Disney U.S. Theme Parks See Post-Covid Bounce Falter As Growth Slows, Profit Dips
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deadline.comDisney’s giant theme park division was first out of the gate in a post-pandemic recovery, showing giant jumps in revenue and profit due to pent-up demand.
But the engine is sputtering. Walt Disney World saw operating income dip in the June quarter. Domestic Parks & Experiences saw profits fall 13% to $1.4 billion, and revenue firm 4% to $5.6 billion.
Disneyland profit was up “modestly,” the company said in its latest earnings report. The company cited its higher costs, due to inflation and the planned closure of Star Wars: Galactic Starcruiser, as well as a dip in attendance at Walt Disney World.
At Disneyland, higher attendance and guest spending – via higher ticket prices – were offset by increased costs driven by inflation.
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