Disney Announces Significant Theme Park Attendance Updates
Disney has reported significant updates regarding its theme park attendance in the recent quarterly earnings call, held on November 13, 2023. The company, which encompasses Walt Disney World, Disneyland, and Disney Cruise Line, shared that overall revenues reached $22.5 billion, similar to the previous year. For the fiscal year ending in 2025, Disney’s total revenue increased by 3% to $94.4 billion.
Key Financial Highlights
- Disney’s Experiences division, which includes theme parks and cruise lines, generated $8.77 billion in revenue for Q4, marking a 6% increase from the previous year.
- The operating income for this division rose to $1.88 billion, an impressive 13% growth.
- The full-year operating income for Experiences hit a record $10 billion, up $723 million from last year.
Attendance Trends
Disney’s theme park attendance statistics reveal a mixed performance. While overall admissions increased by 5% year over year, attendance at domestic parks experienced a slight decline of 1%. In contrast, international park attendance saw a 1% increase.
Detailed Performance Breakdown
- Domestic Parks operating income rose by 6% compared to 2024, largely due to cruise line activity.
- International Parks benefitted from a 13% increase, largely driven by Disneyland Paris, which saw growth in guest spending and attendance.
Revenue from resorts and vacations rose by 5%, mainly due to increased cruise passenger days, while merchandise revenue grew by 6%. These numbers reflect a growing trend in visitor spending and overall profitability for Disney.
Future Outlook for Disney Parks
CEO Bob Iger remarked on the company’s progress, emphasizing the strength of Disney’s creative assets. He expressed confidence in Disney’s ability to invest in quality offerings for consumers while ensuring returns for shareholders.
Despite the challenges of returning to pre-COVID attendance levels, Disney remains optimistic. The CFO indicated that domestic attendance has been strong, illustrating that while international numbers lag, there is potential for continued growth.
As Disney continues to evaluate its strategies, the company is poised for further developments in its theme parks, enhancing visitor experiences and expanding offerings to meet demand.
