Disney’s earnings report shows hurricanes impacted attendance and revenue at its U.S. parks.On Wednesday, the company held its quarterly earnings call.The experiences division, which includes six global theme parks, its cruise line, merchandise and video game licensing, reported operating income was basically flat at $3.11 billion. Disney also reported its operating income at parks in the U.S. decreased 5% the last three months of 2024.Much of that is because of Hurricane Helene, which made landfall in our state back in September. And then Hurricane Milton, which came straight through Central Florida a month later, in October. That storm led Walt Disney World to close for a day. The company also canceled one sailing of the Disney Wish cruise from Port Canaveral. Disney says all of that, combined with a drop in attendance, led to a financial impact of about $120 million. Despite the shortfall, Disney executives say the first quarter is off a strong start to this fiscal year. The company’s chief financial officer says they expect a 6% to 8% increase, even with some competition from the opening of Universal Epic Universe. “As we built our plans, we did anticipate some small impact. I think we have it effectively hedged in the guides that we’ve given to you. So, overall level of confidence in the experiences guide is high,” said Hugh Johnson, senior executive vice president and chief financial officer of The Walt Disney Company.When it comes to the company’s international parks and experiences, Disney says its operating income went up 28%. The entertainment division also went up 9% to more than $10 billion. Disney says that’s thanks to ticket sales from “Moana 2,” “Deadpool and Wolverine” and “Inside Out 2.”Click here to see the full earnings report.
Disney’s earnings report shows hurricanes impacted attendance and revenue at its U.S. parks.
On Wednesday, the company held its quarterly earnings call.
The experiences division, which includes six global theme parks, its cruise line, merchandise and video game licensing, reported operating income was basically flat at $3.11 billion.
Disney also reported its operating income at parks in the U.S. decreased 5% the last three months of 2024.
Much of that is because of Hurricane Helene, which made landfall in our state back in September. And then Hurricane Milton, which came straight through Central Florida a month later, in October.
That storm led Walt Disney World to close for a day. The company also canceled one sailing of the Disney Wish cruise from Port Canaveral.
Disney says all of that, combined with a drop in attendance, led to a financial impact of about $120 million.
Despite the shortfall, Disney executives say the first quarter is off a strong start to this fiscal year. The company’s chief financial officer says they expect a 6% to 8% increase, even with some competition from the opening of Universal Epic Universe.
“As we built our plans, we did anticipate some small impact. I think we have it effectively hedged in the guides that we’ve given to you. So, overall level of confidence in the experiences guide is high,” said Hugh Johnson, senior executive vice president and chief financial officer of The Walt Disney Company.
When it comes to the company’s international parks and experiences, Disney says its operating income went up 28%.
The entertainment division also went up 9% to more than $10 billion.
Disney says that’s thanks to ticket sales from “Moana 2,” “Deadpool and Wolverine” and “Inside Out 2.”
Click here to see the full earnings report.