Disney Parks Profit Soars Despite Inflation
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Despite rising costs impacting American consumers, Disney's domestic theme parks saw a 13% surge in operating profit to $1.82 billion in its winter quarter. Revenue increased 9% to $6.5 billion, driven by higher park attendance, hotel bookings, and merchandise/food spending. Disney's experiences division, comprising 60% of its annual profit, is projected to see an 8% operating profit increase for the year. This strong performance exceeded analyst expectations, boosting Disney's adjusted per-share income by 20% to $1.45.
Despite rising costs impacting American consumers, Disney's domestic theme parks saw a 13% surge in operating profit to $1.82 billion in its winter quarter. Revenue increased 9% to $6.5 billion, driven by higher park attendance, hotel bookings, and merchandise/food spending. Disney's experiences division, comprising 60% of its annual profit, is projected to see an 8% operating profit increase for the year. This strong performance exceeded analyst expectations, boosting Disney's adjusted per-share income by 20% to $1.45.
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