2On Thursday, November 13, The Walt Disney Company released its quarterly earnings report for the fourth and final quarter of fiscal 2025, uncovering a significant downward trend in attendance at its United States parks. This news comes just hours after the document revealed that the Disney Experiences division (which includes the theme parks and Disney Cruise Line) earned a record-breaking $10 billion profit in fiscal 2025.
Disney Experiences enjoyed record profits both domestically and internationally in fiscal 2025, with a Domestic Parks & Experiences operating income growth of 9% ($920 million) year-over-year and an International Parks & Experiences growth of 25% ($375 million). Obviously, the majority of the Disney Experiences revenue continues to come from Disneyland Resort and Walt Disney World Resort. Still, Disney leadership (including CEO Bob Iger) hopes that will change with upcoming expansions like the World of Frozen at Disneyland Paris Resort.
The company reported that expansions and improvements increased crowds and spending at its international parks in 2025. The international Disney parks experienced a 1% increase in attendance from 2024 to 2025, although from 2023 to 2024, they reported a 9% attendance increase.
“International parks and experiences’ operating results increased compared to the prior-year quarter, primarily due to growth at Disneyland Paris,” the earnings report reads. “The increase at international parks and experiences was attributable to… volume growth due to an increase in attendance…, an increase in guest spending…, [and] higher costs attributable to new guest offerings.”
Despite the increased crowds at the international Disney parks, attendance at the U.S. parks dropped by about 1% from 2024 to 2025, following a 1% increase from 2023 to 2024.
Disney says attendance at U.S. parks was down 1% in 2025 after rising 1% in 2024.
Disney says attendance at U.S. parks was down 1% in 2025 after rising 1% in 2024. https://t.co/biE3FGxqCf
— Scott Gustin (@ScottGustin) November 13, 2025
The fiscal report confirms what many Disney Parks fans have long suspected, especially at Walt Disney World Resort. Disney Park guests reported a slow summer, with low wait times and short lines around Magic Kingdom Park, EPCOT, Disney’s Hollywood Studios, and Disney’s Animal Kingdom Theme Park.
Still, the parks and experiences division remained one of Disney’s strongest in 2025. Merchandise, food, and beverage revenue rose 6%, with 3% of that attributed to an increase in the average spend per guest (which partially makes up for the lower admission revenue). Largely thanks to the Disney Cruise Line and its newest vessels, resorts and vacation revenue rose 5%.
Do the Disney parks feel less busy to you? Share your experience with Inside the Magic in the comments!