NEWS: All of Disney's Theme Parks Have Increased Profits

May 7th is Disney’s Quarter 2 earnings call, which is where the company discusses how the business has been operating for the past quarter.

©Disney

Since the calls are open to the public, they’ll often also take this time to update or announce new projects to get people excited about what’s coming next. Some of the details can be a little confusing (#businesstalk), but that’s why we’re here! We’re breaking it all down so you can understand what’s going on, and Disney has just informed us that the Parks & Experiences segment saw an overall increase in revenue compared to the same time last year.

The Walt Disney Company released its earnings report ahead of its earnings call this morning at 8:30AM ET. We are diving into the report for the Parks and Experiences for Q2, and we will also be providing updates throughout the call this morning.

Fantasyland

Overall, the Parks & Experiences segment of The Walt Disney Company reported an increase in revenue compared to the same period last year. The domestic parks & experiences saw a 7% increase in revenue, while the international parks & experiences saw a 29% increase in revenue.

©Disney

When looking at the domestic parks & experiences, both Walt Disney World and Disney Cruise Line saw an increase in operating income, while Disneyland Resort saw lower results. Walt Disney World attributed the increase in income to higher average ticket prices. However, there were higher costs due to inflation, but they were able to offset some of this increase through lower depreciation and cost-saving initiatives.

Walt Disney World

Disney Cruise Line also saw an increase in average ticket prices, but also an increase in operating costs. They still had higher results than Disneyland Resort. Disneyland Resort saw a decrease in operating income due to higher costs caused by inflation and lower occupancy at the hotels. Disneyland Resort did see higher attendance volumes with higher average ticket prices, but that was not enough to make up for the higher costs and lower hotel activity.

Sleeping Beauty Castle in Disneyland

Hong Kong Disneyland Resort saw an increase in revenue which was attributed to an increase in ticket prices, and an increase in food, beverage, and merchandise spending by guests. The resort saw higher volumes in both park attendance and hotel occupancy. The resort attributes some of this increase to be open additional days, and the opening of World of Frozen in November 2023.

Curls in Hong Kong Disneyland

Disneyland may see some changes when it comes to prices due to these results, but we’ll just have to wait and see. Want to see more news from the earnings call? Check out our posts below:

Stay tuned to AllEars for more Disney news.