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, ESPN, 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 2023 annual report, the company’s total revenue for the fiscal year 2023 was $88.90 billion. This translates to an average daily revenue of approximately $243.56 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 2023 annual report, Disney’s net income was $3.39 billion, which is a net profit margin of approximately 3.81%.
Russia Exit And Direct To Consumer Costs, Draft Kings Loss
However, because Disney is an international company, it is impacted by macroeconomic political events beyond their control. During 2022 Disney’s divested their Russia business. This resulted in a loss of $200 Million. In addition the company spent $2.1 Billion on direct to consumer costs – mostly marketing for Disney Plus. In addition, The company took an over $600 Million loss on DraftKings, a sports betting website.
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 225,000 employees worldwide, with 167,000 in the United States
- Disney is a diversified entertainment company with two basic divisions: media and theme parks
- In 2023, Disney’s products generated about $9.3 Billion, and their various services generated $79.6 Billion.
Here is the Disney 2023 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 2023 annual report, Disney earned an average daily revenue of $243.56 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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