Disney (DIS) 21Q3 Earnings Preview
- Streaming (Disney+, ESPN+, Hulu)
- Parks (Mentions of visiting a Disney Theme Park)
Disney+ Shows Solid Retention, Slowing User Growth
Disney Park Attendance is Improving, Still Lags 2019
LikeFolio data suggests consumers are increasingly visiting Disney Parks but this behavior has not normalized to pre-covid levels.
The massive pent-up demand surge upon FL parks reopening last July makes YoY comparisons tough, but you can see the improved trendline, +19% QoQ.
Investors will be listening closely to guidance on this call, to understand the impact of the Delta variant moving forward.
LikeFolio data does not show major fear-induced shifts in consumer behavior…yet. But the bar for improvement is higher than last quarter.
Disney reports 21Q3 earnings August 12 after the bell.