Disney Parks Revenue Increases to Over $4 Billion

in Disney

Mickey and Minnie in front of Cinderella Castle

Credit: Disney

Today, the Disney earnings report was just revealed. Disney has discussed their report for the fiscal third-quarter results within their Disney Parks, Experiences, and Products.

Disney World 50th
Credit: Disney Parks Blog

Previously, Disney admitted to a financial loss as the Disney Parks underwent closures due to the pandemic. Now, all Disney Parks is once again open, which has increased tourism globally, increasing the company’s revenue in the Disney Parks, Experiences and Products division.

The earnings report stated a major increase of $3 billion!

Disney Parks, Experiences and Products revenues for the quarter increased to $4.3 billion compared to $1.1 billion in the prior-year quarter. Segment operating results increased $2.2 billion to income of $356 million. Operating income for the quarter reflected increases at our domestic and international parks and experiences businesses and at merchandise licensing and retail.

Credit: Disney

The report explains that the revenue has increased dramatically due to the reopening of all their theme parks, as well as constant revenue from Walt Disney World Resort and Shanghai Disney Resort which were open for the entire quarter.

couple wearing disney world 50th merchandise
Credit: Disney

However, there was more to Disney’s success in the Disney Parks, Experiences, and Products sector than just the theme parks reopening, and that was merchandise sales. The report noted an increase in merchandise popularity for the following IPs: Mickey and Minnie, Star Wars, including The Mandalorian, Disney Princesses, and Spider-Man. Interestingly enough, a lot of this revenue was conducted at the company’s Disney Stores, which were closed last quarter. Many of which will be closed next quarter as Disney has shut down many locations globally.

From these results, we can clearly see that the Disney Parks division is returning to normal.

Do you expect Disney’s revenue from the Disney Parks, Experiences, and Products sector to continue to rise?

 

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