Summary
Disney says fewer foreign visitors to its U.S. parks might hurt its earnings in the coming months. The company plans to focus more on American visitors to keep growing its parks business. Overall, Disney's revenue went up, but profits dropped slightly due to higher costs.
Key Facts
- Disney expects fewer foreign visitors to its U.S. parks to impact its earnings.
- The company will focus on attracting more U.S. visitors to offset this.
- Foreign visits to the U.S. decreased by 2.5% last year, not including visits from Mexico and Canada.
- Tours from Canada dropped over 20% due to tensions with the U.S.
- Disney's park bookings for this year are still expected to grow by 5%.
- Overall attendance at U.S. parks rose 1% in the recent quarter.
- Disney's total revenue rose by 5% year-on-year to $26 billion.
- Profits fell by nearly 6% because of increased content and distribution costs.
