“Disney lost 172,000 reservations recently, valued at around $636 (million) in revenue lost.”
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There’s no evidence Disney recently lost 172,000 reservations
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PolitiFact found no evidence or news reports to corroborate the claim.
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Disney’s most recent earnings report said the revenue from its parks increased by $7.2 billion. The next figures will be reported in May.
Since the Walt Disney Corporation denounced Florida’s HB 1557, dubbed the "don’t say gay" bill by critics, conservatives have signaled their intent to boycott Disney theme parks and streaming services.
Though we have yet to see the impact of such actions, some social media users are claiming victory.
"Disney lost 172,000 reservations recently, valued at around $636 (million) in revenue lost," an April 12 Facebook post read.
The post was flagged as part of Facebook’s efforts to combat false news and misinformation on its News Feed. (Read more about our partnership with Facebook.)
The post doesn’t make clear what kind of "reservations" it’s referencing, but there’s no evidence so far that Disney has experienced overwhelming numbers of cancellations at its resorts or theme parks.
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The company’s latest figures pertaining to its theme parks were released in February 2022, when Disney reported that it experienced an increase in revenue of $7.2 billion. The next update on figures related to its theme parks will be released on May 11, when Disney holds its quarterly earnings call.
Disney did not respond to PolitiFact’s request for comment. When we looked into similar claims that the company’s subscription-based streaming service, Disney+, "had over 350,000 cancellations" recently, we also found no evidence.
Walt Disney Co. is a major multinational media and entertainment company whose profits and losses, policies and business decisions are closely scrutinized, when they are announced.
When Disney lost $700 million in the summer of 2020, news outlets like the Washington Post wrote articles on the subject. And should its next quarterly earnings call reveal major losses, that news will certainly make headlines.
So far, available information shows no such thing. We rate this claim False.
Our Sources
Facebook post, April 12, 2022
Tweet, April 7, 2022
PolitiFact, There’s no evidence Disney+ lost over 350,000 subscribers in ‘five days,’ April 12, 2022
The Washington Post, Disney’s profits plummet as coronavirus keeps its core businesses flailing, Nov. 12, 2020
WaltDisneyCompany.com, Statement From The Walt Disney Company On Signing Of Florida Legislation, March 28, 2022
WaltDisneyCompany.com, THE WALT DISNEY COMPANY REPORTS FIRST QUARTER EARNINGS FOR FISCAL 2022, Feb. 9, 2022
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There’s no evidence Disney recently lost 172,000 reservations
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