This Disney Parks, Experiences, and Products division had an incredibly successful third quarter, which ended on July 2, 2022. The Walt Disney Company released its Q3 Earnings report on Wednesday ahead of its quarterly webcast with CEO Bob Chapek.
According to the report, the Disney Parks, Experiences, and Products division reported a revenue of $7.39 billion, exceeding the expected $6.65 billion. Chapek wrote the following statement:
“We had an excellent quarter, with our world-class creative and business teams powering outstanding performance at our domestic theme parks, big increases in live-sports viewership, and significant subscriber growth at our streaming services… We continue to transform entertainment as we near our second century, with compelling new storytelling across our many platforms and unique immersive physical experiences that exceed guest expectations, all of which are reflected in our strong operating results this quarter.”
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