Revenue and income continue to ride in Disney's theme park segment last quarter.
The Walt Disney Company this morning reported its third quarter financial results for its fiscal year. For the three months ending June 28, 2025, the Disney Experiences segment reported $9.086 billion in revenue, up 8% for the same period one year ago. Operating income was $2.516 billion, up 13% year over year.
Domestic theme parks led the growth, with a 10% increase in income and 22% increase in operating income. The international parks were up 6% for income, but suffered a 3% decline in operating income for the quarter. Disney's earnings report cited higher spending at the parks, along with increases in occupied room nights at its hotels and more passenger cruise days.
"Expansion projects are underway across every one of our theme parks globally, from a new World of Frozen land opening at Disneyland Paris in 2026, to the Villains- and Cars-themed areas at Magic Kingdom, to a Monsters Inc. area at Disney's Hollywood Studios, to an Avatar-themed destination at Disney California Adventure, in addition to a new theme park coming to Abu Dhabi," CEO Bob Iger said. "Disney Cruise Line continues to grow as we prepare for the launch of two new ships later this year: the Disney Destiny and the Disney Adventure, our largest ship ever in the first to be docked in Asia, bringing our fleet to a total of eight cruise ships operating around the globe."
Disney's Experiences segment includes the company's theme parks - including Disneyland, Walt Disney World, Disneyland Paris, Hong Kong Disneyland and Shanghai Disneyland - the Disney Cruise Line, and consumer products. The segment does not include results from the Tokyo Disney Resort, which is owned and operated by another company under license from Disney.
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Huh. And yet all over YouTube, there are videos dropping everyday about how much of a Ghost Town Disney is and the prognosticators insisting that everyone was going to abandon WDW once Epic Universe opened. Guess they were wrong for once…
To be fair, I don't know anyone personally who seriously suggested that Disney was going to die out the moment EU opened. I don't think it will ever be a ghost town.
Just saw an intentionally confusing graph released by Disney showing wait times for 2023, 2024, and 2025 to date. They superimposed them in three different colors, but when lay them end to end, you can see whole picture.
I love how this company finds a way to make everything look great to keep consumer confidence. high, when in reality, all you have to do is visit a Disney moms planning group on Facebook.
These are the die hard Pixie Dusters. The general consensus is the is the last trip or they are done with the perks being taken away and not going back again.
Epic Universe may have a small effect on siphoning guests, but Disney is digging their own grave. I listened to the Disney CEO explain how it's still an incredible value and easy to afford for middle class families. I tried not to laugh.
Universal is right behind them in the ridiculous prices category, but you still get a lot of perks with on-site stays, and especially at the three premier resorts.
Universal doesn't require this Borg hive mind planning cult down the minute like Disney does. That is how these women, who probably make all the Disney vacation decisions are feeding off each others negativity and giving up on the mouse.
Revenue may be up, but attendance, which is directly proportional to wait times, is down. Give them back the perks and they will come running, Disney.
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Disney's last earnings call, in May, was all about the parks, with the call originating from Abu Dhabi following the Miral announcement. This presentation was all about streaming, especially the new ESPN direct to consumer app.