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Disney Revenues Shrank Dramatically in 2023: SEC Filings and Inflation Figures Show Dire Results!
Disney Revenues Shrank Dramatically in 2023: SEC Filings and Inflation Figures Show Dire Results!
#disney #disneynews #twdc #businessnews #financialnews #stock #stockmarket #entertainmentnews #disneyplus #disney+ #marvel #starwars #disneyprincesses
Starring @The_DA
SEC Filings for The Walt Disney Company in 2023 were picked up by headlines with statements that the company had grown by 3.7% in its year-to-year revenues. However, when matched up with both interest rates and inflationary rates, this turns out to be a decrease in the transactional power of Disney. Not only that, but a comparison to 2022 reveals that this decline in corporate revenue power is a dramatic decline for a once-beloved company!
References:
Statista
https://www.statista.com/statistics/224397/quarterly-revenue-of-the-walt-disney-company/
Disney SEC Filing
https://www.sec.gov/Archives/edgar/data/1744489/000174448923000203/fy2023_q4xreportingxchange.htm
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