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Disney’s parks division generated US$7.8bn in revenue in its second quarter - a 17% increase year-on-year for the operator.
Tom Anstey | Planet Attractions | 11 May 2023
Disney’s parks division generated US$7.8bn in revenue in its second quarter - a 17% increase year-on-year for the operator.
Operating income was also up significantly - rising 22% to US$2.2bn - with Disney attributing the success to its international parks, including Disney Shanghai, which has taken longer to recover from the effects of the pandemic than Disney’s other parks worldwide.
According to Disney, attendance is up domestically, but profits have dipped thanks to higher costs related to new offerings.
“We have a number of other growth and expansion opportunities at our parks and we’re closely evaluating where it makes the most sense to direct future investments,” said Disney CEO Bob Iger.
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