About Subscribe Submit news Get in touch
 
Home Opinion In depth Video LIVE news Interviews Company profiles Events diary Jobs
Disney park profits surge in second quarter earnings results | Planet Attractions
     



Disney park profits surge in second quarter earnings results

Disney’s parks division generated US$7.8bn in revenue in its second quarter - a 17% increase year-on-year for the operator.






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.


Live

 

Disney agrees settlement with DeSantis backed board over Florida governance dispute





Merlin makes major acquisition of The Wheel at Icon Park





Saudi Arabia lands latest major IP with announcement of world-first Dragon Ball theme park




Industry insights



Spatial Sound, Immersive Audio: What is it and is it here to stay?



Video



WATCH: Steve Drake on accesso’s expanding portfolio


In Depth



Mundo Amazonia: Exploring Bellewaerde Park’s new themed area for 2024



© Kazoo 5 Limited 2024
About Subscribe Get in touch
 
Opinion In depth Interviews
LIVE news Profiles Diary Video
Jobs
Disney park profits surge in second quarter earnings results | Planet Attractions


Disney park profits surge in second quarter earnings results

Disney’s parks division generated US$7.8bn in revenue in its second quarter - a 17% increase year-on-year for the operator.






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.


 



© Kazoo 5 Limited 2024