Disney Parks Roars to Record Revenue Amid Travel Slowdown

1 min read
Source: CNBC
Disney Parks Roars to Record Revenue Amid Travel Slowdown
Photo: CNBC
TL;DR

Disney’s experiences segment (parks, cruises, resorts) posted nearly $10 billion in Q3 revenue, a 10% year-over-year gain and a quarterly record, with operating income above $3 billion. Domestic attendance rose and guest spending increased, aided by promotions and refreshed attractions, while two new ships boosted cruise capacity and resorts revenue. Despite a 6% drop in international travel to the U.S., Disney says it is outperforming competitors in parks and maintains momentum through marketing and promotions.

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