Disney Reports Strong Nine-Month Revenue Rise Driven by Parks and Experiences
The Walt Disney Company announced a solid result for the recent nine months, highlighting a 62% year over year increase in turnover attributed mainly to its parks, resorts, and merchandise sales. The company disclosed a revenue figure of 2,983 million in the latest period, reflecting notable growth from the previous year as the leisure and entertainment segments recover and expand their footprint.
In the fiscal year’s first nine months, spanning from November through July, Disney tallied total revenue of 62,572 million, marking a 28% year-over-year rise. The media and entertainment divisions remain a substantial revenue driver, yet the segments focused on experiences and product sales saw a pronounced acceleration, nearly doubling in performance during this stretch.
Disney emphasized the strength of its parks and experiences, with notable momentum in the United States as consumer sentiment improves post pandemic restrictions. Guests continue to visit parks in greater numbers and spend more, contributing to the companys ongoing earnings momentum.
During the most recent quarter, the Burbank, California operations showed a robust performance with profit rising 53% to 1,409 million and revenue climbing 26% to 21,504 million. These gains reflect the combination of higher attendance, expanded offerings, and increased spending per guest across key regions.
Company CEO Bob Chapek attributed the quarterly results to a rising subscriber base across Disneys platforms and to heightened demand for both its parks and its streaming services. He noted that the growth in subscribers supports a broader pattern of engagement and monetization through diversified experiences.
Disney continues to grow its streaming portfolio, reporting approximately 221 million total subscribers across its services. Disney+ accounts for 152.1 million, Hulu for 46.2 million, and ESPN+ for 22.8 million. While the subscriber totals are strong, the streaming segment faced higher programming and production costs, leading to expanded losses in the quarter. The combined streaming segment reported a net loss of 1.1 billion, reflecting ongoing investments to broaden content libraries and regional reach.
In response to evolving market dynamics, the company announced on December 8 a revised pricing structure for its streaming business. The plan introduces more affordable options with ads and bundles designed to offer more value to price-conscious consumers while making some existing plans more expensive for certain user groups. The broader goal is to optimize subscriber growth and monetization across all platforms while sustaining investment in content and technology.
Investors reacted positively to these overall results, with shares rising nearly 7 percent in after-hours trading. The session underscored the market confidence in Disneys ability to balance growth across parks, experiences, and streaming, even as the company continues to navigate competitive tensions in the media landscape. In the prior year, the market environment saw heightened volatility, and the company faced fluctuations in its capital value, illustrating ongoing sensitivity to broader entertainment industry trends and consumer behavior.