The Walt Disney Company has confirmed its plans for a theme park in Abu Dhabi remain "unchanged" in a letter to shareholders released alongside its latest quarterly earnings.
"The strategic logic of our Abu Dhabi plans is unchanged," Disney's CEO Josh D'Amaro and CFO Hugh Johnston said in the letter.
"Major new theme parks are necessarily long-term in nature given the lead time of these projects, and this investment approach has consistently benefited our business."
Disney's statement regarding its Abu Dhabi park plans comes amid the US-Israel war with Iran, which erupted unexpectedly in late February, raising uncertainty about whether the project would move forwards.
"We have multiple experience expansions underway using a capital-light model, including working with established local operators to bring a new cruise ship to Japan and a theme park resort to Abu Dhabi," said D'Amaro and Johnston.
As for Disney's second-quarter financial results, the company's experiences segment reported revenue of $9.487 billion for the three-month period ending 28 March 2026.
Magic Kingdom
This is an increase of 7 percent from the same period last year, when the segment reported revenue of $8.889bn.
Operating income at Disney Experiences was $2.615bn in Q2, up 5 percent from last year's $2.491bn.
The rise in revenue compared to the prior-year quarter was driven by higher guest spending at Disney's US parks and experiences, as well as an increase in passenger cruise days following the launches of the Disney Destiny in November 2025 and the Disney Adventure in March 2026.
Disney Adventure
Attendance at Disney's US parks declined by 1 percent, primarily due to "softness" in international visitation and headwinds related to the opening of Universal Epic Universe.
"However, we are now beginning to lap the attendance headwinds we have faced in the domestic parks over the past year," said D'Amaro and Johnston.
Images courtesy of Disney
