The Walt Disney Company is a multinational entertainment conglomerate that operates in various industries, including media, theme parks, and consumer products. The company is known for its iconic brands, such as Disney, Marvel, Pixar, and Star Wars, among others. As a publicly-traded company, Disney’s financials are available for public viewing, including its daily revenue. So, how much does Disney make in a day?
The Walt Disney Inc’s Annual Revenue
According to Disney’s 2022 annual report, the company’s total revenue for the fiscal year 2022 was $82.72 billion. This translates to an average daily revenue of approximately $226.63 million. It’s important to note that this figure represents the total revenue earned by Disney, including all its business segments, such as media networks, parks and resorts, studio entertainment, and direct to consumer media. The average daily revenue is calculated by dividing the total revenue by the number of days in the fiscal year, which is 365.
Furthermore, Disney’s revenue is not the same as its profit. The company incurs various expenses, such as the cost of goods sold, employee salaries, and overhead costs. These are subtracted from its revenue to arrive at its net income. According to the same 2022 annual report, Disney’s net income was $3.50 billion, which is a net profit margin of approximately 4.23%.
Covid-19 and Seasonal Changes
However, it’s worth noting that Disney’s 2022 fiscal performance was impacted by Covid-19 related events. During 2020 many of Disney’s theme parks were closed and their tour and cruise ship sailings were suspended. In addition, many of Disney’s film and content production activities were shortened, cancelled or disrupted. While Disney’s film and media operations have resumed, there was hangover effect due to Covid-19 on Disney’s revenue in fiscal year 2022 in this business line. In addition, many of Disney theme parks saw ongoing increased health and safety costs and capacity restrictions in 2022.
The company experiences seasonal fluctuations in its sales, with advertising revenue typically being higher during the fall and lower during the summer months. Disney’s revenue from sports advertising is impacted by the timing of sports seasons and events, which varies through the year. Therefore, the company’s revenue on any given day can vary significantly depending on a range of factors such as seasonality and sports activity.
More Fun Facts About Disney
Disney was founded in October 16, 1923 when Walt Disney and his brother Roy found the Disney Brothers Cartoon Studio in Hollywood, California.
Disney has over 222,000 employees worldwide, with 166,000 in the United States
Disney is a diversified entertainment company with two basic divisions: media and theme parks.
In 2022, Disney’s media was a bigger money maker ($55 billion) than their theme parks ($28.7 billion).
Here is the Disney 2022 annual report.
Conclusion
While Disney is a large company with a rich history, it’s not possible to determine exactly how much Disney makes on any specific day. However, its total revenue and net income figures provide a rough estimate of its daily earnings. Based on its 2022 annual report, Disney earned an average daily revenue of $226.63 million, which is a significant figure. However, it’s important to remember that this figure can vary significantly due to seasonal fluctuations and historical events like Covid-19.
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