64.3 F
Laguna Hills
Wednesday, May 25, 2022

Disney Parks Up in Down Quarter

- Advertisement -

The parks and resorts division of Walt Disney Co. in Burbank had quarterly operating income of $1.1 billion on revenue of $4.6 billion, up 13% and 6% compared with the same period last year.

The segment includes Disneyland Resort in Anaheim—Disney doesn’t report results from individual parks—and was the entertainment giant’s only operating unit to report increased revenue and operating income.

Disney’s three other segments—media networks, studio entertainment, and consumer products & interactive media—saw quarterly revenue and operating income declines that ranged from 2% to 25%.

Companywide quarterly net income was $2.5 billion on revenue of $14.8 billion, down 14% and 3% year-over-year, respectively.

Parks and resorts results were driven by higher guest spending growth that overcame lower attendance and hotel room nights, Disney said.

Featured Articles

Related Articles