Operating income and revenue are up at Disney‘s theme parks division for another quarter, the company has revealed in its latest financial results.
In its earnings for the quarter ended 28 June, the Walt Disney Company has reported $9 billion in revenue, up 8 percent from the $8.3bn reported for the same period last year.
Operating income was $2.5bn, an increase of $294 million compared to last year’s third quarter.
This growth has been attributed to its US theme parks at Walt Disney World in Florida and Disneyland in California, where operating income grew by 22 percent to $1.7bn.
In a statement, Disney CEO Bob Iger and Disney’s chief financial officer Hugh Johnston said the experiences segment delivered “another outstanding quarter driven by growth across all businesses at domestic parks and experiences”.
Disney’s global expansion plans
“We are building on our best-in-class parks and experiences businesses, with more expansions underway around the world than at any other time in our history,” they added.
“We have expansions currently underway at every one of our theme parks globally, including a new World of Frozen land opening at Disneyland Paris in 2026, villains and Cars-themed areas coming to Magic Kingdom, a Monsters Inc. area coming to Disney’s Hollywood Studios, an Avatar-themed destination coming to Disney California Adventure.
“This is in addition to a new theme park coming to Abu Dhabi.”
Disneyland Abu Dhabi was announced in partnership with Miral earlier this year. Set to be the world’s sixth Disney resort, it will combine Disney’s iconic stories, characters and attractions with Abu Dhabi’s culture, shorelines and architecture.
Speaking to Forbes Middle East last month (via Forbes), Miral’s group CEO Mohamed Abdalla Al Zaabi said the new destination on Yas Island “would never work” as an outdoor theme park.
Images courtesy of Disney
