While they were only closed for about a day and a half, there was quite an impact on the parks overall.
The parks closed due to Hurricane Milton
While Hurricane Helene did not close the parks, the storm canceled one night of Mickey’s Not-So-Scary Halloween Party. As mentioned above, the parks were not the only parts of Disney World that closed during Hurricane Milton; so did certain hotels, and a night of Mickey’s Not-So-Scary Halloween Party was canceled. On top of all of the closures, Disney World waived its cancelation fees.
Disney’s Fort Wilderness Resort and Campground closed for Hurricane Milton
We expected that both of these storms would significantly damage the Walt Disney Company’s revenue, but after the quarter four report, we know just how much was lost.
Rainy day at Hollywood Studios ahead of Hurricane Milton
It was reported today that the Q1 operating income was adversely impacted by approximately $130 million due to Hurricanes
Helene and Milton.
Overcast skies after Hurricane Milton
In comparison, when Hurricane Ian hit Florida in 2022, the company lost about $65 million. While Disney World and Florida have already been impacted by two hurricanes this year, a storm system is currently being monitored and has a 90% chance of developing. If it does develop, the storm’s name will be Sara.
©NHC || System as of November 13th
We’ll continue to share what we’ve learned from the most recent Walt Disney Company earnings call with you — so stay tuned for the latest updates!
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The post NEWS: Disney Reports 0 Million in Hurricane Losses first appeared on the disney food blog.