Disney released their 2024 Q2 earnings report this morning and cited revenue over $8.3 billion for Experiences, which includes the Disney Parks, a 10% increase over Q2 2023.
CEO Bob Iger cited the Experiences department as a primary driver for overall growth for the company.
The report notes the following:
The increase in operating income at our domestic parks and experiences was due to higher results at
Walt Disney World Resort and Disney Cruise Line, partially offset by lower results at Disneyland Resort.
At Walt Disney World Resort, higher results in the current quarter compared to the prior-year
quarter were due to:
- Increased guest spending attributable to higher average ticket prices
- Higher costs due to inflation, partially offset by lower depreciation and cost saving initiatives
Growth at Disney Cruise Line was due to an increase in average ticket prices, partially offset by
higher costs.The decrease in operating results at Disneyland Resort was due to:
- Higher costs driven by inflation
- An increase in guest spending attributable to higher average ticket prices and daily hotel room
- rates
- Higher volumes due to attendance growth, partially offset by lower occupied room nights
- International Parks and Experiences
- Higher international parks and experiences’ operating results were due to:
An increase in operating results at Hong Kong Disneyland Resort attributable to:
- Guest spending growth due to increases in average ticket prices and food, beverage and
- merchandise spending
- Higher volumes resulting from increases in attendance and occupied room nights. Volume
- growth benefitted from additional days of operations in the current quarter as well as the
- opening of World of Frozen in November 2023
- Increased costs driven by inflation and new guest offerings
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