The Walt Disney Company’s Parks and Experiences division achieved record-breaking operating income of $10 billion for fiscal year 2025, marking an increase of $723 million over the previous year. The division’s fourth-quarter performance was particularly strong, with revenue reaching $8.77 billion, a 6% increase from the same period last year, and operating income rising 13% to $1.88 billion.

The growth in operating income was driven by strong performance across both domestic and international theme parks, as well as the continued expansion of Disney’s cruise business. At domestic parks, the increase was largely due to higher guest spending and the success of Disney Cruise Line, which saw passenger cruise days increase following the launch of Disney Treasure earlier in the year.

International parks also delivered higher operating results, led by Disneyland Paris, which benefited from increased attendance, higher guest spending, and new offerings such as World of Frozen, set to officially open this spring. The Experiences division recorded $36.16 billion in revenue for the full fiscal year, up 6%.

Looking ahead, Disney has reaffirmed its goal of delivering double-digit earnings growth within the next two years. The company projects high single-digit growth in operating income for fiscal 2026, with most of the gains expected in the second half of the year as new cruise ships and park projects debut.

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