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Credit: DisneyThe Walt Disney Company has been keeping busy after COVID-19 closures struck the Disney Theme Parks and Resorts in 2020. With Walt Disney World Resort celebrating its 50th Anniversary, and Disney+ preparing for its second birthday with Disney+ Day on November 12, The Walt Disney Company sat down to discuss the fiscal year and fourth-quarter financial results with Park revenue looking strong for the company.
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In recent months, we have continued to see crowds flock back to the Disney Parks. This final 2021 quarter is the first full quarter since the pandemic began that ALL Disney Parks have opened, along with the entire Disney Cruise Line once again setting sail on the big blue.
According to Bob Chapek, Chief Executive Officer of the Walt Disney Company, Disney Guests have more experiences to enjoy in the Parks now than ever before with new nighttime spectaculars, new attractions, new restaurants, and more.
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When focusing on the Walt Disney Company’s Parks, Experiences, and Products numbers, it looks like Disney has continued growth as they come out of the pandemic struggles 2020 and 2021 have delivered.
According to The Walt Disney Company Reports, Fourth Quarter and Full Year Earnings for Fiscal 2021:
“Disney Parks, Experiences and Products revenues for the quarter increased to $5.5 billion compared to $2.7 billion in the prior-year quarter. Segment operating results increased $1.6 billion to income of $640 million. Operating income for the quarter reflected increases at our domestic and international parks and experiences businesses, partially offset by a decrease at our consumer products business.”
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The Walt Disney Company is making ongoing progress as we all navigate this new “normal” after the COVID pandemic. As attendance trends continue to strengthen in the Disney Parks, we can expect the growth of the Disney Parks’ total income.
Have you visited Disney Parks in this final fiscal quarter to add to this total revenue of $640 million?