Disney Parks Report $28.7 Billion in Revenue Over the Last Fiscal Year

The Walt Disney Company’s Q4 Earnings Call is scheduled for this afternoon, wherein company executives will share insight into the financial state of each segment of the business wrapping up the 2022 fiscal year.

In previous earnings calls and interviews, Disney CEO Bob Chapek has routinely expressed that the company is focusing a greater effort on streaming services than ever before, recently noting that plans are in the works to create a greater synergy between what Guests experience on their TVs at home and what they see and do in Disney Parks.

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While we expect to hear more information on Disney’s steaming businesses, which include not only Disney+, but ESPN+, Hulu, and Hotstar, the company’s quarterly earnings report that was shared prior to this afternoon’s call reveals a massive increase in profits from the Disney Parks, Experiences, and Products division.

The increase in this division is summed up with the $7.4 billion in revenue that the Parks took in during the last quarter of fiscal 2022, which in total with the past three quarters puts Disney Parks, Experiences, and Products at $28.7 billion in revenue, a 73% increase over fiscal year 2021.

Included in this segment is Disney Cruise Line, which would show a large percentage of increased revenue simply due to the launch of the Disney Wish. The company’s newest ship to join the fleet was launched in July leading to increased occupancy rates for Guests experiencing a Disney vacation at sea.

The report also mentions increased purchasing of Genie+ and Individual Lightning Lane selections as reasons for the extra revenue this quarter. Specifically, the report notes:

Operating income growth at our domestic parks and experiences was due to higher volumes and increased guest spending, partially offset by cost inflation, higher operations support costs and costs for new guest offerings. Higher volumes were due to increases in attendance, cruise ship sailings, which included a benefit from the July 2022 launch of the Disney Wish, and occupied room nights. Cruise ships were operating during the entire current quarter while sailings resumed during the prior-year quarter and operated at reduced capacities. Guest spending growth was due to an increase in average per capita ticket revenue driven by the introduction of Genie+ and Lightning Lane in the first quarter of the current fiscal year.

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Of course, the Walt Disney Company along with nearly every company in any line of business continues to rebound from the COVID-19 pandemic, with pent-up demand from travelers continuing to be a major factor in Guest spending.

We will continue to monitor updates out of this afternoon’s call, and will report back with additional information as we have it.